ACHESON, Alberta, March 17, 2022 (GLOBE NEWSWIRE) -- North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced a five-year contract awarded to Mikisew North American Limited Partnership (“MNALP”) by a major oil sands producer. Given the contractual scope included in the award, the new agreement qualifies as backlog which is estimated at $125 million. Based on the heavy equipment fleet and our experience at this site, we estimate this contractual backlog represents approximately one-third of the work we will complete over the contract term.