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Churchill's General Contracting Segment Awarded $158 million of New Contracts in British Columbia and Manitoba

Six Bentall Centre in Vancouver and Tache Hall in Winnipeg

CALGARY, Aug. 30, 2011 /CNW/ - The Churchill Corporation (TSX: CUQ) (TSX: CUQ.DB) ("Churchill" or the "Corporation") today reported that Stuart Olson Dominion Construction Ltd. ("Stuart Olson Dominion"), its general contracting segment, has been awarded two significant new contracts by private and public sector clients In British Columbia and Manitoba.

In British Columbia, Stuart Olson Dominion has been awarded a construction contract, valued at $98 million, for construction of 745 Thurlow,  a 25-storey, 400,000 square foot, office tower, which includes a three-storey podium of retail and services use and six floor below-grade parking structure located at 745 Thurlow Street, Vancouver. This will be a sustainable building targeting LEED® Gold certification. Construction is expected to begin March 2012 and completion is scheduled for April 2015. The developer of the building is BentallKennedy on behalf of The British Columbia Investment Management Corporation.

Stuart Olson Dominion has also been appointed construction manager of a project, budgeted at $60 million, for renovation and construction of the Tache Hall Music, Art and Theatre Complex for the University of Manitoba. This project is a 220,000 square foot complex that includes the renovation of Tache Hall (a four-storey, 130,000 square foot, 100 year-old building); the demolition of the interior Tache Hall wings and gymnasiums; and a new two-storey, 90,000 square foot, auditorium/music rehearsal addition on Tache Hall's south-west side. All new construction will be designed to attain a LEED® Silver certification. Construction is expected to begin October 2011 and completion is scheduled for July 2014.

"Stuart Olson Dominion continues to secure significant new awards which provide excellent visibility to our construction revenues in 2012 and beyond," said Jim Houck, Churchill's CEO. "The Western Canadian commercial and institutional construction market continues to yield quality projects for experienced, proven contractors such as Stuart Olson Dominion."

About The Churchill Corporation
The Churchill Corporation provides building construction, commercial and industrial electrical contracting, earthmoving and industrial insulation services to an array of public and private sector clients. Churchill operates office locations throughout British Columbia, Alberta, Saskatchewan, Manitoba, northwest Ontario and the Yukon. Churchill common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols "CUQ" and "CUQ.DB", respectively.

Forward Looking Information
Certain statements in this Press Release may constitute "forward-looking statements". Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes, plans and objectives of the Corporation. Many of these statements can be identified by looking for words such as "believes," "expects," "may," "will," "intends," "anticipates," "estimates," "continues," or the negative thereof, or other variations thereon. Although management of Churchill believes its expectations regarding future performance of the Corporation, including its revenue and earnings and the future performance of its operating subsidiaries, are based on currently available competitive, financial and economic data, market conditions and operating plans, it can give no assurance its expectations will be achieved. Forward-looking statements relating to future acquisitions are based on management's expectations relating to the Corporation's ability to identify potential acquisition targets and its ability to successfully initiate and consummate the acquisition of such targets. Management's expectations relating to acquisitions are based on management's expectations relating to the Corporation's ability to finance acquisitions and the Corporation's track record in identifying and successfully completing acquisitions. The Corporation cautions that, by their nature, forward-looking statements, involve risks, and uncertainties and that its actual actions, and/or results could differ materially from those expressed or implied in such forward-looking statements, and that the aforementioned risks, uncertainties and actions could affect the extent to which a particular projection materializes. The Corporation assumes no obligation to update the forward-looking statements should circumstances or the Corporation's management's estimates or opinions change, except as may be required by law. 

For further information:
Andrew Apedoe
Vice President Investor Relations & Secretary
The Churchill Corporation
(403) 685-7775
Ken Wetherell, CFA
Director, Investor Relations
The Churchill Corporation
(403) 685-7776