Leader Energy Services Announces New Debt Facility

Leader Energy Services Announces New Debt Facility 
CALGARY, ALBERTA -- (Marketwire) -- 03/06/13 -- Leader Energy
Services Ltd. (TSX VENTURE:LEA) ("Leader" or the "Company") announces
that it has entered into a credit facility with a private Canadian
asset-based lender. Proceeds will be used to retire its previous
credit facility with a Canadian chartered bank and for working
capital.  
Leader's new credit facility includes a demand revolving facility of
up to $4 million, a one year demand non-revolving term loan of up to
$12 million with provision to extend for an additional 6 months.
Although the credit facility carries a significantly higher borrowing
cost than a conventional bank facility, it contains no financial
covenants, and is subject to normal and customary terms and
conditions for a facility of this kind. 
Whitehorn Merchant Capital Inc. of Calgary, Alberta acted as
financial advisor to the Company, and as part of their fee will,
subject to regulatory approval receive 400,000 warrants to purchase
common shares at an exercise price of $0.32 for a period of three
years from closing.  
Leader 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.  
Neither the 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 news
release. 
Contacts:
Leader Energy Services Ltd.
Rod Hauser
President & CEO
(403) 265-5400
r.hauser@leaderenergy.com 
Leader Energy Services Ltd.
Jason Krueger, CFA
Executive VP & Director
(403) 265-5400
j.krueger@leaderenergy.com 
Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
(403) 265-5400
g.reid@leaderenergy.com
www.leaderenergy.com