Cervus Announces Second Quarter 2020 Results, $6 Million Increase in Adjusted Income Before Income Tax(1)

Cervus will host its second quarter 2020 earnings results conference call and webcast on August 13, 2020, at 10:00 a.m. Eastern Time. President and CEO Angela Lekatsas and CFO Adam Lowther will discuss Cervus’ financial and operating results for the quarter ended June 30, 2020, followed by questions from securities analysts and institutional shareholders.

Interested parties may access the conference call by dialling (647) 427-7450 or 1-888-231-8191. Please connect approximately 10 minutes prior to the beginning of the call. The conference call will be archived for replay until Thursday, August 20, 2020, at midnight. To access the archived conference call, dial (416) 849-0833 or 1-855-859-2056 and enter the reservation number 7271827 followed by the number sign.

The webcast of the conference call, which includes a slide presentation may be accessed at:

Please connect approximately 10 minutes prior to the beginning of the call to ensure adequate time for any software download that may be required to join the webcast and view the slides being presented. The webcast will be archived at the above website for 90 days.

Financial Results

All financial information presented in this press release has been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are reported in Canadian dollars. This press release contains only selected financial and operational highlights and should be read in conjunction with Cervus’ unaudited condensed interim consolidated financial statements and related notes and Management’s Discussion and Analysis (“MD&A”), as at and for the three and six month periods ended June 30, 2020, which are available on SEDAR at www.sedar.com[2] and on the Company’s website at www.cervusequipment.com[3]. Additional information is contained in the Company’s filings with Canadian securities regulators, including the 2019 Annual Report and 2019 Annual Information Form, also available on SEDAR and the Company’s website.

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