North American Energy Partners Inc. Announces Completion of $60 Million Bought Deal Secondary Offering

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED
HEREIN


North American Energy Partners Inc. ("NAEP" or the "Company")
(TSX:NOA)(NYSE:NOA), announced today that HGI Funding LLC ("HGI Funding") and
Front Street Re (Cayman) Ltd ("Front Street" and together with HGI Funding, the
"Selling Shareholders") completed the previously announced bought deal secondary
offering of an aggregate of 7,032,322 common shares of the Company ("Common
Shares") of which 1,486,036 Common Shares were sold by HGI Funding and 5,546,286
Common Shares were sold by Front Street at a price of Cdn$8.55 per Common Share
for aggregate gross proceeds to the Selling Shareholders of $60,126,353. 


The secondary offering was led by GMP Securities L.P., as lead underwriter, with
a syndicate that included Dundee Securities Ltd., BMO Capital Markets and
Raymond James Ltd. 


NAEP did not receive any proceeds from the offering. Immediately following
closing, the Selling Shareholders no longer own any Common Shares of the
Company.


About the Company 

North American Energy Partners Inc. (www.naepi.ca) is one of the largest
providers of heavy construction and mining services in Western Canada. For more
than 50 years, NAEP has provided services to large oil, natural gas and resource
companies, with a principal focus on the Canadian Oil Sands. The company
maintains one of the largest independently owned equipment fleets in the region.



For more complete information about us you should read our disclosure documents
that we have filed with the SEC and the CSA. You may obtain these documents for
free by visiting EDGAR on the SEC website at www.sec.gov, on the CSA website at
www.sedar.com or on the Company's website at www.naepi.ca.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Brunetta, CMA
Senior Financial Manager, Investor Relations
North American Energy Partners Inc.
Office: (780) 969-5574
Email: dbrunetta@nacg.ca

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