Mr. Garnet Amundson reports

INDEPENDENT PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS SHAREHOLDERS VOTE FOR THE ACQUISITION OF ESSENTIAL ENERGY SERVICES BY ELEMENT TECHNICAL SERVICES

Essential Energy Services Ltd. has received a positive recommendation from Glass Lewis & Co. LLC in support of the proposed acquisition of Essential by Element Technical Services Inc. announced on Sept. 15, 2023. Glass Lewis is a leading independent, third party proxy advisory firm which provides proxy voting recommendations to pension funds, investment managers, mutual funds and other institutional shareholders.

In making their recommendation, Glass Lewis commented:

"The proposed transaction implies a valuation for Essential that appears generally fair relative to multiples paid in precedent industry transactions, in our view, and would allow Essential shareholders to exit their investment in the company at a premium and in cash.

" ... We believe the proposed transaction is in the interests of shareholders. Accordingly, we recommend that shareholders vote for this proposal."

This recommendation follows Institutional Shareholder Services Inc.'s recommendation that Essential shareholders vote for the acquisition. The details of that announcement can be found in Essential's press release dated Oct. 31, 2023.

The special meeting of Essential shareholders to approve the acquisition will be held on Nov. 7, 2023, at the Calgary Petroleum Club, Viking Room, 319 -- 5th Ave. SW, Calgary, Alta., at 10:30 a.m. (Calgary time).

For further information regarding the acquisition, readers are strongly encouraged to review Essential's news releases dated Sept. 15, 2023, Oct. 5, 2023, and Oct. 31, 2023, all of which are available under Essential's profile on SEDAR+.

Essential shareholders requiring assistance may contact:

Odyssey Trust Company, the company's proxy solicitation and information agent:

Phone:  1-587-885-0960

Toll-free North America:  1-888-290-1175

E-mail:  proxy@odysseytrust.com

Or Essential:

Phone:   403-513-7272

E-mail:  service@essentialenergy.ca

We seek Safe Harbor.