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Stantec Posts Record Earnings in the Third Quarter

"The third quarter of 2005 was one of the most exciting periods for Stantec since I became CEO," says Tony Franceschini, Stantec President & CEO. "We achieved major milestones by listing on the New York Stock Exchange and completing the acquisition of The Keith Companies, the largest in our history. We also recently added two highly respected firms in the building practice, CPV Architects and Keen Engineering, making Stantec a premier sustainable building design firm in North America."

In the third quarter Stantec was awarded a number of contracts that reflect the Company's evolving range of professional services. For example, Stantec has been retained to provide full interior design services for the renovation of a Harley-Davidson retail outlet in Prince George, British Columbia. This is the first assignment in a series of updates and expansions to be completed for Deeley Harley-Davidson Canada for whom Stantec has been appointed a national service provider. In Cornelius, North Carolina, Stantec is preparing the master plan as well as providing architecture, water quality design, buildings engineering, and civil engineering for Cornelius Town Center, a mixed-use community comprising 1,100 residential units and 40 acres of commercial space that will be the city's new downtown.

The Company is also involved in the detailed design and operation monitoring of a sustainable landfill biocell at the Shepard Waste Management Facility in Calgary, Alberta. The Environmental Infrastructure group has designed the biocell to function in a three-phase cycle that maximizes the biodegradation of waste materials, collects and re-circulates leachate, and collects landfill gas for energy recovery. In Vancouver, British Columbia, Stantec's professionals are using a unique sustainable approach in preparing the urban design and site servicing plan for the Southeast False Creek community, the future home of the Athlete's Village for the 2010 Winter Olympics. This is a LEED(R)--targeted project, to be developed on a 36-hectare (80-acre) reclaimed brownfield site near downtown Vancouver.

"Our project activity in this quarter demonstrates Stantec's comprehensive service offering and the diverse expertise of our professionals," adds Franceschini. "I'm proud to lead such a strong network of employees who continue to work as one team to deliver results for our clients and our Company."

The Conference Call to discuss the third quarter results, being held today at 4:00 PM EST (2:00 PM MST), will be broadcast live and archived on Stantec's web site at stantec.com in the Investor Relations section.

Stantec, founded in 1954, provides professional design and consulting services in planning, engineering, architecture, surveying, and project management. We support public and private sector clients in a diverse range of markets, at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through more than 5,500 employees operating out of over 60 locations in North America and the Caribbean. Stantec trades on the Toronto Stock Exchange under the symbol STN and on the New York Stock Exchange under SXC.