TERRAVEST ANNOUNCES CFO TRANSITION

TORONTO, Oct. 31, 2025 /CNW/ - TerraVest Industries Inc. (TSX: TVK) ("TerraVest") is pleased to announce the appointment of Guillaume Cloutier as Chief Financial Officer. Mr. Cloutier assumes the CFO role from Marilyn Boucher.

"On behalf of the executive team and board of directors I would like to thank Ms. Boucher, who has been an integral part of the team and played an important role in our growth since she joined the company in 2017.  Ms. Boucher has built a solid finance function for TerraVest and we will benefit from that for years to come.  We wish her continued success in her future endeavors." said Dustin Haw CEO of TerraVest.

Mr. Cloutier is a highly accomplished executive with extensive experience in finance, strategy and business transformation. He has held senior leadership positions in several industry-leading manufacturing businesses across North America.

"I would like to welcome Mr. Cloutier to the TerraVest team. He is a dynamic leader with deep expertise in finance and operations and his experience will be invaluable as we continue to grow TerraVest." said Dustin Haw, CEO of TerraVest.

Caution Regarding Forward-Looking Statements

This news release contains forward-looking statements.  All statements other than statements of historical fact contained in this news release are forward-looking statements, including, without limitation, statements regarding our strategic direction and evaluation of the business segments and TerraVest as a whole and the anticipated benefits of the executive appointment. Readers can identify many of these statements by looking for words such as "expects" and "will" or similar terms or variations of these words. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct.

By their nature, forward-looking statements require us to make assumptions and, accordingly, forward-looking statements are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate. We caution readers of this news release not to place undue reliance on our forward-looking statements because a number of factors may cause actual future circumstances, results, conditions, actions or events to differ materially from the plans, expectations, estimates or intentions expressed in the forward-looking statements and the assumptions underlying the forward-looking statements. 

Assumptions and analysis about the performance of TerraVest as a whole and its business segments, the markets in which the business segments compete and the prospects and values of the business segments are considered in setting the business plan for TerraVest, plans and/or ability to pay dividends, outlook for operations, financial position, results and cash flows, other plans and objectives and in making related forward-looking statements. Such assumptions include, without limitation, demand for products and services of the business segments in respect of the Canadian and other markets in which the businesses are active will be stable, and that input costs to business segments do not vary significantly from levels experienced historically. Should any of these factors or assumptions vary, actual results may differ materially from the forward-looking statements.

SOURCE TerraVest Industries Inc.