Sale of Lon Dan Enterprises Ltd.

Aveda Transportation and Energy Services Inc. (“Aveda”) (TSX VENTURE:AVE), a leading provider of oilfield hauling services & equipment rentals to the energy industry, announced today that it has acquired the shares of Lon Dan Enterprises Ltd. which carries on business as Lon Dan Enterprises Ltd. based out of Edson, Alberta.

Aveda is acquiring 23 well-site shacks, 22 light towers, 43 pieces of safety matting, 19 rig mats, 16 environmental fuel tanks, other various rental assets and working capital for an initial purchase price of $4.0 million ($3.5 million in cash and $0.5 million in common shares of Aveda (the “Common Shares”)).

Aveda Transportation and Energy Services Inc. is a leading provider of oilfield hauling services & equipment rentals to the energy industry.

An additional $0.5 million to $1.5 million in cash consideration is payable if the acquired business achieves certain EBITDA generation targets during the one-year period following closing. Additionally, the final purchase price may be subject to a working capital adjustment.