Canadian Oilfield Solutions Corp. is pleased to provide a corporate and operational update:

The Corporation is pleased to announce that the second major construction project in Mexico has recently been completed both under budget and ahead of schedule, and two additional major projects have been awarded for which the Corporation will provide project management and finance services. The projects, to be run concurrently, are expected to commence in Q3 with approximate timelines of 150 days to completion and a combined budget of approximately USD $11 million. The Corporation earns a financing fee and a share in any profits as its revenue from the projects. Multiple smaller scope construction projects have also been completed in 2013.

The Corporation continues to pursue the sale and installation of flexible pipe in Mexico. One project is scheduled for Q3 with a new client, and additional sales and installations are anticipated through Q4. The scope of work is expected to be a mix of 4" and 6" pipe with lengths under 2 km. The Bitzalcobo pipe project, which began in Q3 2011 as a test project to investigate the installation capabilities of flexible pipe over various terrain, has evolved into a revenue-generating project and is on its final phase with completion expected in late July 2013. The success of the project validates the wide range of challenging terrain that can be crossed using FlexSteel products.

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