Leader Energy Services Provides Update on Credit Facility and Board of Directors

Leader Energy Services Ltd. (TSX VENTURE:LEA) ("Leader" or the "Company")
announced that it has received approval from its current lender to increase its
Asset-Based Credit Facility by $1.0 million through the addition of a demand
non-revolving single advance loan. This loan has an interest rate of 24% and is
repayable on January 31, 2014. The Company also received approval to change its
weekly borrowing base formula to increase the availability of its accounts
receivable under the demand revolving facility. Additionally, Leader made the
request to extend the term of its demand revolving facility and its demand
non-revolving term loan for an additional six month period to September 6, 2014
which was also accepted by the lender.


All other terms of the Asset-Based Credit Facility remain in place including an
interest rate of 18% for both the demand revolving facility and the demand
non-revolving term loan.


Leader also noted that Mohamed El Alem is no longer a director of the Company
for personal reasons. The Board thanks Mr. El Alem for his 10 years of service
to the Company and wishes him well.


Leader 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. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rod Hauser
President & CEO
T: (403) 265-5400
r.hauser@leaderenergy.com


Jason Krueger, CFA
Executive VP & Director
T: (403) 265-5400
j.krueger@leaderenergy.com


Graham Reid, CA
VP Finance & CFO
T: (403) 265-5400
g.reid@leaderenergy.com

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