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Last updated on April 18, 2014 at 10:25 EDT

WesternOne Inc.’s Modular Building Division Britco and Lax Kw’alaams Sign Partnership

May 7, 2013

VANCOUVER, May 7, 2013 /PRNewswire/ – WesternOne Inc. (TSX: WEQ, WEQ.DB,
WEQ.DB.B, WEQ.DB.C) today announced that its modular building division
Britco has signed a memorandum of understanding with the Lax Kw’alaams
Band to establish a modular building rental business.

The focus of this innovative partnership will be to lease and sell
modular buildings within a territory that stretches from Prince Rupert
to Terrace and north to Stewart.

“Britco has been investing in people in British Columbia for over 36
years and they are very clearly focused on generating meaningful,
long term partnerships,” stated Lax Kw’alaams Mayor, Garry Reece. There
will be an office established in Prince Rupert with a member of Lax
Kw’alaams employed by Britco to develop business opportunities in the
region. This will provide a long term career management opportunity in
sales and marketing for the Lax Kw’alaams individual who will receive
significant training and support from Britco.

“We are very excited about the potential of our partnership with Lax
Kw’alaams and we are looking forward to building opportunities with the
Lax Kw’alaams in this region,” said Mike Ridley, President of Britco.

The memorandum of understanding was signed by Lax Kw’alaams Mayor Garry
Reece and Britco President Mike Ridley in Prince Rupert, B.C.

About Lax Kw’alaams Band

The Coast Tsimshian village of Lax Kw’alaams is located north of Prince
Rupert on the northwestern coast of British Columbia.

Lax Kw’alaams owns and operates a number of businesses including Lax
Kw’alaams Fishery and Coast Tsimshian Resources. Lax Kw’alaams Fishery
is the leading canned food producer in the region. The plant has
overseas customers in China and the United States of America and
products from this cannery are sold under several brands. Lax Kw’alaams
Fishery is 100% owned by the Lax Kw’alaams Band. Coast Tsimshian
Resources holds 3 forest tenures in Northwestern BC.

Additional information about Lax Kw’alaams is available at www.laxkwalaams.ca.

About Britco

With over 1,000 employees in Australia, Canada, and the United States,
Britco is one of the largest modular construction companies in the
industry.

Britco provides temporary and permanent residential and commercial
modular buildings and offers, not only leading design-build
capabilities but also turn-key construction project management services
for a wide range of customers in the infrastructure, construction,
energy and resource sectors. Britco also has one of the largest lease
fleets of office complexes, construction site offices, sales centres
and storage containers in British Columbia. Britco is headquartered in
Langley, British Columbia.

Additional information about Britco is available at www.britco.com or www.weq.ca.

About WesternOne

WesternOne Inc. seeks to acquire and grow businesses in the construction
and infrastructure services sector in order to generate stable and
growing dividends to its shareholders and to achieve capital
appreciation.

Additional information about WesternOne Inc. is available at www.weq.ca or www.sedar.com.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

SOURCE WesternOne Inc.


Source: PR Newswire