Leader Energy Services Pays Down $6.1 Million in Debt

Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA) is
pleased to announce that it has provided notice to its secured debt holder that
it will be making a $6.1 million principal payment next week. The terms of the
debt facility allow pre-payments without penalty. After this payment of the net
proceeds from the bought-deal financing which closed earlier this week, the
total principal amount owing on this debt facility will be $8.9 million. This
debt reduction will save Leader approximately $730,000 in cash interest per
year. 


Leader Energy Services Ltd. provides well stimulation services in western
Canada. Further information on Leader can be found under the Company's listing
at www.sedar.com and on the Company's website at www.leaderenergy.com.


Forward-looking Information

This press release contains certain statements or disclosures relating to the
Company that are based on the expectations of the Company as well as assumptions
made by and information currently available to the Company which may constitute
forward-looking information under applicable securities laws. All such
statements and disclosures, other than those of historical fact, which address
activities, events, outcomes, results or developments that the Company
anticipates or expects may, or will occur in the future (in whole or in part)
should be considered forward-looking information.

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