Aveda Transportation and Energy Services Announces Acquisition of Rental Assets and Opening of New West Texas Branch

Aveda Transportation and Energy Services ("Aveda" or the "Company") (TSX
VENTURE:AVE), a leading provider of oilfield hauling services and equipment
rentals to the energy industry, today announced it has acquired selected assets
of 1st Rate Energy Services Inc. ("1st Rate") and a privately owned company
controlled by a director of 1st Rate (collectively "Complete Energy Services
Inc." or "Complete"). Aveda is predominantly acquiring tanks, matting, light
towers and other ancillary equipment and trucking fleets that are expected to
significantly increase the Company's oilfield equipment rental fleet.


The Company is acquiring the assets of Complete for a total of approximately
$7.5 million in cash. Once fully integrated, Aveda expects the acquisition to
add approximately $3.1 million in annual EBITDA.


The Company also announced it is opening a branch in Odessa, TX which will
primarily focus on rig moving in the west Texas region. Aveda has also signed a
lease on a new Pennsylvania facility that will see its operations in that state
move from New Columbia to Williamsport, PA before the end of the year.


"We continue to identify sound opportunities to grow through acquisition,
especially on the oilfield rentals side of our business," said Mr. David
Werklund, Interim President and CEO of Aveda. "The assets we are acquiring are
highly complementary to our existing rentals fleet and will allow us to assist
customers with increasingly larger and more complex initiatives. We intend to
rapidly integrate and deploy these new assets so that they can begin
contributing to our growth in the immediate near term. We also continue to
expand our presence in the U.S. in an effort to drive growth in our core rig
moving business by locating in close proximity to customers and areas of high
drilling activity."


In conjunction with the acquisition the company has finalized an expansion of
its existing credit facility to $50 million from $35 million previously. The
Company's credit facility is secured by a general security agreement with a
first charge on all the Company's assets, bears interest at prime plus 1.25% per
annum plus an unused facility fee of 0.25% per annum. The credit facility is due
on January 1, 2015. There are no principal payments required on this facility
until the due date.


In addition, following a market analysis and consecutive periods of relatively
poor financial performance, the Company is electing to close its Melita, MB
branch and will allocate its fleet assets between the newly opened Odessa branch
and its operations in Nisku, AB. With the redistribution of assets, the Nisku
branch will have a greater focus on rig moving activities in the future.


The Company expects transaction costs along with costs of closing the Melita
branch, starting up the Odessa branch and reallocating assets and personnel to
be in the range of approximately $1.2 million and $2.0 million. Most of these
costs will be incurred in the third quarter of 2012. The Company also
anticipates increasing its capital expenditure program by $6.0 million in 2012
to facilitate the Odessa expansion and to buy out certain operating leases.


About Aveda Transportation and Energy Services

Aveda provides specialized transportation of products, materials, supplies and
equipment required for the exploration, development and production of petroleum
resources in the Western Canadian Sedimentary Basin and in the United States of
America principally in and around the states of Texas and Pennsylvania.
Transportation services include both the equipment necessary to move the load as
well as a trained, professional driver capable of securing, moving and
manipulating the load at its origin and destination. Aveda's rental operations
include the rental of tanks, mats, pickers, light towers and other equipment
necessary for oilfield operations.


Aveda was incorporated in 1994 as a private company to serve the oil and gas
industry. In the spring of 2006 the Company went public on the TSX Venture
Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Nisku, AB,
Grand Prairie, AB, Mineral Wells, TX, Pleasanton, TX and New Columbia, PA. Aveda
is publicly traded on the TSX Venture Exchange under the symbol AVE. For more
information on Aveda please visit www.avedaenergy.com.


This News Release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "anticipate", "achieve", "could",
"believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate",
"outlook", "expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. In particular, this
News Release contains forward-looking statements relating to: projected capital
expenditures and commitments and the financing thereof; projected transaction
costs; projected costs of opening the branch in Odessa, TX; increases in
revenue; equipment delivery and deployment dates; geographic allocation of
equipment; expectations regarding the Company's ability to raise capital and to
increase its equipment fleet; benefits associated with financial results;
activity levels; business strategy; successful integration of structural
changes; restructuring plans acquisitions. Aveda believes the expectations
reflected in such forward-looking statements are reasonable as of the date
hereof but no assurance can be given that these expectations will prove to be
correct and such forward-looking statements should not be unduly relied upon.


Various material factors and assumptions are typically applied in drawing
conclusions or making the forecasts or projections set out in forward-looking
statements. Those material factors and assumptions are based on information
currently available to Aveda, including information obtained from third party
industry analysts and other third party sources. In some instances, material
assumptions and material factors are presented elsewhere in this News Release in
connection with the forward-looking statements. Readers are cautioned that the
following list of material factors and assumptions is not exhaustive. Specific
material factors and assumptions include, but are not limited to:




--  the performance of Aveda's businesses, including current business and
    economic trends;
--  oil and natural gas commodity prices and production levels;
--  the effect of the rebranding on Aveda's businesses;
--  capital expenditure programs and other expenditures by Aveda and its
    customers:
--  the ability of Aveda to retain and hire qualified personnel;
--  the ability of Aveda to obtain parts, consumables, equipment,
    technology, and supplies in a timely manner to carry out its activities;
--  the ability of Aveda to maintain good working relationships with key
    suppliers;
--  the ability of Aveda to market its services successfully to existing and
    new customers;
--  the ability of Aveda to obtain timely financing on acceptable terms;
--  currency exchange and interest rates;
--  risks associated with foreign operations;
--  changes under governmental regulatory regimes and tax, environmental and
    other laws in Canada and the United States; and
--  a stable competitive environment. 



Forward-looking statements are not a guarantee of future performance and involve
a number of risks and uncertainties, some of which are described herein. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Aveda's actual performance and financial results
in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements.
These risks and uncertainties include, but are not limited to, the risks
identified in Aveda's annual information form and management discussion and
analysis for the year ended December 31, 2011 (the "MD&A"). Any forward-looking
statements are made as of the date hereof and, except as required by law, Aveda
assumes no obligation to publicly update or revise such statements to reflect
new information, subsequent or otherwise. 


This News Release contains the term EBITDA which is defined in the MD&A. EBITDA
as presented does not have any standardized meaning prescribed by international
financial reporting standards (IFRS) and therefore it may not be comparable with
the calculation of similar measures for other entities. Management uses EBITDA
to analyze the operating performance of the business. EBITDA as presented is not
intended to represent cash provided by operating activities, net earnings or
other measures of financial performance calculated in accordance with IFRS.