Mullen Group Ltd. to Acquire Jay's Moving & Storage Ltd.

           Mullen Group Ltd. to Acquire Jay's Moving & Storage Ltd.

PR Newswire

OKOTOKS, AB, May 16, 2013

OKOTOKS, AB, May 16, 2013 /PRNewswire/ - (TSX:MTL) Mullen Group Ltd. ("Mullen
Group" and/or the "Corporation") announced today the signing of an agreement
to acquire Jay's Moving & Storage Ltd. ("Jay's" and/or the "Company"). The
transaction is expected to close on June 1, 2013, subject to the completion of
conditions typical for a transaction of this nature.

Jay's is a private corporation owned by Dennis Doehl based in Regina,
Saskatchewan. The Company has been in business since 1964 and is a recognized
leader in the less-than-truckload ("LTL") transportation business within the
Province of Saskatchewan operating 11 full-service terminals and warehouses,
with over 450 employees and a fleet of over 600 trucks and trailers. In 2010,
Jay's was named Saskatchewan's Business of the Year by the Saskatchewan
Chamber of Commerce.

"We are extremely pleased to add Jay's to our organization. Dennis Doehl is a
true entrepreneur starting with just a couple of trucks nearly 50 years  ago. 
His company has an exceptional reputation for providing outstanding service to
its customers  and we  look forward  to working  with the  management team  to 
enhance the  service  offerings  to  Mullen  Group's  existing  customers  and 
realizing on the potential synergies resulting from this acquisition. This is
a great company with an established  history and a strong management team.  As 
such, we  anticipate a  quick  and smooth  transition.  I am  also  extremely 
pleased to announce that Dennis Doehl has agreed to remain with Jay's for  the 
balance of the  year to help  with the transition",  stated Murray K.  Mullen, 
Chairman and Chief Executive Officer.

Jay's will be operated  as a stand-alone business  within Mullen Group and  is 
expected to add annual revenue of approximately $35.0to $40.0million to  our 
consolidated results  and generate  operating  margins consistent  with  other 
businesses in  the Trucking/Logistics  segment. The  purchase price  will  be 
funded from existing cash reserves.

This news release may contain  forward-looking statements that are subject  to 
risk factors associated with the oil and natural gas business and the  overall 
economy. Mullen Group believes that  the expectations reflected in this  news 
release  are  reasonable,  but  results  may  be  affected  by  a  variety  of 
variables. Mullen Group relies on litigation protection for "forward-looking"
statements.

Mullen Group  is a  company  that owns  a  network of  independently  operated 
businesses. Today the Mullen Group is  recognized as the largest provider  of 
specialized transportation and  related services  to the oil  and natural  gas 
industry in western Canada and as one of the leading suppliers of trucking and
logistics services in  Canada -  two sectors of  the economy  in which  Mullen 
Group has strong business relationships and industry leadership. Mullen Group
provides management and financial expertise, technology and systems support to
its independent businesses.  Mullen Group  is a  publicly traded  corporation 
listed on  the Toronto  Stock  Exchange under  the symbol  "MTL".  Additional 
information is available on our website at www.mullen-group.com.

SOURCE Mullen Group Ltd.

Contact:

Mr. Murray K. Mullen - Chairman and Chief Executive Officer
Mr. Stephen H. Lockwood - President and Co-Chief Executive Officer
Mr. P. Stephen Clark - Chief Financial Officer

121A, 31 Southridge Drive
Okotoks, Alberta, Canada T1S 2N3
Tel: (403) 995-5200
Fax: (403) 995-5296
 
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