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New Acting President and GM at Candu Energy Inc.

 Mississauga, ON – December 10, 2012 – Candu Energy Inc. announces that Kevin Wallace, formerly President and General Manager, has left the company.

 Phil Guselle, who has 35 years of experience including 10 in the nuclear industry, will be assuming the role of Acting President and General Manager until a new president is appointed by the Company’s board of directors. Mr. Guselle has a Chemical Engineering degree from the University of Toronto and a Masters in Business Administration from the Schulich School of Business (York University).

 About Candu Energy Inc.

Candu Energy Inc. is a leading full-service nuclear technology company providing nuclear power reactors and nuclear products and services to customers worldwide. Candu’s 1,400 highly skilled employees design and deliver state-of-the-art CANDU® reactors, carry out life extension projects, provide plant life management programs and tools, and offer operation and maintenance services for existing nuclear power stations.

 Candu is a wholly-owned subsidiary of SNC-Lavalin Group Inc. (TSX: SNC). For more information, visit www.candu.com.

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Contact:

Katherine Ward

Candu Energy Inc.

candu.com

905-823-9040 ext. 37349