Mr. Gary Summach reports

CLEARSTREAM ANNOUNCES THREE NEW CONTRACT AWARDS

Clearstream Energy Services Inc. has been awarded three new contracts. Details of the new contracts are as follows:

• A three-year operational work force management contract with a major oil sands producer; the company is expecting to commence work under this contract in late 2017;
• A contract to complete a refinery turnaround in Eastern Canada in the fall of 2018; this turnaround will be completed by Clearwater Energy Services, a subsidiary of Clearstream, and represents Clearstream's first contract award in Eastern Canada;
• A two-year pipeline logistics and inspection contract expected to commence in early 2018.

These three new contracts are expected to generate $90-million in new backlog and $40-million of new revenue for Clearstream in 2018. The company believes these wins are a result of Clearstream's commitment to provide industry-leading services to its valued clients across Canada by focusing on safety, quality, the company's employees and excellence in execution.

About Clearstream Energy Services Inc.

With a legacy of excellence and experience stretching back more than 50 years, Clearstream provides solutions to the energy and industrial markets, including: oil and gas, petrochemical, mining, power, agriculture, forestry, infrastructure, and water treatment. With offices strategically located across Canada and over 3,000 employees, the company constructs, transports and provides maintenance services that keep its clients moving forward.

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