Western Energy Services Corp. Announces Retirement of Chief Executive Officer

Press Release

January 30, 2025

CALGARY, ALBERTA – Western Energy Services Corp. (the “Company” or “Western”) (TSX: WRG) announces that Alex R.N. MacAusland, President and Chief Executive Officer of Western, has decided to retire from his roles at the Company, including as a director of Western, effective immediately.

Mr. MacAusland was a founder of Western and has served as Chief Executive Officer since 2013. He has served as an officer at Western and its predecessors for almost 20 years. Mr. MacAusland capably led Western through significant challenges faced by companies in the Canadian energy industry in recent years, including to oversee a significant recapitalization transaction in 2022. These efforts have provided Western with a strong balance sheet that leaves it well positioned to build its business as energy market conditions improve. Western’s Board of Directors thanks Mr. MacAusland for his many contributions to the Company over its history and wishes him the best in his future endeavors.

The Board plans to initiate a search to identify a permanent replacement for Mr. MacAusland. Gavin Lane, Western’s Chief Financial Officer, will serve as Chief Executive Officer on an interim basis while the search proceeds. Mr. Lane has served as Chief Financial Officer of Western since June 2024. Prior to that, Mr. Lane held executive-level operational and finance roles in private and publicly-traded companies for 20 years, including senior executive roles in a number of energy services companies.

During Mr. Lane’s term as Interim Chief Executive Officer, Chantel Calancia will serve as Interim Chief Financial Officer. Ms. Calancia has been a part of Western’s finance team for 12 years and has served as Western’s Corporate Controller since 2016.

About Western

Western is a progressive energy services company which provides contract drilling services through its division, Horizon Drilling in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation in the United States. Additionally, Western provides production services in Canada through its division, Eagle Well Servicing which provides well servicing and its division Aero Rental Services which provides oilfield rental services.

For more information, please contact: Gavin Lane, Interim Chief Executive Officer, at 403.984.5933.

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