Mr. Bradley Fedora reports

TRICAN WELL SERVICE LTD. ANNOUNCES EXTENSION AND EXPANSION OF CREDIT FACILITY

Trican Well Service Ltd. has successfully expanded and extended its revolving credit facility (RCF).

Trican has entered into an amending agreement with its existing lending syndicate to expand the RCF from $150-million to $200-million and extend its term by two years, establishing a new maturity date of Dec. 5, 2028.

The expanded facility enhances Trican's financial flexibility and supports the company's operational requirements and strategic growth initiatives. This extension underscores Trican's strong financial position and continued commitment to delivering long-term value to stakeholders.

About Trican Well Service Ltd.

Headquartered in Calgary, Alta., Trican supplies oil and natural gas well servicing equipment and solutions to its customers through the drilling, completion and production cycles. The company's team of technical experts provide state-of-the-art equipment, engineering support, reservoir expertise and laboratory services through the delivery of hydraulic fracturing, cementing, coiled tubing, nitrogen services and chemical sales for the oil and gas industry in Western Canada.