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Press release from Marketwire

Bri-Chem Expands Into Liquid Drilling Mud Blending and Storage in USA

Wednesday, November 07, 2012

Bri-Chem Expands Into Liquid Drilling Mud Blending and Storage in USA07:00 EST Wednesday, November 07, 2012EDMONTON, ALBERTA--(Marketwire - Nov. 7, 2012) -Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX:BRY) a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids and steel pipe is pleased to announce it has further expanded its operations in the USA drilling fluids market by installing its first synthetic liquid mud blending plant and storage tank facility at the Leetsdale, Pennsylvania warehouse.Bri-Chem's growing USA customer base requires a synthetic based drilling fluid which is critical and interrelated part of the drilling operations in this region. The majority of the oil companies are now adapting to using a central liquid mud facility, where the storage, handling and mixing are performed. Bri-Chem's new liquid mud facility will distribute synthetic liquid drilling mud via road tanker to the various rig sites. "Our USA expansion plan to create a wide-ranging wholesale drilling fluid distribution network to service the USA unconventional resource plays is right on track." commented Don Caron, Chief Executive Officer of Bri-Chem, "We now have eleven USA warehouses and our first strategic liquid mud facility available to service the growing independent drilling fluid companies in the USA." About Bri-ChemSince our formation in 1985, Bri-Chem has established two primary segments of business through a combination of internal growth and acquisitions: Bri-Chem's Drilling Fluid Division is North America's largest independent wholesale supplier of drilling fluids for the oil and gas industry. We provide over 100 critical drilling fluid products, cementing, acidizing and stimulation additives from 27 strategically located warehouses throughout Canada and the United States; Bri-Chem's Steel Pipe Division is the first company to introduce and construct a Thermal Pipe Expansion (TPE) facility in North America for manufacturing, testing and supply of large diameter seamless steel pipe for the energy industry. Additional information about Bri-Chem is available at www.sedar.com or at Bri-Chem's website at www.brichem.com. Forward Looking StatementsCertain information set forth in this news release contains forward-looking statements or information ("forward-looking statements"), including statements which may contain words such as "could", "should", "expect", "anticipate", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, demand for oilfield services for drilling and completion of oil and natural gas wells; volatility in market prices for steel, oil, natural gas, and natural gas liquids and the effect of this volatility on the demand for oilfield services generally, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although the Company believes that the expectations in our forward-looking statements are reasonable, our forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward looking information. As such, readers are cautioned not to place undue reliance on the forward looking information, as no assurance can be provided as to future results, levels of activity or achievements. The risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our Annual Information Form and other documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.To receive Bri-Chem news updates send your email to ir@brichem.com. FOR FURTHER INFORMATION PLEASE CONTACT: Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Contact Information: Bri-Chem Corp.Jason TheissCFO(780) 455 8667 x237jtheiss@brichem.comCHF Investor RelationsJuliet HeadingAccount Manager(416) 868-1079 x239juliet@chfir.comCHF Investor RelationsCathy HumeCEO(416) 868-1079 x231cathy@chfir.com