LEA

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA) is
pleased to announce that it has entered into an agreement with AltaCorp Capital
Inc. (the "Underwriter") pursuant to which the Underwriter has agreed to
purchase, on a bought deal basis 7,145,000 Common Shares from the Company at a
purchase price of $0.70 per Common Share, for gross proceeds of $5,001,500. The
Underwriter will also have an option, exercisable for a period of 30 days
following the closing date, to purchase from the Company up to an additional
1,071,750 Common Shares on the same terms and conditions to cover
over-allotments and for market stabilization purposes.


The Company intends to use the net proceeds of the offering to reduce
indebtedness and for general corporate purposes. The Common Shares will be
offered in British Columbia, Alberta, Ontario and Quebec by way of a short form
prospectus, and in the United States, the United Kingdom and certain other
jurisdictions as may be agreed to by the Company on a private placement basis. 


Closing of the offering is expected to occur on or about March 27, 2012 and is
subject to certain customary conditions including, but not limited to, the
receipt of all necessary approvals including the approval of the TSX Venture
Exchange.


Leader Energy Services Ltd. provides well stimulation services in western
Canada. Further information on Leader can be found under the Company's listing
at www.sedar.com and on the Company's website at www.leaderenergy.com.          
               


Forward-looking Information

This press release contains certain statements or disclosures relating to the
Company that are based on the expectations of the Company as well as assumptions
made by and information currently available to the Company which may constitute
forward-looking information under applicable securities laws. All such
statements and disclosures, other than those of historical fact, which address
activities, events, outcomes, results or developments that the Company
anticipates or expects may, or will occur in the future (in whole or in part)
should be considered forward-looking information. 


This press release shall not constitute an offer to sell, nor the solicitation
of an offer to buy, any securities in the United States, nor shall there be any
sale of securities mentioned in this press release in any state in the United
States in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.

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