Leader Energy Services Ltd.

Leader Energy Services Ltd.

January 26, 2007 08:00 ET

Leader Energy Services Grants Options

CALGARY, ALBERTA--(CCNMatthews - Jan. 26, 2007) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEE) has granted 1,277,500 incentive stock options for the purchase of a total of 1,277,500 common shares in its capital to directors, officers and employees of Leader. A total of 495,000 Incentive options were granted to one director and five executive officers of the Company. The options are exercisable at a price of $1.25 per share, vest over a three-year period and have an expiry date of January 25, 2012.

Leader Energy Services provides well stimulation and cementing services in western Canada and the northeastern United States. Further information on Leader 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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