Canam Group Inc. renews its common share buyback program



    BOUCHERVILLE, QC, Aug. 6 /CNW Telbec/ - Canam Group Inc. (TSX: CAM) today
announced the renewal of its normal course issuer bid. The Toronto Stock
Exchange (TSX) has accepted the Company's notice of intention to make a normal
course issuer bid pursuant to which it may purchase, when deemed appropriate,
through the facilities of and in accordance with the requirements of the TSX,
up to 3,632,509 of its outstanding common shares, which represents 10% of the
Company's public float. As at July 31, 2009, Canam Group had 45,368,079 issued
and outstanding common shares, of which 36,325,091 were publicly held.
    Pursuant to the notice of intention, common shares may be purchased
during the 12-month period beginning on August 11, 2009 and ending August 10,
2010. In accordance with TSX rules, the Company is entitled to purchase on any
trading day, through the facilities of the TSX, a daily limit of 11,457 common
shares under the Company's common share buyback program. The common shares
purchased by the Company will be cancelled. Canam Group's Board of Directors
believes that the purchase of its common shares would be in the best interests
of Canam Group and its shareholders.
    During the last 12 months, Canam Group has purchased 4,074,706 common
shares at a weighted average price of $6.46 per share under its normal course
issuer bid.

    Canam Group is an industrial company operating 12 plants specialized in
the design and fabrication of construction products and solutions. The company
employs close to 2,600 people in Canada, the United States, Romania and India,
and has partnerships with companies in Saudi Arabia, the United Arab Emirates
and China.




For further information:

For further information: Jasmin Gosselin, Vice President,
Communications, (450) 641-4000, jasmin.gosselin@canamgroup.ws,
www.canamgroup.ws


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