Savanna Reiterates Rejection of the Hostile Total Offer, Reminds Shareholders of Superior Transaction With Western Energy

CALGARY, ALBERTA--(Marketwired - March 23, 2017) - Savanna Energy Services Corp. ("Savanna") (TSX:SVY) today reiterates the Savanna board of directors' (the "Savanna Board") unanimous rejection of the offer from Total Energy Services Inc. ("Total") to purchase all of the Savanna Shares on the basis of 0.13 common shares of Total ("Total Shares") and $0.20 in cash for each common share of Savanna ("Savanna Shares") (the "Total Offer").

The Savanna Board on recommendation of its Special Committee, unanimously supports the acquisition of all of the Savanna Shares by Western Energy Service Corp. ("Western") pursuant to its previously announced proposed plan of arrangement (the "Western Arrangement") on the basis of 0.85 of a common share of Western (the "Western Shares") and $0.21 in cash per Savanna Share.

Do not accept the inferior value for your Savanna Shares. Since announcement, the Western Arrangement has been at a premium to the Total Offer and based on the respective closing prices on the Toronto Stock Exchange on March 23, 2017, the Western Arrangement was at a 10.6% premium to the Total Offer. The Western Arrangement currently provides Savanna shareholders with $2.12 in consideration while the Total Offer provides $1.92, which is a 3.6% discount to Savanna's closing price on the Toronto Stock Exchange on March 23, 2017.

Do not feel pressured into tendering your shares to the inadequate Total Offer as additional time provides you with optionality.

• If Total does acquire more than 50% of the outstanding Savanna Shares (excluding Savanna Shares owned by Total or any person acting jointly or in concert with Total), Total will be required to extend the Total Offer for ten days following the initial expiry of the Total Offer.
• Total is paying your broker a solicitation fee to deposit your Savanna Shares to the Total Offer. Make sure you are getting the appropriate advice from an independent financial advisor in respect of your alternatives.
• Time is on the Savanna shareholder's side. A meeting of Savanna shareholders to consider the Western Arrangement is scheduled for May, 2017. If you do not tender to the Total Offer, you'll have the opportunity to participate in the Western Arrangement or any alternative proposals that may be made for your Savanna Shares. Do not tender and inadvertently surrender your option to consider all alternatives.

Savanna shareholders are urged not to tender their Savanna Shares to the Total Offer. If you have already tendered your Savanna Shares to the Total Offer, you can withdraw your Savanna Shares by contacting your broker or D.F. King, North American Toll Free at 1-800-622-1678 or via email at [e-mail].