Strad Announces Annual Meeting Voting Results

May 30, 2018

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

CALGARY, Alberta, May 30, 2018 (GLOBE NEWSWIRE) -- Strad Energy Services Ltd. ("Strad" or the "Company") (TSX:SDY) announces the voting results in respect of its annual meeting of shareholders held on May 30, 2018 (the "Meeting").  Each of the matters voted on at the Meeting is outlined in the Corporation's Management Information Circular – Proxy Statement dated April 25, 2018 (the "Information Circular"), which is available on SEDAR at www.sedar.com

Strad shareholders have duly elected all of the director nominees proposed by management in the Information Circular.  The detailed voting results from the Meeting in respect of the election of directors is set forth below:

Nominee Votes For Votes Withheld
     
Robert J.A. Grandfield 99.97% 0.03%
  (31,079,448) (7,776)
     
Andrew R.C. Pernal 99.97% 0.03%
  (31,079,448) (7,776)
     
Jack H. Nodwell 99.97% 0.03%
  (31,078,948) (8,276)
     
Craig F. Hruska 99.97% 0.03%
  (31,079,448) (7,776)
     
Thomas M. Alford 99.97% 0.03%
  (31,078,948) (8,276)
     
Lyle A. Wood 99.97% 0.03%
  (31,079,448) (7,776)
     
Michael J. McNulty 99.97% 0.03%
  (31,079,448) (7,776)
     

Shareholders also voted in favour of the balance of the matters considered at the Meeting, namely, ordinary resolutions to fix the number of directors at seven and appoint the Corporation's auditors.

For complete voting results, please see our Report of Voting Results which will be available on SEDAR at www.sedar.com.

About Strad Energy Services Ltd.  
Strad is a North American energy services company that provides rental equipment and matting solutions to the oil and gas and energy infrastructure sectors. Strad focuses on providing complete customer solutions in Canada and the United States.

Strad is headquartered in Calgary, Alberta, Canada. Strad is listed on the Toronto Stock Exchange under the trading symbol "SDY".

For more information, please contact:

Strad Energy Services Ltd.
Andy Pernal
President & Chief Executive Officer
(403) 775-9202
Fax: (403) 232-6901
Email: apernal@stradenergy.com

Strad Energy Services Ltd.
Michael Donovan
Chief Financial Officer
(403) 775-9221
Fax: (403) 232-6901
Email:  mdonovan@stradenergy.com

www.stradenergy.com