Mr. Rene Amirault reports

SECURE ANNOUNCES AUTOMATIC SHARE PURCHASE PLAN

Secure Energy Services Inc., in connection with its previously announced normal course issuer bid (NCIB) to purchase for cancellation up to 23,196,967 common shares of the corporation, has entered into an automatic share purchase plan (ASPP) with a designated broker. The ASPP has been precleared by the Toronto Stock Exchange (the TSX) and is expected to be implemented on Jan. 15, 2024.

The ASPP is intended to facilitate repurchases of common shares at times under the NCIB when the corporation would ordinarily not be permitted to make purchases due to regulatory restriction or customary self-imposed blackout periods. Before the commencement of any particular trading blackout period, Secure may, but is not required to, instruct its designated broker to make purchases of common shares under the NCIB during the ensuing blackout period in accordance with the terms of the ASPP. Such purchases will be determined by the designated broker at its sole discretion based on purchasing parameters set by Secure in accordance with the rules of the TSX, applicable securities laws and the terms of the ASPP.

The ASPP will terminate on the earliest of the date on which: (a) the maximum annual purchase limit under the NCIB has been reached; (b) the NCIB expires; or (c) Secure terminates the ASPP in accordance with its terms. The ASPP constitutes an automatic securities purchase plan under applicable Canadian securities law.

Outside of predetermined blackout periods, common shares may be purchased under the NCIB based on management's discretion, in compliance with TSX rules and applicable securities laws. The corporation's NCIB commenced on Dec. 14, 2023, and will remain active until Dec. 13, 2024, or such earlier date as the NCIB is completed or is terminated at the corporation's election. All purchases of common shares made under the ASPP will be included in determining the number of common shares purchased under the NCIB.

Since the beginning of the NCIB, the corporation has purchased 3,441,700 common shares at a weighted average price per share of $9.41 for a total of $32-million. All common shares purchased under the NCIB have been cancelled.

About Secure Energy Services Inc.

Secure is a leading waste management 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 its 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.

We seek Safe Harbor.