Savanna Energy Services Corp. Announces Dividend

Savanna Energy Services Corp. Announces Dividend 
CALGARY, ALBERTA -- (Marketwire) -- 12/10/12 -- Savanna Energy
Services Corp. (TSX:SVY) ("Savanna") is pleased to announce that its
Board of Directors has declared a monthly dividend payment of $0.03
(Cdn.) per share to holders of Common Shares. The date of record will
be December 31, 2012 and the payment date will be January 15, 2013.
This dividend is an eligible dividend for Canadian income tax
Savanna also has a dividend reinvestment plan (the "DRIP") whereby
shareholders can direct cash dividends to be reinvested in additional
Common Shares that will be issued at 95% of the volume weighted
average price of the Common Shares traded on the Toronto Stock
Exchange during the last five trading days preceding the relevant
dividend payment date. Further information is available on Savanna's
website or by calling or emailing Computershare Trust Company of
Canada at 1-800-564-6253 or 
Shareholders should carefully read the complete text of the DRIP
before making any decisions regarding their participation in the
DRIP. Unless otherwise announced by Savanna, only shareholders who
are resident in Canada may participate in the DRIP. Participation
will not relieve shareholders of any liability for taxes that may be
payable on dividends. Shareholders should consult their own tax
advisors concerning the tax implementations of their participation in
the DRIP having regard to their own particular circumstances. 
Savanna is a leading North American contract drilling and oilfield
services company providing a broad range of drilling, well servicing
and related services with a focus on fit for purpose technologies and
industry-leading aboriginal relationships.
Savanna Energy Services Corp.
Ken Mullen
President and CEO
(403) 503-9990
(403) 267-6749 (FAX) 
Savanna Energy Services Corp.
Darcy Draudson
Vice-President, Finance and CFO
(403) 503-9990
(403) 267-6749 (FAX)
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