Ceiba Energy Services Announces Adoption of an Advanced Notice Bylaw

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. 

Ceiba Energy Services Inc. ("Ceiba", "Ceiba Energy" or the "Corporation") (TSX
VENTURE:CEB), announces the adoption of an advanced notice bylaw (the "Bylaw").
The Bylaw, as approved by the board of directors of the Corporation (the
"Board"), includes, among other things, a provision that requires advance notice
to the Corporation in circumstances where nominations of persons for election to
the Board are made by shareholders of the Corporation other than pursuant to:
(i) a requisition of a meeting made pursuant to the provisions of the Business
Corporations Act (Alberta) (the "Act"); or (ii) shareholder proposal made
pursuant to the provisions of the Act.


The purpose of the Advance Notice By-law is to foster a variety of interests of
the shareholders and Ceiba by ensuring that all shareholders, including those
participating in a meeting by proxy rather than in person, receive adequate
notice of the nominations to be considered at a meeting and can thereby exercise
their voting rights in an informed manner. In addition, the Advance Notice
By-law is intended to provide a reasonable framework for shareholders to
nominate directors and should assist in facilitating an orderly and efficient
meeting process.


The Bylaw fixes a deadline by which holders of record of common shares of Ceiba
must submit director nominations to the Corporation prior to any annual or
special meeting of shareholders and sets forth the specific information that a
shareholder must include in the written notice to the Corporation for an
effective nomination to occur. No person will be eligible for election as a
director of the Corporation unless nominated in accordance with the provisions
of the Bylaw. In the case of an annual general meeting of shareholders, notice
to the Corporation must be made not less than 30 nor more than 65 days prior to
the date of the annual general meeting of shareholders; provided, however, that
in the event that the annual general meeting of shareholders is to be held on a
date that, is less than 50 days after the date (the "Notice Date") on which the
first public announcement of the date of the annual meeting was made, notice by
the nominating shareholder may be made not later than the close of business on
the tenth (10th) day following the Notice Date. In the case of a special meeting
(which is not also an annual general meeting) of shareholders called for the
purpose of electing directors (whether or not called for other purposes), notice
to the Corporation must be made not later than the close of business on the
fifteenth (15th) day following the day on which the first public announcement of
the date of the special meeting of shareholders was made. The Bylaw is effective
immediately. At the next meeting of shareholders of the Corporation,
shareholders will be asked to confirm and ratify the Bylaw. The full text of the
Bylaw will be posted under Ceiba Energy's SEDAR profile at www.sedar.com .


About Ceiba Energy

Ceiba Energy (TSX VENTURE:CEB) provides specialized services to the energy
sector, specifically to companies involved in the exploration, extraction and
production of oil and natural gas in Western Canada. Ceiba Energy develops and
constructs facilities in proximity to its customers to provide treatment of
crude oil emulsion, terminalling, storage and marketing of oil and disposal of
production.


Reader Advisory 

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


Neither the 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 the accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ceiba Energy Services Inc.
Shankar Nandiwada
CFO
403-262-2783
snandiwada@ceibaenergy.com


Ceiba Energy Services Inc.
Todd Hanas
Investor Relations
1-866-869-8072
thanas@ceibaenergy.com
www.ceibaenergy.com
Ceiba Energy Services Inc. (TSXV:CEB)
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