Leader Energy Services Ltd.

Leader Energy Services Ltd.

June 11, 2009 14:09 ET

Leader Energy Services Closes Sale of Michigan Property

CALGARY, ALBERTA--(Marketwire - June 11, 2009) - Leader Energy Services Ltd. (TSX VENTURE:LEE) ("Leader" or the "Company") today announced it has closed the sale of its facility and property located in Mt. Pleasant, Michigan to Key Energy Pressure Pumping Services, LLC, a wholly owned subsidiary of Key Energy Services, Inc. ("Key"). Proceeds, net of related costs, in the amount of US$1,225,000 were received by Leader from Key with respect to this sale.

Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", "likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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