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Press Release

GASFRAC Energy Services Inc. Announces Incident Investigation

CALGARY, ALBERTA--(Marketwire - Jan. 16, 2011) - GASFRAC Energy Services Inc. ("GASFRAC") (TSX VENTURE:GFS) announces that an incident occurred on a location that resulted in a propane leak that was quickly contained. As a result of the leak there was an ignition that resulted in a short fire that damaged the back end of two fracturing pumpers. Three employees incurred minor burns, two have been released from hospital and the other has been asked to stay for further examination of second degree burns on his hands.
GASFRAC is working with the occupational health and safety authorities and the operator to complete a thorough investigation of the incident. As a precautionary measure, GASFRAC has suspended operations until the root cause of the leak has been identified and necessary corrective actions initiated. At that time an updated press release will be issued detailing the actions to be taken.
GASFRAC is an oil and gas service company headquartered in Calgary, Alberta, Canada, whose primary business is to provide LPG fracturing services to oil and gas companies in Canada and the USA.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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