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Press release from Marketwire

Aveda Transportation and Energy Services Announces Grant of Incentive Stock Options and New Director

Tuesday, December 04, 2012

Aveda Transportation and Energy Services Announces Grant of Incentive Stock Options and New Director11:06 EST Tuesday, December 04, 2012CALGARY, ALBERTA--(Marketwire - Dec. 4, 2012) - Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX VENTURE:AVE), a leading provider of oilfield hauling services and equipment rentals to the energy industry, announces that pursuant to the terms and conditions of its incentive stock option plan, it has granted, in the aggregate, 281,664 incentive stock options (the "Options") to purchase Common Shares of Aveda to certain officers and directors of the Company.The Options are exercisable for a five year period at a price of $2.00 per share. The Options will vest over three years as one third on each anniversary date of the grant.The Company also announces that Stefan Erasmus has been appointed to its board of directors. Stefan is president of Werklund Capital Corporation, a Werklund family office, which together with other entities supports the Werklund family and its wealth management. He is also a board member of the Werklund Foundation, governing the family's philanthropy. He is responsible for overseeing strategic business development, risk management, and general corporate and family governance. Over his career, Stefan has held numerous senior executive positions and is actively involved in numerous non-profit activities personally and sits on a number of boards for private companies and charitable organizations."We are delighted to have Stefan on Aveda's board," said David Werklund, Executive Chairman of Aveda "We continue to add strength to our board and management team as we build Aveda into a strong transportation and energy services company."About Aveda Transportation and Energy ServicesAveda provides specialized transportation of products, materials, supplies and equipment required for the exploration, development and production of petroleum resources in the Western Canadian Sedimentary Basin and in the United States of America principally in and around the states of Texas and Pennsylvania. Transportation services include both the equipment necessary to move the load as well as a trained, professional driver capable of securing, moving and manipulating the load at its origin and destination. Aveda's rental operations include the rental of tanks, mats, pickers, light towers and other equipment necessary for oilfield operations.Aveda was incorporated in 1994 as a private company to serve the oil and gas industry. In the spring of 2006 the Company went public on the TSX Venture Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Leduc, AB, Sylvan Lake, AB Mineral Wells, TX, Pleasanton, TX, Midland, TX and New Columbia, PA. Aveda is publicly traded on the TSX Venture Exchange under the symbol AVE. For more information on Aveda please visit FURTHER INFORMATION PLEASE CONTACT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contact Information: Aveda Transportation and Energy ServicesBharat Mahajan, CPA, CAVice President, Finance and Chief Financial Officer(403)