Western Lakota Energy Services Inc.
TSX VENTURE : WLE

Western Lakota Energy Services Inc.

February 21, 2005 12:24 ET

Western Lakota receives $1.9 million and adds a new Aboriginal partner

CALGARY, ALBERTA--(CCNMatthews - Feb. 21, 2005) - Western Lakota Energy
Services Inc. (TSX VENTURE:WLE), announces that it has signed a partnership
agreement with a company owned by the Horse Lake First Nation. As part of
the arrangement Western Lakota has received a $1.9 million payment from the
Horse Lake First Nation toward the purchase of a 50% interest in a TSM 7000
telescoping double electric drilling rig.

The drilling rig will be held in a limited partnership formed by the Horse
Lake First Nation and Western Lakota. This is the first rig owned in
partnership with the Horse Lake First Nation, which is located near Hythe,
west of Grande Prairie in northwestern Alberta. Western Lakota also owns
rigs in partnership with the Dene Tha' First Nation, Samson Cree Nation,
Saddle Lake First Nation, Metis Nation of Alberta, Blood Tribe and Duncan's
First Nation.

"These partnerships continue to provide benefits to the Aboriginal
communities, our customers and our shareholders," said Elson McDougald,
President and CEO of Western Lakota. "We are very pleased to welcome the
Horse Lake First Nation as a partner."

One of Canada's fastest-growing drilling contractors, Western Lakota
currently operates 16 rigs and plans to grow its fleet to 24 rigs by the
end of 2005. The Company works closely with Aboriginal communities through
ownership and employment opportunities. Western Lakota continues to provide
one of the newest fleets of safe and efficient drilling rigs in Canada
while striving to deliver positive results for shareholders, customers and
partners.

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

Contact Information

  • Western Lakota Energy Services Inc.
    Elson McDougald
    President and C.E.O.
    (403) 214-5953
    Email: elson@westernlakota.com
    Website: www.westernlakota.com

    or

    Western Lakota Energy Services Inc.
    1050, 400 - 5th Avenue SW,
    Calgary, Alberta T2P 0L6
    (403) 214-5970
    (403) 214-5955 (FAX)