NWE New West Energy Services Inc

New West Energy Services Inc. (TSX VENTURE:NWE) (the "Corporation") is pleased
to announce the financial results for the Corporation for its third quarter
ended January 31, 2014.


HIGHLIGHTS

Operational and Financial Results for the third quarters ended January 31, 2014
and 2013:




--  Revenue of $6.377 million ($5.670 million for 2013).
--  Gross margin of $1.444 million ($1.549 million for 2013).
--  Net profit of $83,000 from continuing operations after income tax which
    includes a deferred tax provision of $27,000 ($297,000 profit for 2013
    which includes a deferred tax provision of $99,000).
--  New diversified service created from the acquisition of 1770245 Alberta
    Ltd. in October 2013 which operated near full capacity and generated
    $1.3 million in revenue and $226,000 in earnings.
--  During the quarter, the Corporation completed trials with two major oil
    and gas operators utilizing a new technology to recover oil, water and
    solids from contaminated drill cuttings. The technology uses thermal
    desorption to separate oil, water and solids which are then recovered,
    reused or disposed of. The Corporation is currently in discussions with
    a gas producer operating in Northeast British Columbia to build a
    customized unit for Western Canada and expects to establish a new
    business with the United Kingdom based developer of the technology
    following a successful contract being awarded. The Corporation has
    incurred net expenditures of $320,581 to date for the trial which have
    been expensed.



Company Developments:



--  The Corporation increased productive capacity and updated the equipment
    fleet during the quarter with the addition of 11 units made up of tri
    drive straight vac and water trucks, hydrovac, combination vac and
    steamer units. The overall equipment fleet currently stands at 41 units.
--  Total capital expenditures during the quarter amounted to $990,000 for
    trucks and equipment to meet the current demand for winter drilling
    work. A total of $2.8 million has been spent for trucks and equipment
    during the past nine months.



OUTLOOK AND STRATEGY

The Corporation is implementing its diversification strategy for services and
equipment upon completion of this fiscal year end which is expected to increase
revenues and margins and reduce the fluctuations in equipment utilization
between the summer and winter seasons. As part of this process, the Corporation
plans on diversifying its equipment fleet from drilling related services to
production type services to offset the swings in drilling utilization.


OVERVIEW

The Corporation operates in the oilfield service industry in Canada through two
wholly owned subsidiaries - BearStone Environmental Solutions Inc. and Porterco
Oilfield Services Inc. BearStone provides environmental services to the upstream
oil and gas industry and also operates a fleet of specialized vacuum, hydrovac
and water trucks. Porterco operates a fleet of trucks and trailers for hauling
oil contaminated drill cuttings as well as providing equipment rental and custom
fabrication services.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
New West Energy Services Inc.
Gerry E. Kerkhoff
403.984.9798 or 1.888.977.2327 (BEAR)
403.984.9799 (FAX)
gkerkhoff@newwestenergyservices.com
www.newwestenergyservices.com

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