Article: ShawCor Ltd. announces signing of Memorandum of Understanding with Northern Transportation Company Limited and Naegha Zhia Inc.

(TSX: SCL.A, SCL.B)

ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced that its subsidiary, Shaw Pipe Protection Ltd., has signed a Memorandum of Understanding with both Northern Transportation Company Limited (NTCL), a member of the Norterra Group of Companies and Naegha Zhia Inc., a Katlodeeche First Nation (Hay River Dene Band) holding and operating company.

Shaw Pipe Protection Ltd., Northern Transportation Company Limited and Naegha Zhia Inc. will jointly pursue long-term business opportunities in the Northwest Territories. These opportunities will initially be focused on the provision of pipe coating services for the Mackenzie Gas Project.

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