Dalmac Energy Inc.
TSX VENTURE : DAL

Dalmac Energy Inc.

September 16, 2008 13:22 ET

Dalmac Completes Acquisition of Tinky Group Assets

EDMONTON, ALBERTA--(Marketwire - Sept. 16, 2008) - John Babic, President and CEO of Dalmac Energy Inc. ("Dalmac") (TSX VENTURE:DAL) announces that it has now completed the acquisition of the business and assets of Tinky Rentals L.P. and Tinky Trucking L.P. (the "Tinky Group") for a purchase price of $3.8 million. Dalmac created a new subsidiary corporation for the purpose of making the acquisition. $2 million of the purchase price was paid in cash on closing, $500,000 was paid by a non-interest bearing note due October 31 2008, $400,000 is payable by a Vendor Takeback Note payable over 3 years bearing 6% interest, and $900,000 was paid by the issuance of preferred shares of Dalmac's new subsidiary. The preferred shares are entitled to a cumulative 6% dividend, and will be redeemable or retractable at any time after 12 months from the date of issue.

Dalmac has acquired all of the assets (excluding only cash, cash equivalents, prepaid expenses and receivables), of the Tinky Group and has taken over the businesses formerly operated by the Tinky Group. The Tinky Group, based in Edson, Alberta, supplied oilfield rental equipment along the foothills and eastern slopes of Alberta's Rocky Mountains and regions of north eastern British Columbia, and provided delivery and transportation services for the rental equipment, and customers' oilfield equipment.

This transaction is expected to create an immediate increase in Dalmac's revenues and earnings, and will also allow Dalmac to leverage existing products and services into a new geographic market area.

Statements throughout this report that are not historical facts may be considered "forward looking statements". Such statements are based on current expectations that involve risks and uncertainties, which could cause actual results to differ from those anticipated. Important factors that can cause anticipated outcomes to differ materially from actual outcomes include the impact of general economic conditions, industry conditions, competition from other industry participants, volatility of petroleum prices, the ability to attract and retain qualified personnel, changes in laws or regulations, currency fluctuations, continued ability to access capital from available facilities and environmental risks. References in this MD&A to "Dalmac", the "Corporation", "Company", "us", "we" and "our" mean Dalmac Energy Inc. and its subsidiary Dalmac Oilfield Services Inc.

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

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