Mr. Neal Coleman reports

PULSE SEISMIC SIGNS A $10.3-MILLION 3-D SEISMIC DATA LICENCE

Pulse Seismic Inc. has signed a $10.3-million seismic-data-licensing agreement, resulting in total seismic data library sales of $14.5-million for the third quarter. This sale brings year-to-date seismic data library sales to approximately $27.4-million, compared with full-year 2013 seismic data library sales of $27.1-million.

The licensed data are located in the Kakwa area in the Deep basin of west-central Alberta.

"Although the seismic data library business continues to face a challenging environment, Pulse's low fixed-cost business model results in the generation of substantial shareholder free cash flow. The significant cash margin associated with a deal of this magnitude contributes greatly to improving our financial position," stated Neal Coleman, Pulse's president and chief executive officer. "By maintaining a strong balance sheet and prudently investing in the growth of Pulse's seismic data library, we continue to provide ongoing value to both our customers and our shareholders," he added.

The financial information contained in this news release is based on management's estimates and has not yet been approved by the company's audit committee or board of directors or reviewed by the company's auditor.

On Nov. 7, 2014, the company anticipates releasing full financial statements and related information for the three and nine months ended Sept. 30, 2014.