Source Energy Services Announces Upcoming Earnings Release and Annual General Meeting

Calgary, Alberta (April 7, 2021) TSX: SHLE

EARNINGS RELEASE AND CONFERENCE CALL

Source Energy Services Ltd. (“Source”) is pleased to announce that its first quarter financial results for the period ending March 31, 2021, will be released following the Toronto Stock Exchange market close on Wednesday, May 5, 2021. A conference call has been scheduled for 7:30 am (Calgary time) on Thursday, May 6, 2021. Interested analysts, investors and media representatives are invited to register to participate in the call. Once you are registered, a dial-in number and passcode will be provided to you via email. The link to register for the call is on the Upcoming Events page of our website and as follows:

The call will be recorded and available for playback approximately 2 hours after the meeting end time, until June 6, 2021. Below are the details to access the call playback:

ANNUAL GENERAL MEETING

Source also wishes to announce that its 2021 Annual Meeting of Shareholders (the “AGM”) will be held on Friday, May 7, 2021 at 9:00 a.m. (Calgary time) in a virtual, audio only, webcast format due to the COVID-19 pandemic and upon the recommendations of federal, provincial, and municipal governments to mitigate risks to public health and safety. Shareholder engagement is extremely important to Source and all shareholders will have equal opportunity to ask questions. Below are the details to attend the virtual-only AGM:

ABOUT SOURCE ENERGY SERVICES

Source is a logistics company that focuses on the supply and distribution of high quality Northern White frac sand. Source provides its customers with a full end-to-end solution supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network and its “last mile” logistics capabilities. In addition to its industry leading frac sand transload terminal network and in-basin frac sand storage capabilities, Source also provides storage and logistics services for other bulk oil and gas well completion materials that are not produced by Source. Source has also developed Sahara, a proprietary wellsite mobile sand storage and handling system.

Source’s full-service approach allows customers to rely on its logistics capabilities to increase reliability of supply and to ensure the timely delivery of their requirements for frac sand and other bulk completion materials at the wellsite.