Cdn Oilfield Technologies & Solutions Corp.: Private Placement - $4,000,000

CALGARY, ALBERTA--(Marketwire - Feb. 16, 2012) - Cdn Oilfield Technologies & Solutions Corp. (the "Corporation") (TSX VENTURE:OTS) is pleased to announce that it intends to raise up to $4,000,000 from a non-brokered private placement of debentures ("Debentures"). The Debentures will bear interest at a rate of 12% per annum payable on a semi-annual basis and will be for a term of 1 year. The Corporation shall be entitled to prepay the outstanding indebtedness under the Debentures, without any penalty, at any time after 6 months from the date of issuance of the Debentures. The Debentures will be secured against the assets of the Corporation, but will otherwise be subordinated to the outstanding 12% debentures of the Corporation in the principal amount of $500,000 maturing on November 16, 2012 and will also be subordinated to any future financing obtained by the Corporation from a conventional lender, such as a chartered bank. The net proceeds from the Debentures will be used for general working capital purposes.

For every $1.00 of principal under the Debentures, the Corporation will issue a warrant entitling the holders to purchase one (1) common share of the Corporation at a purchase price of $0.15 for a period of twelve (12) months.

The Debentures and the common shares issuable under the warrants will be subject to a 4 month hold period under applicable securities laws. The issuance of Debentures and the warrants is subject to approval of the TSX Venture Exchange.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States or any other jurisdiction outside of Canada in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.