CES Energy Solutions Corp. Announces an Extension and Amendment to Its Syndicated Credit Facility

CES Energy Solutions Corp.  ("CES" or the "Corporation") (TSX: CEU and OTC - Nasdaq Intl: CESDF) is pleased to announce that it has successfully entered into an amended and restated credit agreement dated August 22, 2019 (the "Amended and Restated Credit Agreement") with respect to its syndicated and operating credit facilities (the "Credit Facility").   Led by The Bank of Nova Scotia as Agent and a syndicate including Wells Fargo Bank, ATB Financial, and The Toronto-Dominion Bank, the Credit Facility consists of a Canadian Syndicated Revolving Facility of C$150.0 million, a Canadian Operating Facility of C$20.0 million, a U.S. Revolving Facility of US$50.0 million, for a total facility size of approximately C$ equivalent $236.0 million. The Credit Facility is secured by substantially all of the Corporation's assets and includes customary terms, conditions and covenants.

Highlights of the Amended and Restated Credit Agreement

The Amended and Restated Credit Agreement:

• subject to certain terms and conditions extends the maturity date of the Credit Facility from September 28, 2020 to September 28, 2022 (the "Maturity Date");
• addresses the needs of the Corporation's expanding U.S. business and increases availability in the U.S. from US$40.0 million to US$50.0 million through a U.S. Revolving Facility;
• provides CES with the ability to use proceeds under the Credit Facility to repurchase or redeem a portion of the Corporation's outstanding senior unsecured notes, subject to minimum liquidity requirements; and
• adds a lower tier to the pricing grid which improves the pricing range on:

Canadian Prime Rate Loans, U.S. Base Rate Loans and U.S. Prime Rate Loans from prime plus 0.45% - 1.00% to 0.25% - 1.00%;

LIBOR Loans, Bankers' Acceptances and Letters of Credit from the applicate rate plus 1.45% - 2.00% to 1.25% - 2.00%; and

Standby Fees from a range of 0.29% - 0.40% to 0.25% - 0.40%.

The remaining terms, conditions and covenants of the Credit Facility remain materially consistent with the terms, conditions and covenants prior to the Amended and Restated Credit Agreement.  A redacted copy of the Amended and Restated Credit Agreement will be available on CES' SEDAR profile at www.sedar.com in accordance with National Instrument 51-102 – Continuous Disclosure Obligations, as adopted by the Canadian securities regulatory authorities.

About CES Energy Solutions Corp.

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES's business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow. Additional information about CES is available at www.sedar.com or on the Corporation's new website at www.cesenergysolutions.com.