E Enterprise Group Inc

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES.

Enterprise Group, Inc. ("Enterprise" or the "Company") (TSX:E) announces that it
has closed its previously announced private placement of 6% convertible
unsecured subordinated debentures (the "Debentures") in the aggregate principal
amount of approximately $6,000,000 (the "Offering"). Proceeds of the Offering
will be used to complete a strategic acquisition.  


The Debentures have a two-year term, bear interest at the rate of 6% per annum
payable June 30, 2013 and quarterly thereafter and are convertible into common
shares of Enterprise at a price of $0.50 per share. 


All securities issued in connection with the Offering will be subject to a hold
period of four months and one date from closing.  


In conjunction with the closing of the Offering, Enterprise entered into an
advisory agreement with the manager of Difference Capital Funding Inc.
("Difference Capital"). Enterprise is very excited about working with Difference
Capital Funding Inc. and look forward to their support and building a long term
relationship as we grow this company to a be leader in the infrastructure build
out industry in Canada. 


Further to the press release of February 28, 2013 announcing the company has
entered into a Letter of Intent to purchase the shares of a specialized
underground infrastructure construction company, the vendor has requested that
Enterprise extend the close to June 14, 2013 with a provision to close at an
earlier date if agreed upon by the vendor and the Company.


About Enterprise Group, Inc. 

Enterprise Group, Inc. is a consolidator of construction services companies
operating in the energy, utility and transportation infrastructure industries.
The Company's focus is primarily utility & infrastructure construction and
specialized equipment rental. The Company's strategy is to acquire complementary
service companies in Western Canada, consolidating capital, management and human
resources to support continued growth. Enterprise became a Western Canadian
leader in flameless heat technology in September 2012 with its acquisition of
Artic Therm International Ltd. and is poised to become a technological leader in
underground infrastructure construction upon closing of its pending
infrastructure construction acquisition. 


About Difference Capital Funding Inc. 

Difference Capital Funding Inc. is a publicly listed merchant bank focused on
creating shareholder value through strategic investments in, and advisory
services for, growth companies, particularly in the technology and media
sectors, as well as opportunistic investments in undervalued financial assets
and real property.


The securities described herein have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "US Securities Act"),
or any state securities laws, and accordingly, may not be offered or sold within
the United States except in compliance with the registration requirements of the
U.S. Securities Act and applicable state securities requirements or pursuant to
exemptions therefrom. This press release does not constitute an offer to sell or
solicitation of an offer to buy any of the Company's securities in the United
States. 


Forward Looking Information 

Certain statements contained in this news release constitute forward-looking
information. These statements relate to future events or the Company's future
performance. The use of any of the words "could", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Company's current belief or assumptions as to
the outcome and timing of such future events. Actual future results may differ
materially. In particular, statements with respect to the use of proceeds and
completion of strategic acquisitions. The Company's Annual Information Form and
other documents filed with securities regulatory authorities (accessible through
the SEDAR website www.sedar.com) describe the risks, material assumptions and
other factors that could influence actual results and which are incorporated
herein by reference. The Company disclaims any intention or obligation to
publicly update or revise any forward-looking information, whether as a result
of new information, future events or otherwise, except as may be expressly
required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
First Canadian Capital Corp.
Daniel Boase
416-742-5600
DBoase@firstcanadiancapital.com
145 Front Street East
Toronto, ON. M5A 1E3


Enterprise Group, Inc.
Leonard D. Jaroszuk
President & CEO
780-418-4400


Enterprise Group, Inc.
Desmond O'Kell
Vice President
780-418-4400
contact@EnterpriseGRP.ca
www.EnterpriseGRP.ca

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