Canadian Premium Sand Inc. announced it has entered into an Option to Purchase Agreement with the City of Selkirk for the acquisition of land zoned for heavy industrial purposes located northwest of the intersection of Manitoba Highways 4 and 9A. The Option Agreement secures an attractive land parcel, consisting of approximately 121 acres, with attributes that are ideal for the development of the Company's patterned solar glass manufacturing facility. The Site offers numerous benefits to CPS's business model including: Proximity to a 115kV power line located less than 2km from the Site, enabling access to renewable hydro-electric energy from Manitoba Hydro; Pipeline access to the City of Selkirk's wastewater plant, enabling the use of high-quality recycled water required for plant operations; Proximity to natural gas distribution infrastructure that is adjacent to the Site's south boundary, enabling efficient pipeline access; Access to a Class 1 rail line located on the Site's south boundary, enabling a low-cost rail spur connection; Access to Winnipeg's logistics hub, enabling efficient inbound and outbound deliveries with both rail and truck options; Availability of a diverse and experienced labour pool to support up to 600 construction jobs and 300 manufacturing jobs for the first phase of the Facility; and Future growth opportunities with sufficient land to accommodate up to 4 phases of capacity expansion.

The exercise of the Option will result in a binding purchaseagreement between the City of Selkirk and CPS. The exercise of the Option is conditional on: Legal subdivision of the Site by the Province of Manitoba, and Receipt of permits and approvals by CPS for the construction and operation of its planned solar glass manufacturing facility.