Ceiba Energy Services Announces Increase to Bought Deal Private Placement from C$12.0 Million to C$16.1 Million

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AUTHORIZED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.


Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) is
pleased to announce that it has increased its previously announced bought deal
financing with a syndicate of underwriters co-led by Peters & Co. Limited and
Clarus Securities Inc. and including Canaccord Genuity Corp., Scotia Capital
Inc. and Jennings Capital Inc. whereby the Company will now issue 23,000,000
common shares of the Company (the "Common Shares") at a price of C$0.70 per
Common Share for gross proceeds to the Company of C$16,100,000 (the "Offering").


The Offering is expected to close on or about July 24, 2014 (the "Closing Date")
and is subject to certain conditions including, but not limited to, the receipt
of all necessary approvals, including the approval of the TSX Venture Exchange.
The Common Shares issued under the Offering will have a hold period of four
months plus one day.


The securities being offered have not, nor will they be registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons
absent U.S. registration or an applicable exemption from the U.S. registration
requirements. This release does not constitute an offer for sale of securities
in the United States.


About Ceiba Energy Services Inc.

Ceiba provides specialized services to the energy sector, specifically to
companies involved in the exploration, extraction and production of oil and
natural gas in under serviced market space throughout Western Canada. Ceiba
develops and constructs facilities in proximity to its customers to provide
treatment of crude oil emulsion, terminalling, storage and marketing of oil and
disposal of production water.


Reader Advisory 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or the accuracy of this release.


Forward-looking statements

Certain statements made herein may constitute forward-looking statements. These
statements relate to future events or the future economic performance of Ceiba
and carry known and unknown risks, uncertainties and other factors that may
appreciably affect their results, economic performance or accomplishments when
considered in light of the content or implications to statements made by Ceiba.
Actual events or results could be significantly different. Accordingly,
investors should not place undue reliance on forward-looking statements. Ceiba
does not intend and undertakes no obligation to update these forward-looking
statements, except as required under applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ceiba Energy Services Inc.
Ian Simister
President
403-262-2783


Ceiba Energy Services Inc.
Peter Cheung
CFO and Corporate Secretary
403-262-2783