Canadian Energy Services & Technology Corp. Announces Acquisition of Mega Fluids Mid-Continent, LLC

NOT FOR DISSEMINATION INTO THE UNITED STATES OF AMERICA OR DISTRIBUTION TO U.S.

Canadian Energy Services & Technology Corp. ("CES" or the "Company") (TSX:CEU)
(OTCQX:CESDF) is pleased to announce that its wholly-owned indirect US
subsidiary, AES Drilling Fluids, LLC ("AES"), has acquired the drilling fluids
business assets (the "Acquisition") of Mega Fluids Mid-Continent, LLC ("Mega
Mid-Continent"). Established in 2007, Mega Mid-Continent is an Oklahoma-based
private drilling fluids company that provides drilling fluid solutions for a
number of leading oil and natural gas companies with a focus on the growing
Mississippi Lime oil play.


"We are acquiring a growing mid-continent drilling fluids company, with great
customers, and excellent drilling fluids sales, technical and field personnel,"
said Tom Simons, President and CEO of CES. "A big driver for us in making this
transaction was the leadership of Mega Mid-Continent, Jason Francis and Bryan
Coy. We are very pleased to have them join our AES team and lead our operations
in the mid-continent." 


"We are excited to be joining AES and being part of CES, the leading independent
drilling fluids company in North America," said Jason Francis, President of Mega
Mid-Continent. "Our team is excited to integrate into AES' operations in an
expedient fashion, and work together to grow the business." 


Strategic Rationale of the Acquisition 

Successful completion of the Acquisition is expected to strengthen CES' position
as the leading independent North American drilling fluids provider. 


The Acquisition expands the scale and operational capabilities of AES within the
US market and places AES as a leader in the emerging Mississippi Lime oil play.


At closing Mega Mid-Continent was providing drilling fluids products and
services to sixteen active drilling rigs. 


AES will add Mega Mid-Continent's key field, technical and sales focused
drilling fluids employees, expanding AES' capabilities to effectively reach and
service customers.


Management of CES expects the Acquisition to be accretive to CES' cash flow;
earnings before interest, taxes, depreciation and amortization ("EBITDA"); and
net income.


About Canadian Energy Services & Technology Corp.

CES' business is focused on the design and delivery of technically advanced
fluids for the North American oil and gas industry. CES' business model requires
limited re-investment capital to grow. As a result, CES has been able to
capitalize on the growing market demand for drilling and production fluids in
North America while generating free cash flow. CES returns much of this free
cash flow back to shareholders through its monthly dividend. Additional
information about CES is available at www.sedar.com or at CES' website at
www.CanadianEnergyServices.com.


Mega Fluids Mid-Continent, LLC

Mega Fluids Mid-Continent, LLC is headquartered in Edmond, Oklahoma, and is a
leading independent full-service drilling fluids company in the US mid-continent
region. Mega Mid-Continent was established in 2007 and provides drilling fluid
solutions for a number of leading oil, natural gas, and unconventional natural
gas developers operating primarily in Kansas, Texas and Oklahoma. Mega
Mid-Continent employees and management have extensive experience and have built
the business with a focus on continued profitability and revenue growth. The
company has a strong customer base of over thirty different clients and proven
technical capabilities in delivering high quality drilling fluid products and
services. 


Non-GAAP Measure

CES uses certain performance measures that are not recognizable under
International Financial Reporting Standards ("IFRS"). These performance measures
include EBITDA. Management believes that this measure provides supplemental
financial information that is useful in the evaluation of CES' operations.
Readers should be cautioned, however, that these measures should not be
construed as alternatives to measures determined in accordance with IFRS as an
indicator of CES' performance. CES' method of calculating these measures may
differ from that of other organizations and, accordingly, these may not be
comparable.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of
historical facts. Forward-looking information involves risks, uncertainties and
other factors that could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such
forward-looking information. Forward-looking information in this news release
includes statements with respect to the Company's plans to integrate AES with
the operations of CES and management of CES' expectation of the effect of the
Acquisition on CES' cash flow, EBITDA and net income. Material assumptions and
factors that could cause actual results to differ materially from such
forward-looking information include the successful integration of AES employees
and customers with CES. Although the Company believes that the material
assumptions and factors used in preparing the forward-looking information in
this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no
assurance can be given that such events will occur. The Company disclaims any
intention or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise, other than
as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Energy Services & Technology Corp.
Tom Simons
President and Chief Executive Officer
(403) 269-2800


Canadian Energy Services & Technology Corp.
Craig F. Nieboer, CA
Chief Financial Officer
(403) 269-2800
info@ceslp.ca
www.CanadianEnergyServices.com
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