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Press release from CNW Group

IMPORTANT RESERVE FOR CANAM GROUP IN FIRST QUARTER

Thursday, April 21, 2011

IMPORTANT RESERVE FOR CANAM GROUP IN FIRST QUARTER08:00 EDT Thursday, April 21, 2011BOUCHERVILLE, QC, April 21 /CNW Telbec/ - Canam Group Inc. (TSX: CAM) announced today it will take an after-tax reserve of $25M for the first quarter of fiscal year 2011 in connection with the additional costs for the completion of the cables on the BC Place stadium retractable roof in Vancouver.The corporation believes this reserve represents the likely loss until completion of the project, while adding that discussions to reduce the impact of the reserve are ongoing with various project participants.About Canam Group Inc.Canam Group is a leader in the design and fabrication of construction products and solutions and a leading provider of design-build and building information modeling (BIM) services. The corporation operates more than 25 manufacturing plants and engineering offices in Canada, the United States, Romania, India and China, and has partnerships with companies in Saudi Arabia, the United Arab Emirates and China.For further information: Jasmin Gosselin Vice President, Communications Tel.: 450-641-4000 Email:  jasmin.gosselin@canamgroup.ws   www.canamgroup.ws