Xtreme Drilling and Coil Services (TSX:XDC) ("Xtreme", the "Company") is pleased
to provide a first quarter operations update along with an announcement of the
date for the Q1 2014 earnings release and conference call, as well as the
departure of President and Chief Technology Officer, Richard Havinga. 


First Quarter Update 

For the first quarter of 2014, Xtreme had total operating days of 2,120 which
resulted in a utilization rate of 87% for the fleet of 21 XDR drilling rigs and
seven XSR coiled tubing units.  


The Drilling Segment achieved utilization of 90% on 1,731 operating days. This
was comprised of a 92% utilization rate for the 18 rig United States XDR fleet
and 74% for the three rig Canadian XDR fleet. During the first quarter the US
XDR drilling division performed a major overhaul on one rig and minor
maintenance on two additional rigs. This led to a decrease of 66 operating days
in the US from the prior quarter. In addition, two rigs were prepping for
mobilization to India. These two rigs are included in operating days as they
earn standby revenue during modification and transport. In Canada, the Company's
three drilling rigs operated for 204 days, which was down four days from the
prior quarter.  


For the quarter, the Coil Services Segment achieved utilization of 78% on 388
operating days. This was comprised of a 97% utilization rate for the two XSR
units in Saudi Arabia and an 84% utilization rate for the four actively marketed
XSR units in the US. Included in the overall coil services utilization is one
additional unit that is currently idle in the US but which is being marketed
internationally. The US XSR units for the quarter averaged 19 operating days per
month on each unit. The fourth XSR unit began operations in late January.  


Beginning in the fourth quarter of 2013, the Company adjusted the methodology
for calculating utilization in the US coil service division. Available operating
days is now defined as 22 days per month for each unit as opposed to total
calendar days which was utilized in the past.  


At quarter end, 20 XDR rigs were earning revenue and six XSR rigs were
operating, four in the US and two in Saudi Arabia. 


Fourth Quarter Results and Conference Call 

The Company expects to announce first quarter 2014 financial and operating
results after market close on Wednesday, May 7, 2014 with a follow-up conference
call planned for Thursday, May 8, 2014 at 10:00am MDT, 11:00am CDT. Tom Wood,
Chief Executive Officer, will host the conference call with participation from
Matt Porter, Chief Financial Officer, and will answer questions from analysts
and investors.


To participate in the conference call, please dial in as follows approximately
ten minutes before the start time in your time zone. 


+1 866-226-1798 (North America Toll-Free) or +1 416-340-2220 (Alternate) 

Webcast link: http://www.gowebcasting.com/5381

An audio replay of the call will be available until Thursday, May 15, 2014. To
access the replay, call +1 800-408-3053 or +1 905-694-9451 and enter pass code
5131671.


Departure of President and Chief Technology Officer 

President and Chief Technology Officer, Richard Havinga, has given notice of his
intention to depart the Company at the end of May. Xtreme will transition Mr.
Havinga's responsibilities internally over the next six weeks. Effective
immediately, Mr. Charlie Proulx, VP of Coil Services North America, will take
over management of global coil services which includes the Saudi Arabian
operation. 


"The Board extends sincere appreciation to Richard Havinga for his significant
contribution to the growth of the Company. Richard has been with the Company
since inception and was an integral part of Xtreme as it grew from a startup in
2005 to one of the most technologically advanced energy service providers
today." commented CEO Tom Wood, " Xtreme's directors and management wish him the
very best in his future endeavors."


Reader Advisory 

This press release contains forwarding looking statements. More particularly,
this press release contains statements concerning the announcement of financial
and operating results, commencement of operations in India and the transition of
Mr. Havinga's responsibilities to other staff within the Company Although the
Company believes that the expectations reflected in these forward looking
statements are reasonable, undue reliance should not be placed on them because
the Company can give no assurance that they will prove to be correct. Since
forward looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The forward looking
statements contained in this press release are made as of the date hereof and
the Company undertakes no obligations to update publicly or revise any forward
looking statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.


About Xtreme

Xtreme Drilling and Coil Services Corp. ("XDC" on the Toronto Stock Exchange)
designs, builds, and operates a fleet of high specification drilling rigs and
coiled tubing well service units featuring leading-edge proprietary technology
including AC high capacity coil injectors, deep re-entry drilling capability,
modular transportation systems and continuous integration of in-house advances
in methodologies. 


Currently Xtreme operates two service lines: Drilling Services (XDR) and Coil
Services (XSR) under contracts with oil and natural gas exploration and
production companies and integrated oilfield service providers in Canada, the
United States and Saudi Arabia. For more information about the Company, please
visit www.xtremecoil.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Xtreme Drilling and Coil Services Corp.
Matt Porter, Chief Financial Officer
9805 Katy Freeway, Suite 650, Houston, TX 77024
+1 281 994 4600
ir@xtremecoil.com
www.xtremecoil.com