CALGARY, ALBERTA--(CCNMatthews - April 24, 2006) - Leader Energy Services Ltd. (TSX VENTURE:LEE) ("Leader" or the "Company") today announced the appointment of Douglas A. Cutts, CA to its board of directors. Mr. Cutts is an independent board member and will serve on the Audit Committee.
Mr. Cutts is currently Vice President Finance and Chief Financial Officer of Pulse Data Inc. (TSX:PSD). Previously he was Vice President Finance, Chief Financial Officer, and a Director of Command Drilling Corporation; prior thereto he was President, Chief Operating Officer, and a Director of IPEC Ltd.; prior thereto he was President, Chief Operating Officer and a Director of Lynx Energy Services Ltd. Mr. Cutts received a B.Comm. from the University of Calgary and received his Chartered Accountant designation in 1976.
The board of directors believes that Mr. Cutts has the expertise to make a valuable contribution to guiding Leader's future and appreciates having the benefit of his insight and experience. Mr. Cutts has been granted 50,000 options to purchase shares of Leader at $4.00 for a period of 5 years, subject to 3 year vesting.
Leader Energy Services provides well stimulation services in western Canada. Leader supplies coiled tubing and flameless nitrogen pumping services as well as other flameless equipment and services. Leader will begin providing cementing services in 2006. Further information on Leader can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Leader Energy Services Ltd.
Rod Hauser
President & CEO
(403) 265-5400
Email: r.hauser@leaderenergy.com
Leader Energy Services Ltd.
Jim Ashbaugh, CMA
Senior VP Finance & CFO
(403) 265-5400
Email: j.ashbaugh@leaderenergy.com
Leader Energy Services Ltd.
Jason Krueger, CFA
Director, Investor Relations
(403) 374-1234
Email: jason@redwood-capital.com
