Fort St. John, B.C. - March 2, 2012 FOR IMMEDIATE RELEASE MACRO ENTERPRISES INC. ANNOUNCES 2011 FOURTH QUARTER AND YEAR END RESULTS Summary of financial results (thousands of dollars except per share amounts) Revenues EBITDA1 Net earnings Net earnings per share Weighted average common shares outstanding (thousands) Highlights

• Revenues increased substantially from same period last year due to additional work obtained on pipeline and facility projects.

• EBITDA1 of $4.2 million was generated in the quarter due to the much higher levels of activity.

Note 1 - References to EBITDA are to net income from continuing operations before interest, taxes, amortization and impairment charge. EBITDA is not an earnings measure recognized by International Financial Reporting Standards ("IFRS") and does not have a standardized meaning prescribed by IFRS. Management believes that EBITDA is an appropriate measure in evaluating the Company's performance. Readers are cautioned that EBITDA should not be construed as an alternative to net income (as determined under IFRA) as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) as a measure of liquidity and cash flow. The Company's method of calculating EBITDA may differ from the methods used by other issuers and, accordingly, the Company's EBITDA may not be comparable to similar measures used by other issuers.

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Fourth quarter results

Consolidated revenue was $33.0 million compared to $12.7 million in the fourth quarter last year. During the fourth quarter this year, the Company continued to work on a compressor move and re- installation for one customer and began a second similar project for the same customer. Work also commenced on a pipeline project for a new customer. In addition, work continued on a large piping and related facilities contract for another customer in NE B.C. The Company also completed some smaller projects for other customers. Last year the Company worked on several smaller projects.
Operating expenses were 82.8% of revenue in the quarter compared to 77.4% in the same quarter last year. This percentage decreased from last year due to the mix of jobs but the percentage this year is in line with our year-to-date experience.
General and administrative expenses were $1.3 million, up from $0.9 million last year. Additional costs continued to be incurred due to the substantially higher levels of activity this year.
Total amortization expense was $1.3 million compared to $0.9 million in the prior period. Amortization increased due to the substantially higher level of capital assets now owned by the Company in order to support the increased activity levels.
Net finance costs of $0.2 million were approximately the same as last year.
Income tax expense in the quarter of $0.6 million was at an effective tax rate of 20.9%. On a year-to- date basis, the effective tax rate is 26.4%, in line with statutory rates.
Net earnings were $2.1 million ($0.08 per share) compared to $0.8 million ($0.01 per share)

Outlook

The Company is expecting a strong first quarter although revenues are expected to be below that recorded in the first quarter last year. The Company continues to actively bid new jobs. The
continued low price of natural gas could affect future levels of activity in the areas where the company is active.
Macro's core business is providing pipeline and facilities construction and maintenance services to major companies in the oil and gas industry in northeastern B.C. and northwestern Alberta. The Company's corporate office is in Calgary, Alberta. Its shares are listed on the TSX Venture Exchange under the symbol MCR. Information on the Company's principal operating unit, Macro Industries Inc., can be found at www.macroindustries.ca

Forward Looking Statements

Certain statements in this news release may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements regarding expected revenues, expenses and industry trends and the pursuit of strategic acquisitions. These risks and uncertainties include, but are not restricted to, global economic conditions, government regulation of energy and resource companies, seasonal weather patterns, maintaining and increasing market share, terrorist activity, the price and availability of alternative fuels, the availability of pipeline capacity, and potential instability or armed conflict in oil producing regions. These risks and uncertainties may cause actual

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results to differ from information contained herein. There can be no assurance that such forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
For further information please contact:
Frank Miles T. Jerrold Jackson
President and C.E.O. C.F.O.
Phone: (250) 785-0033 (403) 705-7302

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