Mr. Rene Amirault reports

SECURE ANNOUNCES REDEMPTION OF SENIOR UNSECURED NOTES

Secure Energy Services Inc. has delivered a notice of redemption for all of its outstanding 7.25 per cent senior unsecured notes due 2026, effective March 5, 2024. The aggregate principal amount of the notes currently outstanding is $340-million. As set forth in the redemption notice, the redemption date will be March 22, 2024, and the redemption price is 103.625 per cent of the principal amount of the notes, plus accrued and unpaid interest up to, but excluding, the redemption date, all in accordance with the provisions of the indenture governing the notes. Redeeming the notes will alleviate restrictive covenants associated with shareholder returns. Looking ahead, Secure will continue to optimize its capital structure to provide increased financial flexibility in support of the corporation's strategic initiatives.

This press release does not constitute a notice of redemption of the notes. Information concerning the terms and conditions of the redemptions are described in the redemption notices distributed to holders of the notes by Odyssey Trust Company as trustee with respect to the notes. Beneficial holders with any questions about the redemptions should contact their respective brokerage firm or financial institution.

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 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.

Secure's common shares trade under the symbol SES and are listed on the Toronto Stock Exchange.

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