Lonestar Reports Record Third Quarter & Nine Month Results

Lonestar West Inc. (TSX VENTURE:LSI) announced today that the Company revenues
rose to new highs in the third quarter and nine-month reporting period for
Fiscal 2013. The record revenues were driven by growth in its HVAC and Vacuum
fleet as well as continued expansion into the United States. 


Highlights for the third quarter and nine months of Fiscal 2013 (March 31) include:

Quarterly:



--  Revenues increased 50.6% to $8,776,667 from $5,828,653 in the previous
    year equivalent quarter. 
--  EBITDA increased 22.7% to $1,556,431 compared to $1,268,324 in the
    previous year equivalent quarter. 
--  EBITDA per share remained unchanged at $0.09 for the corresponding
    quarters as a result of the issuance of 2.17 million shares in F2013 for
    gross proceeds of approximately $3 million. Net income before taxes
    increased 17.8% to $1,019,320 in comparison to the $865,106 net income
    before taxes in the previous year equivalent quarter. 
--  Net earnings for the quarter were $762,218 compared to $666,566 in the
    third quarter of F2012. 
--  Earnings per fully diluted share remained unchanged at $0.04 for the
    corresponding third quarters. 
--  Acquisition of PLJ Enterprises LLC an Oilfield Services Company based in
    Oklahoma USA. 



Nine Months:



--  Revenues for the nine months of the current fiscal year rose 53% to
    $21,683,347 compared to $14,176,245 for the first nine months of Fiscal
    2012. 
--  EBITDA increased 50.7% to $3,972,238 compared to $2,635,964 in the first
    nine months of Fiscal 2012. 
--  EBITDA per share increased 33.3% to $0.24 compared to $0.18 in the first
    nine months of Fiscal 2012. 
--  Net income before taxes increased 45% to $2,472,227 compared to
    $1,705,072 for the corresponding nine months of F2012. 
--  Net earnings jumped 25% to $1,895,125 for the first nine months of F2013
    compared to $1,506,532 in the same period of the previous fiscal year, 
--  Earnings per fully diluted share for the nine months of F2013 were $0.11
    compared to $0.10 for the same period of the previous fiscal year. 



The expansion program resulted in a 48.5% increase in fleet size as the Company
grew from 33 units available for work at the end of the third quarter of fiscal
2012 to 49 units available for work at the end of the third quarter of fiscal
2013. As of the date of this report the total units available for work is 51. 


Management estimates that approximately 4 HVACs will be added in the fourth
fiscal quarter and anticipates selling 1 HVAC unit, thereby resulting in
approximately 54 units in the fleet by the end of the fiscal year. 


During the quarter the Company continued its expansion into the United States
through the purchase of all outstanding units in PLJ Enterprises LLC, an
Oklahoma based HVAC and Vacuum services Company. The acquisition will help
mitigate the seasonality that the company experiences in its Canadian operations
and is in line with management's growth strategy. 


President and CEO James Horvath commented "Lonestar West Inc. has continued the
growth trend with increased revenues and EBITDA over the prior year quarters.
Management's focus on managing costs and strategically growing our fleet and
operations both organically and through acquisition has had a positive impact on
our earnings. We are continuing our strategy of reducing the seasonality of our
operations through expansion to the U.S. and growing our fleet and expect this
growth rate will continue into the future." 


About Lonestar West

Based in Sylvan Lake, Alberta, Lonestar West Inc. operates a fleet of 51 HVAC
and Vacuum trucks throughout Western Canada and has recently expanded into
California and Oklahoma. It is focused on profitably growing its HVAC services
to become a major competitor in the North American market.


For more information please visit the Lonestar West website at www.lonestarwest.com 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Lonestar West Inc.
James Horvath
President & CEO
403-887-2074
info@lonestarwest.com
www.lonestarwest.com


The Howard Group Inc.
Investor Relations
Jeff Walker
(888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com
Lonestar West Inc. (TSXV:LSI)
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