Trican Well Services: In Talks to Sell US Pressure Pumping Business to the Keane Group

Trican Well Service Ltd. announces that it is in negotiations with Keane Group, a privately-held, U.S. based well completion services company (the “Purchaser”) for the sale of Trican’s United States pressure pumping business.

Although talks are progressing, significant terms and conditions are still under negotiation. Accordingly, there can be no guarantee that the Company will conclude this transaction. Further, the timing of completion of any such transaction remains uncertain. Based upon the terms and conditions currently being discussed, management believes the offered price represents fair value for this business and that the sale of this business would be in the best interest of shareholders if acceptable terms and conditions can be negotiated.

Trican will not be providing any further public statement regarding this transaction until a definitive agreement has been executed or the negotiations have been abandoned.