CALGARY, ALBERTA--(Marketwired - April 5, 2017) - Savanna Energy Services Corp. ("Savanna")
(TSX:SVY) and Total Energy Services Inc. ("Total Energy") (TSX:TOT) announced today that the board of directors
of Savanna (the "Savanna Board") has been reconstituted following Total Energy's recent acquisition of common
shares of Savanna (as announced by Total Energy on March 25, 2017) and the termination by Savanna of its arrangement agreement
with Western Energy Services Corp. (as announced by Savanna on March 29, 2017). Effective today, all of the directors of
Savanna, with the exception of Mr. Allen Brooks, resigned as directors of Savanna (and any applicable Savanna subsidiaries) and
seven new directors were appointed. The Savanna Board is now comprised of the following individuals:
- Allen Brooks
- George Chow
- Darcy Draudson
- Daniel Halyk
- Gregory Melchin
- Bruce Pachkowski
- Stan Smith
- Lyle Whitmarsh
Following the extension of Total Energy's offer to purchase the outstanding Savanna common shares (the
"Offer") announced on March 25, 2017, the Offer is scheduled to expire at 12:00 PM (Pacific time) on April 7,
2017. If Savanna shareholders have any questions regarding the Total Offer or how to tender their Savanna common shares, they
should contact Laurel Hill Advisory Group ("Laurel Hill") at 1-877-452-7184 (Toll Free in North America) or
1-416-304-0211 (Collect Outside North America) or by email at assistance@laurelhill.com.
Biographies of the each of the members of the Savanna Board, as reconstituted, are available on Savanna's website at www.savannaenergy.com.
Savanna also announces that effective today, and in connection with the reconstitution of the Savanna Board, Mr. Chris Strong
has resigned as President and Chief Executive Officer of Savanna. Mr. Strong's replacement will be determined by the Savanna
Board in due course.
About Savanna
Savanna is a leading contract drilling and oilfield services company operating in North America and Australia providing a
broad range of drilling, well servicing and related services with a focus on fit for purpose technologies and industry-leading
Aboriginal relationships.
About Total Energy
Total Energy is a growth oriented energy services corporation involved in contract drilling services (Chinook Drilling),
rentals and transportation services (Total Oilfield Rentals) and the fabrication, sale, rental and servicing of natural gas
compression (Bidell Gas Compression) and process equipment (Spectrum Process Systems).
Forward-Looking Information Cautionary Statement
This News Release contains certain forward-looking information (referred to herein as "forward-looking
statements"). Forward-looking statements are often, but not always, identified by the use of words such as "anticipate",
"believe", "plan", "scheduled", "intend", "objective", "continuous", "ongoing", "estimate", "expect", "may", "will", "project",
"should", or similar words suggesting future events, circumstances or outcomes. In particular, this News Release contains
forward-looking information concerning the Offer, the anticipated timing of expiry of the Offer and the determination of a
replacement chief executive officer of Savanna.
Forward-looking statements are based upon the opinions and expectations of management of Total Energy and Savanna as at the
effective date of such statements and, in some cases, information supplied by third parties. Although Total Energy and Savanna
believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions and that information
received from third parties is reliable, it can give no assurance that those expectations will prove to have been correct.
Forward-looking statements are subject to certain risks and uncertainties that could cause actual events or outcomes to
differ materially from those anticipated or implied by such forward-looking statements. These risks and uncertainties
include, but are not limited to, such things as changes in general economic conditions in Canada, the United States and
elsewhere, changes in operating conditions (including as a result of weather patterns), the volatility of prices for oil and
natural gas and other commodities, commodity supply and demand, fluctuations in currency and interest rates, availability of
financial resources or third-party financing, availability of equipment, materials and personnel, defaults by counterparties
under commercial arrangements to which Total Energy or Savanna (or any of their respective affiliates) is a party and new laws
and regulations (domestic and foreign).
Having regard to the various risk factors, readers should not place undue reliance upon the forward-looking statements
contained in this News Release and such forward-looking statements should not be interpreted or regarded as guarantees of future
outcomes.
Full details of the Total Offer are contained in the offer to purchase and associated take-over bid circular, dated December
9, 2016, as amended, varied and supplemented (as applicable) by the notice of change and variation dated March 1, 2017, the
notice of variation dated March 13, 2017 and the notice of extension dated March 27, 2017. All of those documents are available
under Savanna's profile at www.sedar.com and on Total Energy's website at
www.totalenergy.ca/savannaoffer.
The forward-looking statements contained in this News Release are made as of the date hereof and Total Energy does not
undertake any obligation to update or to revise any of the included forward-looking statements, except as required by applicable
securities laws in force in Canada. The forward-looking statements contained in this News Release are expressly qualified by this
cautionary statement.