Ceiba Energy Services Announces Filing of Final Short Form Prospectus in Connection With April 2014 Special Warrant Financing

CALGARY, ALBERTA--(Marketwired - July 24, 2014) -

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Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) is pleased to announce that the Company has filed and received a receipt (the "Receipt") for a final short form prospectus (the "Final Prospectus") qualifying the distribution of the common shares in the capital of Ceiba (the "Common Shares") which are issuable upon the exercise of the special warrants ("Special Warrants") issued pursuant to a bought deal private placement (the "Special Warrant Offering") with a syndicate of underwriters led by Clarus Securities Inc. and including Canaccord Genuity Corp., Scotia Capital Inc. and Jennings Capital Inc. which closed on April 15, 2014. The Final Prospectus was filed with securities regulators in each of the provinces of Alberta, British Columbia, Manitoba and Ontario.

Pursuant to the Special Warrant Offering, Ceiba issued 21,390,000 Special Warrants at a price of $0.43 per Special Warrant for aggregate gross proceeds of $9,197,700. Each Special Warrant will be deemed to be exercised today at 4:30 p.m. (Calgary time), being the date on which the Receipt was obtained by the Company and the Common Shares will be issued to holders of the Special Warrants as soon as practicable thereafter. Following the exercise of the Special Warrants, there will be 123,313,327 Common Shares outstanding.

About Ceiba Energy Services Inc.

Ceiba provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in Western Canada. Ceiba develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage and marketing of oil and disposal of production water.

Reader Advisory

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

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 the accuracy of this release.

Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Ceiba and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications to statements made by Ceiba. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Ceiba does not intend and undertakes no obligation to update these forward-looking statements, except as required under applicable securities laws.

Ceiba Energy Services Inc.