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Press release from Marketwire

Savanna Energy Services Corp. Announces Correction to Dividend Press Release

Thursday, May 10, 2012

Savanna Energy Services Corp. Announces Correction to Dividend Press Release18:06 EDT Thursday, May 10, 2012CALGARY, ALBERTA--(Marketwire - May 10, 2012) - Savanna Energy Services Corp. (TSX:SVY) ("Savanna") announced that its Board of Directors had declared a monthly dividend payment of $0.03 (Cdn.) per share to holders of Common Shares. The date of record will be May 31, 2012 and the payment date will be June 15, 2012. The ex-dividend date is May 29, 2012. The ex-dividend date as noted in the prior press release was incorrect. This dividend is an eligible dividend for Canadian income tax purposes. Savanna is a leading North American contract drilling and oilfield services company providing a broad range of drilling, well servicing and related services with a focus on fit for purpose technologies and industry-leading aboriginal relationships. FOR FURTHER INFORMATION PLEASE CONTACT: Ken MullenSavanna Energy Services Corp.President and CEO(403) 503-9990(403) 267-6749 (FAX)ORDarcy DraudsonSavanna Energy Services Corp.Vice-President, Finance and CFO(403) 503-9990(403) 267-6749 (FAX)www.savannaenergy.com