Mr. Rene Amirault reports

SECURE ANNOUNCES SUCCESS OF CONSENT SOLICITATION TO AMEND ITS 11.000% SENIOR SECURED NOTES DUE 2025

Secure Energy Services Inc., in connection with its previously announced consent solicitation, with respect to proposed amendments to the indenture governing its 11.000 per cent senior second lien secured notes due 2025, it had received, as of 5 p.m. New York time, on June 16, 2023, consents from the holders of more than 50 per cent of the aggregate principal amount of the then outstanding notes. Secure and the subsidiary guarantors and the trustees party to the indenture expect to enter into a fifth supplemental indenture to the indenture as soon as practicable, to give effect to the proposed amendments relating to the indenture.

The purpose of the proposed amendments is to fully align the restricted payment section under the indenture with the comparable terms under the indenture governing Secure's outstanding $340-million aggregate principal amount of 7.25 per cent unsecured notes due 2026, which facilitates Secure's delivery of its capital allocation priorities, including the return of capital to shareholders in the form of its quarterly dividend and opportunistic share repurchases. Subject to the terms and conditions set forth in the consent solicitation statement dated June 8, 2023, Secure will pay to the information and tabulation agent, for the benefit of eligible holders of notes who validly delivered and did not validly revoke their consents on or prior to the expiration time, a cash payment equal to $5 (U.S.) per $1,000 (U.S.) in aggregate principal amount of the notes consented. Secure expects to make the consent payment upon or promptly after executing the fifth supplemental indenture. The proposed amendments will not become operative unless the consent payment is made.

Barclays Capital Inc. acted as sole solicitation agent for the solicitation and D.F. King & Co. Inc. served as information and tabulation agent for the solicitation.

About Secure Energy Services Inc.

Secure is a leading environmental and energy infrastructure business headquartered in Calgary, Alta. The corporation's extensive infrastructure network located throughout Western Canada and North Dakota includes waste processing and transfer facilities, industrial landfills, metal recycling facilities, crude oil and water gathering pipelines, crude oil terminals, and storage facilities. Through this infrastructure network, the corporation carries out its principal business operations, including the processing, recovery, recycling and disposal of waste streams generated by the company's energy and industrial customers and gathering, optimization, terminalling, and storage of crude oil and natural gas liquids. The solutions the corporation provides are designed not only to help reduce costs, but also lower emissions, increase safety, manage water, recycle byproducts and protect the environment.

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