Xtreme Drilling and Coil Services ("Xtreme", the "Company") (TSX:XDC) is pleased
to provide a second quarter operations update along with an announcement of the
date for the Q2 2014 earnings release and conference call. 


Second Quarter Update

For the second quarter of 2014, Xtreme had total operating days of 1,932 which
resulted in a utilization rate of 80% for the fleet of 21 XDR drilling rigs and
7 XSR coiled tubing units. 


The Drilling Segment achieved utilization of 83% on 1,585 operating days. This
was comprised of a 95% utilization rate for the 16 rig United States XDR fleet
and 12% for the three rig Canadian XDR fleet. During the second quarter the
Company mobilized two XDR 300 rigs to India. This decreased the US drilling
fleet from 18 to 16 XDR rigs. The two India rigs had utilization of 100% for the
quarter as they earned a standby rate during preparation and mobilization to
India. 


Overall, the US XDR rigs had 16 more operating days as compared to the previous
quarter. In Canada, operating days were down 172 days from the first quarter of
2014 as the normal seasonal road bans were in effect for most of the quarter.
The Company's three Canadian drilling rigs operated for 32 days in the second
quarter. 


For the quarter, the Coil Services Segment achieved utilization of 68% on 346
operating days. This was comprised of a 99% utilization rate for the two XSR
units in Saudi Arabia and a 63% utilization rate for the four actively marketed
XSR units in the US. As previously announced, the Company had an incident with
one of the US XSR units in early April which resulted in it being idle for the
entire quarter. As a result, the US XSR division had a total of 165 operating
days or 44 fewer than the first quarter. However, operating days on the three
operating XSR units remained strong as utilization was 85% for the period. The
Company anticipates that as the fourth XSR unit comes back on line in July,
demand will remain strong for the second half of the year.


At quarter end 21 XDR rigs were earning revenue and five XSR units were
operating, three in the US and two in Saudi Arabia. The fourth US XSR unit went
back to work in mid-July immediately after repairs were completed.


Second Quarter Results and Conference Call

The Company expects to announce second quarter 2014 financial and operating
results after market close on Thursday, August 7, 2014 with a follow-up
conference call planned for Friday, August 8, 2014 at 10:00 am MDT, 11:00 am CT.
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:


+1 866-225-0198 (North America Toll-Free) or +1 416-340-2216 (Alternate)

Webcast link: http://www.gowebcasting.com/5630

An audio replay of the call will be available until Friday, August 15, 2014. To
access the replay, call +1 800-408-3053 or +1 905-694-9451 and enter pass code
4791073.


Reader Advisory

This press release contains forwarding looking statements. More particularly,
this press release contains statements concerning commencement of operations.
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
+1 281 994 4600


Xtreme Drilling and Coil Services Corp.
9805 Katy Freeway, Suite 650
Houston, TX 77024
ir@xtremecoil.com
www.xtremecoil.com