Leader Energy Services Announces New Debt Facility

Leader Energy Services Ltd. (TSX VENTURE:LEA) ("Leader" or the "Company")
announces that it has entered into a credit facility with a private Canadian
asset-based lender. Proceeds will be used to retire its previous credit facility
with a Canadian chartered bank and for working capital. 


Leader's new credit facility includes a demand revolving facility of up to $4
million, a one year demand non-revolving term loan of up to $12 million with
provision to extend for an additional 6 months. Although the credit facility
carries a significantly higher borrowing cost than a conventional bank facility,
it contains no financial covenants, and is subject to normal and customary terms
and conditions for a facility of this kind.


Whitehorn Merchant Capital Inc. of Calgary, Alberta acted as financial advisor
to the Company, and as part of their fee will, subject to regulatory approval
receive 400,000 warrants to purchase common shares at an exercise price of $0.32
for a period of three years from closing. 


Leader provides well stimulation services in western Canada. Further information
on Leader can be found under the Company's listing at www.sedar.com and on the
Company's website at www.leaderenergy.com.


Forward-looking Information

This press release contains certain statements or disclosures relating to the
Company that are based on the expectations of the Company as well as assumptions
made by and information currently available to the Company which may constitute
forward-looking information under applicable securities laws. All such
statements and disclosures, other than those of historical fact, which address
activities, events, outcomes, results or developments that the Company
anticipates or expects may, or will occur in the future (in whole or in part)
should be considered forward-looking information. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Leader Energy Services Ltd.
Rod Hauser
President & CEO
[phone]
[e-mail]


Leader Energy Services Ltd.
Jason Krueger, CFA
Executive VP & Director
[phone]
[e-mail]


Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
[phone]
[e-mail]
www.leaderenergy.com