Flint announces new construction contract for StatoilHydro's Leismere Oilsands Project

Flint Energy Services Ltd. (Flint, the Company) announced today the Company has been awarded a $50 million (Canadian dollar) construction contract by StatoilHydro Canada Limited, the Canadian business unit of StatoilHydro, for work on the Leismer Oilsands Demonstration Project located near Fort MacMurray, Alberta.

The contract will involve the site construction of the central plant's mechanical components for the new SAGD (Steam Assisted Gravity Drainage) facilities.

StatoilHydro's Leismer Oilsands Demonstration Project is a grass roots SAGD facility near Conklin, Alberta designed to extract bitumen from oil sands. The facility is located approximately 160 km south of Fort McMurray, Alberta.

In 2007, StatoilHydro acquired North American Oil Sands Corporation with over 1,100 square kilometres of oil sands leases in northern Alberta. The contract awarded to Flint is part of the first phase in a multi-year development plan which will see bitumen production increase from an initial 20,000 barrels per day in 2012 to over 200,000 barrels per day by 2020.

The project is also called Kai Kos Dehseh, which in the Chipewyan Dene language, means Red Willow River, the name for the Christina River which meanders through the lease area.

Bill Lingard, President and Chief Executive Officer of Flint said, "We are very excited to have been selected by StatoilHydro for this work on the Kai Kos Dehseh Demonstration Project. StatoilHydro is a world class operator and we look forward to working with them on this important initial phase of their development".

Flint Energy Services is a market leader providing an expanding range of integrated products and services for the oil and gas industry including: production services; field construction; oilfield transportation; process equipment design and manufacturing; and tubular management services. Flint provides this unique breadth of products and services through over 62 strategic locations in the oil and gas producing areas of western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred provider of infrastructure construction management, module fabrication, and maintenance services for upgrading and production facilities in Alberta's fast growing oil sands sector. http://www.flint-energy.com

FORWARD LOOKING STATEMENTS

Certain statements in this news release are "forward-looking statements", which reflect current expectations of the management of Flint regarding future events or Flint's future performance. All statements other than statements of historical fact contained in this news release may be forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements. Flint believes that the expectations reflected in such forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Flint assumes no obligation to update or revise them to reflect new events or circumstances, except as expressly required by applicable securities law. Further information regarding risks and uncertainties relating to Flint and its securities can be found in the disclosure documents filed by Flint with the securities regulatory authorities, available at www.sedar.com.

SOURCE: Flint Energy Services Ltd.

Guy Cocquyt, Director of Investor Relations, Flint Energy Services., Telephone: (403) 218-7195, This email address is being protected from spambots. You need JavaScript enabled to view it., Website: www.flintenergy.com