CALGARY, ALBERTA -- (Marketwired) -- 07/29/14

Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) has granted a total of 1,250,000 stock options to officers and certain independent directors of Ceiba at an exercise price of $0.95.

The stock options have been granted pursuant to Ceiba's 10% rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one third thereof starting at the date of grant and at the next two anniversaries of the date of grant. Subsequent to this stock option grant, Ceiba will have a total of 7,640,000 stock options outstanding.

About Ceiba Energy Services Inc.

Ceiba provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in Western Canada. Ceiba develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage and marketing of oil and disposal of production water.

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Contacts:
Ceiba Energy Services Inc.
Ian Simister
President
403-262-2783

Ceiba Energy Services Inc.
Peter Cheung
CFO and Corporate Secretary
403-262-2783