Entrec Completes Acquisition of GT's Crane and Transportation Services Inc.

July 8, 2013- ENTREC Corp. has completed its previously announced acquisition of a 100% interest in GT's Crane and Transportation Services Inc. and all of its operating subsidiaries ("GT's"). Based in Grande Prairie, Alberta, GT's had 180 employees and operated a fleet of 45 cranes, including all-terrain, rough-terrain and picker trucks, 130 multi-wheeled trailers, and 50 tractors.

The aggregate consideration paid at closing consisted of (i) the issuance of 9,054,336 common shares of Entrec; (ii) $37,223,380 in cash; and (iii) an unsecured promissory note of $7,293,770 bearing interest at an annual rate of 7.25% and due July 2, 2016. The final purchase price remains subject to adjustment based on GT's normalized earnings before interest, taxes, depreciation and amortization for the 12-month period ended June 30, 2013 and working capital at June 30, 2013.

Entrec also announced the appointment of Greg Toews as executive vice president operations. Prior to joining Entrec in conjunction with the GT's acquisition, Toews was the president and CEO of GT's from its inception in 1998.

"We are very excited to have Greg and his team joining the ENTREC team," said John M. Stevens, Entrec's president and COO. "With our combined operations we now have a leading market position in Northeast B.C. and Northwest Alberta, and are well positioned to capture a significant portion of planned future investments in Liquefied Natural Gas ("LNG") driven infrastructure within these regions."