CEB

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Ceiba Energy Services Inc. (TSX VENTURE:CEB) ("Ceiba" or the "Company") is
pleased to announce the following:




--  Ceiba has entered into a letter of intent to acquire all of the shares
    of Cam-Star Resources (1990) Ltd. ("Cam-Star" or the "Private Co.") for
    an aggregate purchase price of approximately $2.8 million, subject to
    adjustments (the "Acquisition"). 

--  In connection with the proposed acquisition, Ceiba also announces a non-
    brokered private placement (the "Private Placement") of units and 8%
    convertible, unsecured, subordinated debentures of the Company for
    aggregate gross proceeds of up to $4 million. 

--  Ceiba Management intends to subscribe for approximately $250,000 of
    units. 



Summary of the Acquisition 

The purchase price for the Acquisition of approximately $2.8 million will be
paid with $2.6 million in cash and the issuance of 500,000 common shares of
Ceiba ("Common Shares") with a deemed price of $0.40 per share, which Common
Shares will be held in escrow for one year subject to Private Co. achieving
certain performance targets. The effective date of the Acquisition is December
1, 2013 and closing is expected to occur on or about December 31, 2013. The
Acquisition shall be subject to customary closing conditions, including the
receipt of the approval of the TSX Venture Exchange Inc. (the "Exchange"). Upon
completion of the Acquisition Private Co. will become a wholly-owned subsidiary
of Ceiba. In connection with the Acquisition, the Company has agreed to pay an
advisory fee of $100,000 to an arm's length third party.


Cam-Star is a privately owned operator of water disposal facilities in Central
Alberta. It has three licensed Class II operating disposal wells and associated
equipment and one licensed, suspended disposal well. The operating disposal
wells have a total surface storage capacity of approximately 1700 m3 and a daily
injection capacity of 1000 m3 (6,200 bbls). Two of the operating disposal wells
are located near Camrose, Alberta, 70 km south east of Edmonton and 80km west of
Ceiba's Kinsella terminal and have been operating for over ten years. The third
operating disposal well is near Ponoka, Alberta approximately 100km south of
Edmonton and has been in operation for one year.


Strategic Rationale



--  The Acquisition is expected to provide revenue of approximately $900,000
    for 2014, and management believes that there is significant potential to
    increase future revenues through focused marketing efforts and
    operational enhancements. 
--  The Acquisition will provide Ceiba access to Viking and Cardium oil
    plays. 
--  There are over 20,000 producing wells within 100 km radius of Private
    Co.'s operating disposal wells. 
--  With the Acquisition, Ceiba will have established a network of 5
    facilities from Edmonton (Chamberlain) southeast to Kinsella and south
    to Ponoka. 



"This Acquisition is a continuation of our strategic plan to increase our
footprint in Alberta to meet the growing disposal needs of our customers," said
Ian Simister, President. "With this Acquisition adding to our assets in Silver
Valley and our recently opened Chamberlain Facility, we will have five operating
disposal wells contributing to the bottom line in 2014, compared to the single
operating disposal well we had through most of 2013."


Financings

In connection with the proposed Acquisition, Ceiba intends to complete the
Private Placement of approximately $3,000,000 of units ("Units") and
approximately $1,000,000 of 8% convertible unsecured subordinated debentures
("Debentures") of the Company for aggregate gross proceeds of up to $4,000,000.
Each Unit will be issued at a price of $0.40 per Unit and will be comprised of
one Common Share and one share purchase warrant (a "Warrant"). Each Warrant will
entitle the holder to acquire one Common Share at a price of $0.50 for a period
of one year from the closing of the Private Placement.


The Debentures will bear interest at a rate of 8.0%, payable semi-annually, and
will be convertible into Common Shares, subject to certain adjustments, at a
conversion price of $0.55 per Common Share. The Debentures will have a face
value of $1000 per Debenture and a maturity date of September 30, 2015. Upon
maturity, the Debentures shall be subject to mandatory conversion into Common
Shares at the conversion price. The Debentures will be direct, unsecured
obligations of the Corporation, subordinated to other indebtedness of the
Corporation for borrowed money and ranking equally with all other unsecured
subordinated indebtedness of the Company.


Closing of the Private Placement is expected to occur on or about December 18,
2013 or such other date as the Company may determine, and is subject to certain
conditions including, but not limited to, the receipt of all necessary approvals
including the approval of the Exchange. The Common Shares and Warrants
comprising the Units and the Debentures issued pursuant to the Private Placement
will be subject to resale restrictions imposed by applicable securities laws and
the policies of the Exchange.


Management of the Company intends to subscribe for approximately $250,000 of Units.

The Company also advises that it is in discussions with respect to further debt
financing, including conventional bank debt. The Company intends to use the
proceeds from any potential debt financing and the Private Placement to fund the
Acquisition, growth capital and general working capital.


In connection with the Private Placement, the Company may pay eligible persons a
finder's fee of up to 6% in cash of the proceeds of the Private Placement that
result from such parties efforts, and may also issue such number of broker
warrants as is equal to 6% of the number of Units and Debentures placed by such
eligible persons under the Private Placement, subject to compliance with
applicable securities laws. Each broker warrant will entitle the holder to
acquire one Unit at a price of $0.40 per Unit for a period of 12 months from the
closing of the Private Placement.


Future Plans and Outlook

In addition to completion of the Acquisition, the Company remains focused on its
capital and growth plans for 2014. Ceiba expects that these plans will include
expanding services at the Silver Valley facility as well as initiating
wastewater disposal services at its Athabasca site. The Company continues to
evaluate and seek additional acquisition and expansion opportunities.


About Ceiba

Ceiba provides specialized services to the energy sector, specifically to
companies involved in the exploration, extraction and production of oil and
natural gas in under serviced market space throughout Western Canada. Ceiba
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 water.


Reader Advisory

Certain information regarding Ceiba in this news release, including management's
assessment of the expected time of completion of the Acquisition and the Private
Placement and the Company's future revenues and operations, may constitute
forward-looking statements under applicable securities laws and necessarily
involve risks including, without limitation, risks associated with receipt of
regulatory approvals, the Company's ability to secure financing, risks
associated with oilfield services operations, general risks associated with oil
and gas exploration, development, production, marketing and disposal of waste,
loss of markets, environmental risks, competition from other service providers,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources. As a
consequence, actual results may differ materially from those anticipated in the
forward-looking statements. Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on these and other factors
that could affect Ceiba's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). The forward-looking
statements or information contained in this news release are made as of the date
hereof and Ceiba does not undertake any obligation 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.


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.
Ian Simister
President
403-262-2783


Ceiba Energy Services Inc.
Shankar Nandiwada
CFO
403-262-2783


Ceiba Energy Services Inc.
Todd Hanas
Investor Relations
1-866-869-8072
thanas@ceibaenergy.com
www.ceibaenergy.com

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