Great Prairie Energy Services Inc.
TSX VENTURE : GPE

July 17, 2014 19:50 ET

Great Prairie Energy Services Announces Grant of Options

CALGARY, ALBERTA--(Marketwired - July 17, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Great Prairie Energy Services Inc. (TSX VENTURE:GPE) ("Great Prairie" or the "Corporation") announces that its board of directors approved the granting of incentive stock options ("Options") under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 400,000 common shares ("Common Shares") of the Corporation.

All of such Options are exercisable for a period of five years at a price of $0.50 per Common Share and 33 1/3% of the Options will vest one year after the date of the grant of such Options and the remainder will vest 33 1/3% per year thereafter.

Upon the granting of the Options described above, Great Prairie will have 5,095,000 Options outstanding, which represents about 4.3% of the 118,206,633 Common Shares currently outstanding. Great Prairie's stock option plan currently limits the issuance of Options to no more than 10% of the outstanding Common Shares.

About Great Prairie Energy Services

Great Prairie is a Calgary headquartered oilfield rental and hauling company focussed on servicing the oil and gas sector in Saskatchewan and Alberta.

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 accuracy of this release.

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