Strad Energy Services Ltd. Announces New Board Member

CALGARY, ALBERTA--(Marketwired - Aug. 6, 2013) -

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Strad Energy Services Ltd. ("Strad" or the "Company") (TSX:SDY) is pleased to announce that Mr. James McCallum of Richardson Capital Limited has been appointed to the Company's Board of Directors. Mr. McCallum is filling the vacancy created by the resignation of Mr. Robert Puchniak of James Richardson & Sons, Limited as a director of Strad. Mr. Puchniak has been a director of Strad since August 2006. The Company would like to thank Mr. Puchniak for his stewardship and counsel over the years, including his contributions to defining the strategic direction of the Company.

Mr. McCallum is a Managing Director at Richardson Capital Limited. He has over 18 years of private equity, mergers, acquisitions and capital markets experience. Prior to joining Richardson Capital Limited in 2004, he spent nine years in investment banking with Salomon Smith Barney and then Deutsche Bank Securities. Jamie is a graduate of the University of Manitoba and is a CFA charterholder.

Strad is a North American energy services company that focuses on providing well-site infrastructure solutions to the oil and natural gas industry. Strad focuses on providing complete customer solutions in well-site-related oilfield equipment for producers active in unconventional resource plays.

Strad is headquartered in Calgary, Alberta, Canada. Strad is listed on the Toronto Stock Exchange under the trading symbol "SDY".

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