AVE Aveda Transport And Energy Svcs (delisted)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX
VENTURE:AVE), a leading provider of oilfield hauling services and equipment
rentals to the energy industry, today announced the closing of its previously
announced bought deal private placement offering (the "Offering") of
Subscription Receipts of the Company (the "Subscription Receipts") through a
syndicate of underwriters co-led by Cormark Securities Inc. and Beacon
Securities Limited and including Clarus Securities Inc., Mackie Research Capital
Corporation, Dundee Securities Ltd. and GMP Securities L.P. Pursuant to the
Offering, theCompanyissued 6,400,000 Subscription Receipts at a price of $3.60
per Subscription Receipt for gross proceeds to the Company of $23,040,000. Each
Subscription Receipt will automatically convert into one common share (a "Common
Share") of the Company without payment of additional consideration upon the
completion of an acquisition by the Company(the "Acquisition") of a rig moving,
hotshot and rentals business which is located in an active oilfield basin in the
United States.


"Closing of this offering represents a clear endorsement of our growth strategy
and provides us with the resources to act on an acquisition opportunity that
will allow us to substantially scale our U.S. business," said Bharat Mahajan,
Vice President, Finance and CFO of Aveda. "Our immediate focus remains onsigning
a definitive agreement for the Acquisition, which we expect to occur in the near
term."


The net proceeds from the Offering will be deposited in escrow pending
satisfaction of certain conditions, including the condition that all conditions
precedent to the completion of the Acquisition have been satisfied. If the
escrow release conditions are not satisfied on or prior to March 7, 2014 or
certain other termination events occur, the proceeds will be returned to the
subscribers. Upon completion of the Offering, the Company intends to use the net
proceeds of the Offering to fund a portion of the purchase price of the
Acquisition and for general corporate purposes.


In consideration for the services of the underwritersin connection with the
Offering, theCompany paid the underwritersa fee equal to 6.0% of the gross
proceeds from the sale of the Subscription Receipts, other than the sale of
333,000 Subscription Receipts sold to subscribers identified by the Company.
Half of the underwriters' fee was paid to the underwriters at the closing of the
Offering.


Pursuant to applicable securities laws, all securities issued pursuant to the
Offering will be subject to a statutory hold period which expires on April 24,
2014.


The Offering is subject to the final approval of the TSX Venture Exchange.

The securities described herein have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold inthe United
States unless registered under the Act or unless an exemption from registration
is available.


About Aveda Transportation and Energy Services

Aveda provides specialized transportation services and equipment required for
the exploration, development and production of petroleum resources in the
Western Canadian Sedimentary Basin and in the United States of America
principally in and around the states of Texas and Pennsylvania. Transportation
services include both the equipment necessary to move the load as well as a
trained, professional driver capable of securing, moving and manipulating the
load at its origin and destination. Aveda's rental operations include the rental
of tanks, mats, pickers, light towers and other equipment necessary for oilfield
operations.


Aveda was incorporated in 1994 as a private company to serve the oil and gas
industry. In the spring of 2006 the Company went public on the TSX Venture
Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Leduc, AB,
Sylvan Lake, AB, Edson, AB, Mineral Wells, TX, Pleasanton, TX, Midland, TX,
Williamsport, PA and Buckhannon, WV. Aveda is publicly traded on the TSX Venture
Exchange under the symbol AVE. For more information on Aveda please visit
www.avedaenergy.com.


This News Release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "anticipate", "achieve", "could",
"believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate",
"outlook", "expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. In particular, this
News Release contains forward-looking statements relating to: the release of the
net proceeds of the Offering from escrow; the use of the net proceedsofthe
Offering; statements with respect to the Acquisition and the signing of a
definitiveasset purchaseagreementin respect ofthe Acquisition; and the Company's
growth opportunities. Aveda believes the expectations reflected in such
forward-looking statements are reasonable as of the date hereof but no assurance
can be given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon.


Various material factors and assumptions are typically applied in drawing
conclusions or making the forecasts or projections set out in forward-looking
statements. Those material factors and assumptions are based on information
currently available to Aveda, including information obtained from third party
industry analysts and other third party sources. In some instances, material
assumptions and material factors are presented elsewhere in this News Release in
connection with the forward-looking statements. Readers are cautioned that the
following list of material factors and assumptions is not exhaustive. Specific
material factors and assumptions include, but are not limited to:




--  the entering into of a definitive asset purchase agreement in respect of
    the Acquisition; 
    
--  the completion of the Acquisitionand the timing thereof; 
    
--  the Company's ability to satisfy the escrow release conditions and the
    conversion of the Subscription Receipts into Common Shares; 
    
--  thefinalapproval of the TSX Venture Exchangefor the Offering and the
    Acquisition;and 
    
--  the performance of Aveda's businesses, including the Acquisition,
    current business and economic trends. 



Forward-looking statements are not a guarantee of future performance and involve
a number of risks and uncertainties, some of which are described herein. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Aveda's actual performance and financial results
in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements.
These risks and uncertainties include, but are not limited to, the risk that the
Acquisition will not be completed in a timely manner or at all; the risk that
the necessary approvals and other consents for the completion of the Acquisition
will not be satisfied in a timely manner or at all; and the otherrisks
identified in Aveda's annual information form and management discussion and
analysis for the year ended December 31, 2012. Any forward-looking statements
are made as of the date hereof and, except as required by law, Aveda assumes no
obligation to publicly update or revise such statements to reflect new
information, subsequent or otherwise.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aveda Transportation and Energy Services Inc.
Bharat Mahajan, CA
Vice President, Finance and Chief Financial Officer
(403) 264-5769
bharat.mahajan@avedaenergy.com
www.avedaenergy.com

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