Aveda Transporation and Energy Services Announces Signing of Definitive Agreement to Acquire Precision Drilling's U.S. Rig Mo...

Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX
VENTURE:AVE), a leading provider of oilfield hauling services and equipment
rentals to the energy industry, today announced that, through its operating
subsidiary in the U.S., it has signed an asset purchase agreement to acquire
Precision Drilling Corporation's ("Precision") U.S. rig moving assets (the
"Acquisition"). Aveda expects to acquire rig moving equipment, including
bed/tandem trucks, tractors, trailers, loaders and cranes, for total
consideration of US$24.0 million.


Selected assets being acquired include:



----------------------------------------------------------------------------
                                                  Total Number              
                                          Number    in Aveda's    Percentage
                      # of Pieces   Currently in    U.S. Fleet   Increase in
                         from the   Aveda's U.S.          Post  Aveda's U.S.
Equipment Type        Acquisition          Fleet   Acquisition         Fleet
----------------------------------------------------------------------------
Bed/Tandem Trucks              13             34            47           38%
----------------------------------------------------------------------------
Winch/Conventional                                                          
 Tractors                      59             93           152           63%
----------------------------------------------------------------------------
Trailers                       69            211           280           33%
----------------------------------------------------------------------------
Cranes                         12              6            18          200%
----------------------------------------------------------------------------



"This is a very exciting time for Aveda. Through this transaction we are
acquiring a modern and well maintained fleet that shares the same specifications
and equipment configuration as our current U.S. assets," said Kevin Roycraft,
President and CEO of Aveda. "This will support a smooth integration into our
operations and drive utilization. It also strengthens our relationship with
Precision and we look forward to working with Precision on internal and customer
rig moves in the future. Strategically, this will further reduce Aveda's
reliance on third-party equipment suppliers, helping to improve margins, and
allow us to allocate equipment to both current and new operating areas to take
advantage of high activity levels and further growth opportunities in certain
regions."


Subject to customary documentation and approvals, the Company expects to close
the Acquisition on July 1, 2014. Aveda expects these assets to be deployed
sometime in the third quarter of 2014. A significant portion of Aveda's 2014
capital expenditure budget is being allocated to the acquisition. Management
intends to increase planned capital expenditures for 2014 with an eye to funding
additional growth initiatives and reducing the Company's third party costs.


About Aveda Transportation and Energy Services

Aveda provides specialized transportation services and equipment required for
the exploration, development and production of petroleum resources in the
Western Canadian Sedimentary Basin and in the United States of America
principally in and around the states of Texas, Pennsylvania and North Dakota.
Transportation services include both the equipment necessary to move the load as
well as a trained, professional driver capable of securing, moving and
manipulating the load at its origin and destination. Aveda's rental operations
include the rental of tanks, mats, pickers, light towers and other equipment
necessary for oilfield operations.


Aveda was incorporated in 1994 as a private company to serve the oil and gas
industry. In the spring of 2006 the Company went public on the TSX Venture
Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Leduc, AB,
Sylvan Lake, AB, Edson, AB, Mineral Wells, TX, Pleasanton, TX, Midland, TX,
Williamsport, PA, Williston, ND, and Buckhannon, WV. Aveda is publicly traded on
the TSX Venture Exchange under the symbol AVE. For more information on Aveda
please visit www.avedaenergy.com.


This News Release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "anticipate", "achieve", "could",
"believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate",
"outlook", "expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. In particular, this
News Release contains forward-looking statements relating to: demand for the
Company's services and general industry activity level; the Company's growth
opportunities; and expectation to maintain revenue and equipment utilization.
Aveda believes the expectations reflected in such forward-looking statements are
reasonable as of the date hereof but no assurance can be given that these
expectations will prove to be correct and such forward-looking statements should
not be unduly relied upon.


Various material factors and assumptions are typically applied in drawing
conclusions or making the forecasts or projections set out in forward-looking
statements. Those material factors and assumptions are based on information
currently available to Aveda, including information obtained from third party
industry analysts and other third party sources. In some instances, material
assumptions and material factors are presented elsewhere in this News Release in
connection with the forward-looking statements. Readers are cautioned that the
following list of material factors and assumptions is not exhaustive. Specific
material factors and assumptions include, but are not limited to:




--  the completion of the Acquisition; 
--  the performance of Aveda's businesses, including the Acquisition assets,
    current business and economic trends; 
--  oil and natural gas commodity prices and production levels; 
--  capital expenditure programs and other expenditures by Aveda and its
    customers; 
--  the ability of Aveda to retain and hire qualified personnel; 
--  the ability of Aveda to obtain parts, consumables, equipment,
    technology, and supplies in a timely manner to carry out its activities;
--  the ability of Aveda to maintain good working relationships with key
    suppliers; 
--  the ability of Aveda to market its services successfully to existing and
    new customers; 
--  the ability of Aveda to obtain timely financing on acceptable terms; 
--  currency exchange and interest rates; 
--  risks associated with foreign operations; 
--  changes under governmental regulatory regimes and tax, environmental and
    other laws in Canada and the United States; and 
--  a stable competitive environment.



Forward-looking statements are not a guarantee of future performance and involve
a number of risks and uncertainties, some of which are described herein. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Aveda's actual performance and financial results
in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements.
These risks and uncertainties include, but are not limited to, the risks
identified in Aveda's annual information form and management discussion and
analysis for the year ended December 31, 2013 (the "MD&A"). Any forward-looking
statements are made as of the date hereof and, except as required by law, Aveda
assumes no obligation to publicly update or revise such statements to reflect
new information, subsequent or otherwise.


Neither 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aveda Transportation and Energy Services Inc.
Bharat Mahajan, CA
Vice President, Finance and Chief Financial Officer
(403) 264-5769
bharat.mahajan@avedaenergy.com
www.avedaenergy.com
Aveda Transportation and Energy (TSXV:AVE)
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