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Press release from Marketwire

Savanna Energy Services Corp. Announces Dividend and Q3 2012 Earnings Release Date

Wednesday, October 10, 2012

Savanna Energy Services Corp. Announces Dividend and Q3 2012 Earnings Release Date16:11 EDT Wednesday, October 10, 2012CALGARY, ALBERTA--(Marketwire - Oct. 10, 2012) - Savanna Energy Services Corp. (TSX:SVY) ("Savanna" or the "Company") is pleased to announce that its Board of Directors has declared a monthly dividend payment of $0.03 (Cdn.) per share to holders of Common Shares. The date of record will be October 31, 2012 and the payment date will be November 15, 2012. This dividend is an eligible dividend for Canadian income tax purposes. Savanna intends to release its Third Quarter 2012 results before markets open on Monday, November 5, 2012. The results will be available on the Company's web site after the dissemination has taken place over the news wire service. Savanna will host a conference call for analysts, investors and interested parties on Monday, November 5, 2012 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time) to discuss the Company's third quarter results. The call will be hosted by Ken Mullen, Savanna's President and Chief Executive Officer and Darcy Draudson, Vice-President, Finance and Chief Financial Officer.If you wish to participate in this conference call, please call 1-888-892-3255 (for participants in North America). Please call 10 minutes ahead of time.A replay of the call will be available until November 12, 2012 by dialing 1-800-937-6305 and entering passcode 893776.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