Mr. Ken Zinger reports

CES ENERGY SOLUTIONS CORP. ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted CES Energy Solutions Corp.'s notice of intention to implement a normal course issuer bid (NCIB). The NCIB effectively renews the existing NCIB, which is scheduled to terminate on July 20, 2023.

CES's board of directors and management continue to believe that the market price of CES's common shares does not reflect their underlying value. Accordingly, the renewal of CES's NCIB will allow CES to opportunistically reduce the issued and outstanding common shares of the corporation and enhance shareholder value.

Pursuant to the renewed NCIB, CES may purchase through the facilities of the TSX and other alternative Canadian securities trading platforms, from time to time over the next 12 months, up to 18,719,430 common shares, being 10.0 per cent of the public float of common shares. Common shares purchased under the NCIB will be subsequently cancelled by the corporation. The NCIB will commence on July 21, 2023, and will terminate the earlier of July 20, 2024, or on date on which the maximum number of common shares that can be acquired pursuant to the NCIB are purchased.

Under TSX rules, CES may repurchase up to 109,810 common shares, on the TSX, on any single trading day, being 25 per cent of the average daily trading volume of the common shares on the TSX for the six months ended June 30, 2023. The corporation is also permitted to make one block purchase in excess of the daily maximum per calendar week. CES expects to enter into an automatic securities purchase plan in connection with the NCIB, which would permit the corporation to repurchase its common shares during periods of blackout or other periods in which the corporation would not ordinarily be permitted to repurchase its common shares. Such automatic securities purchase plan will be subject to certain parameters set by the corporation from time to time, which would govern the automatic purchase of common shares.

As of July 14, 2023, there were 252,852,625 issued and outstanding common shares. Under the current NCIB that is scheduled to terminate on July 20, 2023, the corporation was approved by the TSX to repurchase up to 14,399,478 common shares, being 7.5 per cent of the public float of common shares. As of July 14, 2023, the corporation has repurchased and subsequently cancelled 8,863,800 common shares or 62 per cent of common shares available for repurchase, through market purchases on the TSX and other alternative Canadian securities trading platforms, at a volume-weighted average purchase price of approximately $2.60 per common share.

About CES Energy Solutions Corp.

CES is a leading provider of technically advanced consumable chemical solutions throughout the life cycle of the oil field. This includes solutions at the drill bit, at the point of completion and stimulation, at the wellhead and pumpjack, and finally through to the pipeline and mid-stream market. CES's business model is relatively asset light and requires limited reinvestment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.

We seek Safe Harbor.