FOR IMMEDIATE RELEASE

Red Deer, Alberta; May 11, 2016 – Altair Water and Drilling Services announces today it has bought the business of Alken Basin Drilling in Red Deer, Alberta.

“We are very pleased to complete this transaction despite the difficult Alberta economy” said Kevin Schmidt, Vice President of Altair. “The business of Alken Basin Drilling includes the drilling, installing and servicing of domestic water wells in Red Deer and its surrounding communities, industrial and oilfields water wells in Alberta, neighbouring Provinces and internationally and exploratory coring. This acquisition is an investment in the Red Deer community, saving and creating local jobs and preserving the nearly 35 year proud history of Alken Basin Drilling”.

About Altair Water and Drilling Services:

Altair Water and Drilling Services Inc. is a Red Deer, Alberta company that provides water well and exploratory coring services to domestic, industrial and oilfields customers. Our mission is to create an exceptional customer experience in terms of performance and timeliness by employing the best personnel, maintaining the best equipment and being a leader in new technologies.

Altair provides domestic and industrial water wells; source wells; disposal wells; geothermal wells; pile pre-sets; cathodic protection and well deepening services; exploratory coring services; well cleanouts; water well shock chlorination treatments; and, complete pump and pressure systems installations and maintenance.

Contacts:

Kevin Schmidt
Vice President
Altair Water and Drilling Services Inc.
Red Deer, Alberta
1 (403) 348-0189

Scott Sinclair
President
Altair Water and Drilling Services Inc.
Red Deer, Alberta
1 (403) 348-0189