DIVERGENT Energy Services Corp. Announces Linear Pump Update and Improved Financial Position

CALGARY, ALBERTA--(Marketwired - June 24, 2016) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

DIVERGENT Energy Services Corp. ("Divergent" or the "Corporation") (TSX VENTURE:DVG) provides an update on its Linear Electromagnetic Submersible Pump (the "Linear Pump"), and an update on recent developments that strengthen the Company's financial position.

Linear Pump Update

Divergent continues to advance the Linear Pump towards commercialization, and throughout 2016 has amassed valuable data and operating information following the installation of the Linear Pump in a well in Southeast Saskatchewan. As outlined in the Company's March 31, 2016 press release, the Linear Pump was removed from the well following a decoupling of the pump shaft from the motor. After modifying certain operating parameters, a new Linear Pump was re-installed in the same well on May 17, 2016. After 19 days of consistent run time and pump rates, it was observed that although the Linear Pump continued to function normally and was responding to commands, fluid production from the well had ceased. A series of standard operating procedures were undertaken over several days in an attempt to rectify the issue from surface, and the Linear Pump continued to appear to be functioning normally over the course of the procedures. After several attempts to regain the flow of fluid, Divergent and the client have elected to remove the Linear Pump and conduct a visual inspection to identify and understand the cause of the issue. Due to ongoing wet weather in the area, the client has been unable to access the wellsite, but believes access may be possible during the week of June 27, 2016 based on current weather forecasts. Following the complete examination of the Linear Pump, Divergent will provide further details and outline next steps.

In the interim, Divergent continues to market the Linear Pump with other potential clients who have expressed interest.

Building Sale in Wyoming Improves Financial Flexibility

Divergent has entered into an agreement to sell its facility in Gillette, Wyoming, for net proceeds of approximately USD$400,000. With Divergent's ongoing activity growth from Gillette over the past 9 months, the Company has outgrown its existing facility and will be moving into a larger facility that will enable it to expand operations and increase sales. Closing of the building sale is anticipated on or about July 11, 2016, subject to standard terms and conditions within the sale agreement. Proceeds from the sale will be utilized to meet ongoing working capital requirements.