Calgary, Alberta - TheNewswire - January 31, 2022 - Source Energy Services Ltd. (“Source” or the “Company”) (TSX:SHLE) (OTC:SCEYF) announces that, subsequent to his appointment as Interim CEO of Nutrien Limited, Mr. Ken Seitz has resigned from Source’s Board of Directors and as Chair of Source’s Health, Safety and Environment Committee. Mr. Stew Hanlon has been appointed as Chair of the Health, Safety and Environment Committee and Mrs. Carrie Lonardelli will be joining the Committee.

Source wishes to thank Mr. Seitz for his dedication, insight, and commitment during his time on the Source Board. Source was fortunate to have Ken on the Board and to have him serve as Chair of the Health, Safety and Environment Committee. We wish Ken all the best in his new position at Nutrien.

FOURTH QUARTER RESULTS RELEASE AND CONFERENCE CALL

Source is pleased to announce that its fourth quarter financial results for the period ending December 31, 2021, will be released following the Toronto Stock Exchange market close on March 9, 2022.

A conference call has been scheduled for 7:30 am (Calgary time) on Thursday, March 10, 2022. 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:

Registering for the Results Conference Call:

Source Energy Services Q4 2021 Results Call

The call will be recorded and available for playback approximately 2 hours after the meeting end time, until April 10, 2022. Below are the details to access the call playback:

Playback Number        Playback Passcode

Toll-Free:        1-800-319-6413        8401

ABOUT SOURCE ENERGY SERVICES

Source is a company that focuses on the production and distribution of high quality Northern White frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin mines and processing facilities, its Western Canadian terminal network, its “last mile” logistics capabilities and Sahara, a proprietary wellsite mobile sand storage and handling system.

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

Media Inquiries:         Investor Relations Inquiries:

Meghan Somers        Brad Thomson
Communications Advisor        Chief Executive Officer
(403) 262-1312 (ext. 295)        (403) 262-1312 (ext. 225)
communications@sourceenergyservices.com        investorrelations@sourceenergyservices.com