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Press release from CNW Group

Churchill's General Contracting Segment Selected for Three Hospitals and Four Commercial Projects Valued at Over $500 Million

Wednesday, July 06, 2011

Churchill's General Contracting Segment Selected for Three Hospitals and Four Commercial Projects Valued at Over $500 Million07:00 EDT Wednesday, July 06, 2011CALGARY, July 6, 2011 /CNW/ - The Churchill Corporation (TSX: CUQ, CUQ.DB) ("Churchill" or the "Corporation") today announced that Alberta Infrastructure has selected Stuart Olson Dominion Construction Ltd. ("SODCL"), Churchill's general contracting segment, as the construction manager for three hospital projects valued at $421 million. This amount includes the planning, design and construction process for these projects, so the amount that SODCL books to backlog when the contracts are executed may vary from this amount. The hospitals are located in Medicine Hat, Lethbridge and Edson, Alberta.The $200 million redevelopment of the Medicine Hat Regional Hospital involves expanding space for ambulatory care and maternity services, as well as the emergency department and operating rooms. Also, the hospital's mechanical and electrical systems will be upgraded. Construction is expected to begin this fall. The project is planned to be brought on-stream in phases, beginning in 2013 and ending in 2015.The $113 million redevelopment of Chinook Regional Hospital in Lethbridge involves renovation of a significant portion of the hospital and the addition of a new multi-storey wing to expand the emergency department and inpatient areas, as well as women's health and neonatal units. Construction is expected to begin this fall and completion is anticipated in 2013.The $108 million new Edson Healthcare Center will support the delivery of quality health services to the people of Edson and surrounding communities, reducing wait times and improving access for Albertans. To replace the existing Edson Healthcare Centre, the new facility will be built on a new site with construction expected to start in 2012 and completion anticipated in the spring of 2014.SODCL has also received awards for three commercial developments in British Columbia and one commercial project in Alberta valued at approximately $100 million."The robust macroeconomics of Western Canada are driving the need for new infrastructure and commercial development and Stuart Olson Dominion's talented project teams are rising to the challenge," said Jim Houck, Churchill's CEO. "We are very proud of our people; winning three of the five Alberta hospitals that were up for tender is a tremendous accomplishment."About The Churchill CorporationThe Churchill Corporation provides building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to an array of public and private sector clients. Churchill operates office locations throughout British Columbia, Alberta, Saskatchewan, Manitoba, northwest Ontario and the Yukon. Churchill common shares are listed on the Toronto Stock Exchange under the symbol "CUQ" and Churchill convertible debentures are listed on the Toronto Stock Exchange under the symbol "CUQ.DB" . www.churchillcorporation.comForward Looking InformationCertain statements in this Press Release may constitute "forward-looking statements". Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes, plans and objectives of the Corporation. Many of these statements can be identified by looking for words such as "believes," "expects," "may," "will," "intends," "anticipates," "estimates," "continues," or the negative thereof, or other variations thereon. Although management of Churchill believes its expectations regarding future performance of the Corporation are based on reasonable assumptions and currently available competitive, financial and economic data, market conditions and operating plans, it can give no assurance its expectations will be achieved. The Corporation cautions that, by their nature, forward-looking statements, involve risks, and uncertainties and that its actual actions, and/or results could differ materially from those expressed or implied in such forward-looking statements, and that the aforementioned risks, uncertainties and actions could affect the extent to which a particular projection materializes. The Corporation assumes no obligation to update the forward-looking statements should circumstances or the Corporation's management's estimates or opinions change, except as may be required by law.For further information: Andrew Apedoe Vice President Investor Relations & Secretary The Churchill Corporation (403) 685-7775 Email: inquiries@churchill-cuq.com           Ken Wetherell, CFA Director, Investor Relations The Churchill Corporation (403) 685-7776 Email: inquiries@churchill-cuq.com