<SEC-DOCUMENT>0001171843-18-006933.txt : 20181010
<SEC-HEADER>0001171843-18-006933.hdr.sgml : 20181010
<ACCEPTANCE-DATETIME>20181010141451
ACCESSION NUMBER:		0001171843-18-006933
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20181010
FILED AS OF DATE:		20181010
DATE AS OF CHANGE:		20181010

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			North American Construction Group Ltd.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33161
		FILM NUMBER:		181115760

	BUSINESS ADDRESS:	
		STREET 1:		26550 ACHESON ROAD
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 6B2
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		26550 ACHESON ROAD
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 6B2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	North American Energy Partners Inc.
		DATE OF NAME CHANGE:	20061129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTH AMERICAN ENERGY PARTNERS INC.
		DATE OF NAME CHANGE:	20061129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NACG Holdings Inc.
		DATE OF NAME CHANGE:	20060707
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_101018.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

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<FONT STYLE="font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>UNITED STATES</B></FONT></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">SECURITIES
AND EXCHANGE COMMISSION</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">Washington,
D.C. 20549</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">______________________</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">FORM 6-K</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">_______________________</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">Report of
Foreign Private Issuer</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">Pursuant
to Rule 13a-16 or 15d-16</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">under</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">the Securities
Exchange Act of 1934</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">For the
month of October</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">Commission
File Number 001-33161</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; font-weight: bold; text-align: center; text-indent: 0pt">NORTH AMERICAN
ENERGY PARTNERS INC.</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">Suite 300</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">18817 Stony Plain Road</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">Edmonton, Alberta</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">Canada T5S 0C2</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">(Address of principal executive
offices)</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: center; text-indent: 0pt">___________________________________</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; width: 25%">Form 20-F &#9744;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt; width: 25%"></TD>
    <TD STYLE="text-align: center; width: 25%">Form 40-F &#9746;</TD>
    </TR>
</TABLE>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">Indicate by check mark
if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">Indicate by check mark whether
by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center; width: 25%">Yes &#9744;</TD>
    <TD STYLE="text-align: center; text-indent: 0pt; width: 25%"><FONT STYLE="font-family: Wingdings 2"></FONT></TD>
    <TD STYLE="text-align: center; width: 25%">No &#9746;</TD>
    </TR>
</TABLE>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt"></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">If "Yes" is marked, indicate
below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; text-indent: 0px; margin-top: 0pt; margin-bottom: 0pt"></P>

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    <!-- Field: /Page -->

<P STYLE="color: rgb(0,0,0); font-size: 10pt; text-indent: 0px; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">Documents Included as Part of
this Report</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: middle">
    <TD STYLE="width: 5%; text-align: left; text-indent: 0pt">No.</TD>
    <TD STYLE="width: 95%; text-align: left; text-indent: 0pt">News Release</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: left"><A HREF="exh_991.htm">99.1</A></TD>
    <TD STYLE="vertical-align: middle; text-align: left"><A HREF="exh_991.htm">Material Change Report, dated October 3, 2018</A></TD></TR>
</TABLE>
<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&nbsp;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt"></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Signatures</B></P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 0px"></P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt">
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: left; text-indent: 0pt">NORTH AMERICAN ENERGY PARTNERS INC.</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="width: 50%; text-align: left; text-indent: 0pt"></TD>
    <TD STYLE="width: 6%; text-align: left; text-indent: 0pt"></TD>
    <TD STYLE="width: 23%; text-align: left; text-indent: 0pt"></TD>
    <TD STYLE="width: 21%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left; text-indent: 0pt">Date: October 10, 2018</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">By:</TD>
    <TD STYLE="text-align: left; text-indent: 0pt; border-bottom: Black 1pt solid">/s/ Martin Ferron</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Name:</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Martin Ferron</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left; text-indent: 0pt">Title:</TD>
    <TD COLSPAN="2" STYLE="text-align: left; text-indent: 0pt">Chairman and Chief Executive Officer</TD></TR>
</TABLE>
<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="color: rgb(0,0,0); font-size: 10pt; margin: 0pt 0; text-align: left; text-indent: 0pt">&#160;</P>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt"></P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Form 51-102F3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Material Change Report</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 1</B></TD><TD STYLE="text-align: justify"><B>Name and Address of Company</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">North American Construction Group Ltd. (&ldquo;<B>NACG</B>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">26550 Acheson Road</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Acheson, Alberta, T7X&nbsp;6B2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 2</B></TD><TD STYLE="text-align: left"><B>Date of Material Change</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">October 3, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 3</B></TD><TD STYLE="text-align: justify"><B>News Release</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Press releases were disseminated through
Globe Newswire on October 3, 2018 and September 20, 2018 with respect to the material change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 4</B></TD><TD STYLE="text-align: justify"><B>Summary of Material Change</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 3, 2018, NACG entered into a
definitive purchase and sale agreement (the &ldquo;<B>Asset Transaction</B>&rdquo;) to acquire the heavy construction equipment
fleet and related assets of Aecon Group Inc. for $199.1 million in cash (the &ldquo;<B>Purchase Price</B>&rdquo;). A $10 million
deposit was paid upon signing, which will be credited towards the Purchase Price on closing. The balance of the Purchase Price
will be paid in four instalments with the first installment of $153.6 million due at the closing and the following three equal
instalments of $11.8 million to be paid six, twelve and eighteen months following closing. The Asset Transaction will be fully
financed at closing through an upsized and extended credit facility with NACG&rsquo;s existing lenders, led by National Bank Financial
Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The strong addition of free cash flow from
the Asset Transaction, in combination with NACG&rsquo;s previously announced agreement to acquire a 49% ownership interest in Nuna
Logistics Ltd. for $42.5 million in cash (the &ldquo;<B>Share Transaction</B>&rdquo;), is expected to enable NACG to use its enhanced
operational cash flow to de-lever its balance sheet by around $150 million over the next three years, while still having sufficient
cash flow to apply to other growth initiatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 5</B></TD><TD STYLE="text-align: justify"><B>Full Description of Material Change</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Please see attached Schedule &ldquo;A&rdquo;
for the full text of the press releases dated October 3, 2018 and September 20, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 6</B></TD><TD STYLE="text-align: justify"><B>Reliance on subsection 7.1(2) of National Instrument 51-102</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 7</B></TD><TD STYLE="text-align: justify"><B>Omitted Information</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 8</B></TD><TD STYLE="text-align: justify"><B>Executive Officer</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following executive officer is knowledgeable
about the material change and may be contacted about this report.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Jordan Slator, General Counsel</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">(780) 969-5594</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.75in"><B>Item 9</B></TD><TD STYLE="text-align: justify"><B>Date of Report</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">October 10, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward Looking Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This material change report contains forward-looking
information that is based on expectations and estimates as of the date of this release. Forward-looking information is information
that is subject to known and unknown risks and other factors that may cause future actions, conditions or events to differ materially
from the anticipated actions, conditions or events expressed or implied by such forward-looking information. The forward looking
information in this release include statements with respect to the expected accretion to free cash flow and earnings and the expected
de-levering our balance sheet by approximately $150 million over the next three years. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated
in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The risks and uncertainties
that may affect forward-looking statements include, among others: impact of the global economy; project delays due to weather related
conditions; the possibility that equipment is of a quality that we expect; our inability to close the Asset Transaction and/or
the Share Transaction, or delays in closing, resulting from failure or delays in relation to satisfying conditions of closing or
other unanticipated factors; and other risks detailed from time to time in NACG&rsquo;s filings with securities regulatory authorities.
Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and other than
as required by applicable securities laws, NACG does not undertake any obligation to update forward-looking statements should assumptions
related to these plans, estimates, projections, beliefs and opinions change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Schedule &ldquo;A&rdquo;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(<I>attached</I>)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;<IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>NEWS RELEASE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>NORTH AMERICAN CONSTRUCTION GROUP TAKES
A MAJOR REVENUE DIVERSIFICATION STEP WITH THE ACQUISITION OF OWNERSHIP INTEREST IN NUNA LOGSITICS </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Acheson, Alberta, September 20<SUP>th</SUP>,
2018</B> &ndash; North American Construction Group Ltd. (&ldquo;NACG&rdquo; or &ldquo;the Company&rdquo;) (TSX:NOA/NYSE:NOA) today
announced that it has entered into a definitive agreement to acquire a 49% ownership interest in Nuna Logistics Limited and related
companies (collectively, &ldquo;Nuna&rdquo;), a civil construction and contract mining company based in Edmonton, Alberta, for
$42.5 million in cash (the &ldquo;Purchase Price&rdquo;) from a group of private selling shareholders (the &ldquo;Transaction&rdquo;).
The majority 51% ownership interest in Nuna is held by the Kitikmeot Corporation, a wholly owned business arm of the Kitikmeot
Inuit Association.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;This Transaction represents a compelling
opportunity for us to continue to execute on our strategy of customer and revenue diversification, while also reducing the overall
capital intensity of our business and extending our reach into what we consider to be a very attractive market,&rdquo; said Martin
Ferron, Chairman and CEO of NACG. &ldquo;Nuna&rsquo;s revenue is entirely non-oil-sands related and they are recognized as a leading
civil construction and mine services contractor in northern Canada, providing a clear strategic fit.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Transaction is aligned with NACG&rsquo;s
strategic goals, as Nuna expands end user coverage into other commodity areas (e.g. base metals, precious metals, and diamonds)
and infrastructure-related projects that involve major earthworks. Nuna is an established incumbent contractor in Nunavut and the
Northwest Territories, but has also successfully completed major projects in Ontario, Saskatchewan and British Columbia. NACG believes
that this acquisition will provide mutual benefit to both NACG and Nuna through access to broader equipment fleets, experienced
field personnel and expanded services such as NACG&rsquo;s growing external maintenance offering. This access to shared resources
is expected to provide opportunity for improved utilization and efficiency, especially in a tightening marketplace.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Transaction is expected to provide
NACG with approximately 20% of incremental and diversified revenue, based on the consensus of research analysts&rsquo; estimates
for 2019. Nuna&rsquo;s asset light business model will result in accretive EBITDA, free cash flow and earnings, even before meaningful
synergies. NACG will play an active role in the leadership of Nuna and so anticipates the synergies to be fully realized well within
two years from closing of the transaction, which is likely to occur early in the upcoming fourth quarter. The Purchase Price implies
a transaction multiple of 1.0 x tangible book value and will be fully financed using NACG&rsquo;s existing credit facility. The
purchase price is subject to customary closing adjustments based on shareholders&rsquo; equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Advisors and Counsel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">National Bank Financial Inc. is acting
as financial advisor to NACG and Raymond James is acting in the same capacity for the vendors. Borden Ladner Gervais LLP is acting
as legal counsel to NACG.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Conference Call and Webcast</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management will hold a conference call
and webcast to discuss the transaction on September 21<SUP>st</SUP>, 2018 at 9:00 am Eastern time (7:00 am Mountain time).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The call can be accessed by dialing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Toll free: 1-866-521-4909</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">International: 1-647-427-2311</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The slide deck summarizing the transaction
can be accessed at:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">http://nacg.ca/presentations/</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A replay will be available through October
21<SUP>st</SUP>, 2018, by dialing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Toll Free: 1-800-585-8367</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">International: 1-416-621-4642</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Conference ID: 7581509</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The live and archived webcast can be accessed
at:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">http://event.on24.com/r.htm?e=1839761&amp;s=1&amp;k=C601B5F5DA735D7035F458D01820000B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This release contains forward-looking information
that is based on expectations and estimates as of the date of this release. Forward-looking information is information that is
subject to known and unknown risks and other factors that may cause future actions, conditions or events to differ materially from
the anticipated actions, conditions or events expressed or implied by such forward-looking information. The forward-looking information
in this release include statements with respect to the expected mutual benefit to both NACG and Nuna through access to broader
equipment fleets, experienced field personnel, and expanded services; the expected opportunity for improved utilization and efficiency,
the amount of incremental and diversified revenue; the accretion to EBITDA, free cash flow and earnings; the timing of realization
of synergies; and the timing of the closing. There can be no assurance that forward-looking information will prove to be accurate,
as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers
should not place undue reliance on forward-looking information. The risks and uncertainties that may affect forward-looking statements
include, among others: impact of the global economy; the performance of the market sectors that Nuna and NACG serve; project delays
due to weather related conditions; the possibility that this acquisition is not integrated as quickly or effectively as planned
or expected and, as a result, anticipated benefits, enhancements and synergies are not realized; the possibility that Nuna&rsquo;s
business does not perform as expected; NACG&rsquo;s inability to close the acquisition, or delays in closing it, resulting from
failure or delays in relation to satisfying conditions of closing or other unanticipated factors; and other risks detailed from
time to time in NACG&rsquo;s filings with securities regulatory authorities. Forward-looking statements are based on management's
current plans, estimates, projections, beliefs and opinions, and other than as required by applicable securities laws, NACG does
not undertake any obligation to update forward-looking statements should assumptions related to these plans, estimates, projections,
beliefs and opinions change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Non-GAAP Financial Measures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A non-GAAP financial measure is generally
defined by the Canadian regulatory authorities as one that purports to measure historical or future financial performance, financial
position or cash flows, but excludes or includes amounts that would not be adjusted in the most comparable GAAP measures. EBITDA
is a non-GAAP financial measure. This term does not have any standardized meanings prescribed within GAAP and therefore may not
be comparable to similar measures presented by other companies. This measure should not be considered in isolation or as a substitute
for measures of performance prepared in accordance with GAAP. EBITDA is defined as is defined as net income (loss) before interest
expense, income taxes, depreciation and amortization. NACG believes that EBITDA is a meaningful measure of business performance.
For a further discussion of EBITDA and a reconciliation to net income (loss), please refer to NACG&rsquo;s most recent Management&rsquo;s
Discussion &amp; Analysis filed with securities regulatory authorities. Free Cash Flow is defined as cash from operations less
cash used in investing activities (excluding cash used for growth capital expenditures and cash used for/provided by acquisitions).
NACG believes that Free Cash Flow is a relevant measure of cash available to service NACG&rsquo;s Total Debt repayment commitments,
pay dividends, fund share purchases and fund both growth capital expenditures and potential strategic initiatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Nuna</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nuna Logistics Limited (www.nunalogistics.com)
has been in business for 25 years and is a civil construction and contract mining company based in Edmonton, Alberta, Canada. The
Nuna Group of Companies comprises almost 40 entities, ventures, and partnerships, which provide a wide range of construction related
services with over 500 pieces of equipment and a peak workforce of around 600 people.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About NACG</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">North American Construction Group Ltd.
(www.nacg.ca) is the premier provider of heavy construction and mining services in Canada. For more than 60 years, NACG has provided
services to large oil, natural gas and resource companies. The Company maintains one of the largest equipment fleets in the region.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For further information contact:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">David Brunetta, CPA, CMA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Director; Investor Relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">North American Construction Group Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(780) 969-5574</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">dbrunetta@nacg.ca</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>



<P STYLE="margin: 0"></P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;<IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>NEWS RELEASE</B></P>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0; text-align: center"><B>NORTH AMERICAN CONSTRUCTION
GROUP ANNOUNCES EXPANSION OF HEAVY CONSTRUCTION FLEET VIA AN ATTRACTIVE ACQUISITION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify"><B>Acheson, Alberta, October
3, 2018</B> - North American Construction Group Ltd. (&ldquo;NACG&rdquo; or &ldquo;the Company&rdquo;) (TSX:NOA.TO/NYSE:NOA) today
announced that it has entered into a definitive purchase and sale agreement to acquire the heavy construction equipment fleet and
related assets of Aecon Group Inc. for $199.1 million in cash (the &ldquo;Transaction&rdquo;), subject to customary closing adjustments.
A $10 million deposit was paid upon signing the agreement, which will be credited towards the purchase price on closing. The balance
of the price will be paid in four instalments with the first instalment of $153.6 million due at closing and the following three
instalments of $11.8 million each being paid six, twelve and eighteen months following closing. In NACG&rsquo;s determination,
the purchase price is consistent with the book value of comparable property and equipment already owned by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&ldquo;During the recent severe
cyclical downturn in the oil industry we worked extremely hard to be part of the solution to help lower the operating costs of
our customers on oil-sands mines,&rdquo; said Martin Ferron, Chairman and CEO of NACG. &ldquo;We achieved this by maximizing the
uptime and operability of our equipment fleet through innovative maintenance practices and work methodologies. We are therefore
now pleased to better serve our customers by applying the same innovations to an expanded fleet, at a time when they are striving
to maximize production and efficiency on each mine.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&ldquo;The transaction is expected
to provide NACG with over $220 million of additional annual revenue capability which we anticipate will soon be underpinned by
term contracts with multiple customers,&rdquo; added Mr. Ferron. &ldquo;Largely because we already have much of the indirect cost
structure in place to support the incremental activity, we expect the transaction to be accretive to EBITDA, free cash flow and
earnings. In particular, we anticipate 2019 basic earnings per share could exceed $1.60, subject to the transaction closing by
the end of 2018.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">The Transaction involves the
purchase of Aecon&rsquo;s fleet of heavy earth-moving assets, together with lighter construction assets, support equipment and
maintenance facilities. Additionally, existing contractual commitments will be assigned to NACG, subject to customer and partner
consents.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">The Transaction will be fully
financed at closing through an upsized and extended credit facility with NACG&rsquo;s existing lenders, led by National Bank Financial
Inc. Given the strong addition to free cash flow from this Transaction, as well as the Company&rsquo;s previously announced acquisition
of an ownership interest in Nuna Logistics Limited, NACG intends to use operational cash flow to de-lever its balance sheet by
around $150 million over the next three years, while still having sufficient cash flow to apply to other growth initiatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Since 1953 <FONT STYLE="color: #C00000">&bull;
</FONT>Heavy Construction &amp; Mining</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Red 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">26550 Acheson
Road Acheson, Alberta T7X 6B2 Canada Phone 780.960.7171 Fax 780.969.5599</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">www.nacg.ca&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0; text-align: justify"><B>Forward Looking Information</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">This release contains forward-looking
information that is based on expectations and estimates as of the date of this release. Forward-looking information is information
that is subject to known and unknown risks and other factors that may cause future actions, conditions or events to differ materially
from the anticipated actions, conditions or events expressed or implied by such forward-looking information. The forward looking
information in this release include statements with respect to the expected level of additional annual revenue capability provided
by the equipment acquisition; the expected term contracts with multiple customers that could be entered into based on this additional
equipment capability; the expected accretion to EBITDA, free cash flow and earnings, and the anticipated 2019 basic earnings per
share possibly exceeding $1.60; the timing of the closing; and the expected de-levering our balance sheet by approximately $150
million over the next three years. There can be no assurance that forward-looking information will prove to be accurate, as actual
results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should
not place undue reliance on forward-looking information. The risks and uncertainties that may affect forward-looking statements
include, among others: impact of the global economy; project delays due to weather related conditions; the possibility that equipment
is of a quality that we expect; our inability to close the acquisition, or delays in closing it, resulting from failure or delays
in relation to satisfying conditions of closing or other unanticipated factors; and other risks detailed from time to time in NACG&rsquo;s
filings with securities regulatory authorities. Forward-looking statements are based on management's current plans, estimates,
projections, beliefs and opinions, and other than as required by applicable securities laws, NACG does not undertake any obligation
to update forward-looking statements should assumptions related to these plans, estimates, projections, beliefs and opinions change.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify"><B>Non-GAAP Financial Measures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">A non-GAAP financial measure
is generally defined by the Canadian regulatory authorities as one that purports to measure historical or future financial performance,
financial position or cash flows, but excludes or includes amounts that would not be adjusted in the most comparable GAAP measures.
EBITDA is a non-GAAP financial measure. This term does not have any standardized meanings prescribed within GAAP and therefore
may not be comparable to similar measures presented by other companies. This measure should not be considered in isolation or as
a substitute for measures of performance prepared in accordance with GAAP. EBITDA is defined as is defined as net income (loss)
before interest expense, income taxes, depreciation and amortization. We believe that EBITDA is a meaningful measure of business
performance. For a further discussion of EBITDA and a reconciliation to net income (loss), please refer to our most recent Management&rsquo;s
Discussion &amp; Analysis filed with securities regulatory authorities. Free Cash Flow (&ldquo;FCF&rdquo;) is defined as cash from
operations less cash used in investing activities (excluding cash used for growth capital expenditures and cash used for/provided
by acquisitions). FCF is a relevant measure of cash available to service NACG&rsquo;s Total Debt repayment commitments, pay dividends
and fund working capital needs and share purchases. In addition, FCF is available to fund both growth capital expenditures and
potential strategic initiatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0; text-align: justify"></P>

<P STYLE="margin: 0"><IMG SRC="logo.jpg" ALT=""></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>NEWS RELEASE</B></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0"><B>About the Company</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.3pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0; text-align: justify">North American Construction
Group Ltd. (www.nacg.ca) is a premier provider of heavy construction and mining services in Canada. For more than 60 years, NACG
has provided services to large oil, natural gas and resource companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.4pt 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">For further information, please contact:&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">David Brunetta, CPA, CMA<BR>
Director, Investor Relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">North American Construction Group Ltd.<BR>
Phone: (780) 969-5574<BR>
Email: dbrunetta@nacg.ca</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 22.5pt 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Since 1953 <FONT STYLE="color: #C00000">&bull;
</FONT>Heavy Construction &amp; Mining</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Red 1pt solid; width: 50%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">26550 Acheson
Road Acheson, Alberta T7X 6B2 Canada Phone 780.960.7171 Fax 780.969.5599</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">www.nacg.ca&nbsp;</P>


<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
