CEB

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

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




--  Ceiba has completed the non-brokered private placement (the "Private
    Placement") of 6,500,000 equity units of the Company for gross proceeds
    of $2,600,000. 

--  Ceiba Management will exercise 550,000 warrants of the Company) at an
    exercise price of $0.50 per Warrant, providing additional gross proceeds
    of $275,000 in January 2014 . 

--  Ceiba continues to move forward with the proposed acquisition of Cam-
    Star Resources (1990) Ltd. (the "Acquisition"). 

--  Ceiba is subject to an Early Warning Report that after giving effect to
    the Private Placement, as at the date hereof, John Hooks owns or
    controls, directly or indirectly, an aggregate of 10,308,332 common
    shares, representing approximately 13.3% of the issued and outstanding
    Common Shares. 



Financings

Ceiba has completed the Private Placement of 6,500,000 units ("Units") of the
Company for aggregate gross proceeds of to $2,600,000. Each Unit was issued at a
price of $0.40 per Unit and was comprised of one Common Share and one common
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 Common Shares and Warrants comprising the
Units issued pursuant to the Private Placement will be subject to resale
restrictions imposed by applicable securities laws and the policies of the
Exchange until May 1, 2014. In connection with the Private Placement, the
Company paid a finder's fee consisting of $50,000 in cash.


Ceiba previously announced it has intended to raise approximately $1,000,000 of
8% convertible unsecured subordinated debentures ("Debentures"). The Company has
elected not to proceed with any financing through Debentures at this time.


Warrant Exercise

The Company had previously announced that it was the intention of Management to
subscribe for approximately $250,000 of the Units in the Private Placement.
However, Management has elected to exercise 550,000 Warrants to purchase one
Common Share at a price of $0.50 per Common Share in January 2014, providing
gross proceeds of $275,000 in order to reduce the total issued Common Shares and
Warrants from the Private Placement.


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 the Private Placement, Warrant Exercise and any potential debt
financing to fund the Acquisition, growth capital and general working capital.


Early Warning Report

The Company also announces the filing of an early warning report (the "Early
Warning Report") pursuant to National Instrument 62-103 The Early Warning System
and Related Take Over Bids and Insider Reporting Issues in connection with the
filing of an Early Warning Report regarding the holdings by John Hooks ("Mr.
Hooks") of Common Shares in the capital of Ceiba. Mr. Hooks has acquired
5,000,000 Units in the Private Placement and after giving effect to this as at
the date hereof, Mr. Hooks owns or controls, directly or indirectly, an
aggregate of 10,308,332 Common Shares, representing approximately 13.3% of the
issued and outstanding Common Shares.


Mr. Hooks acquired the Units for investment purposes. Mr. Hooks may in the
future take such actions in respect of his shareholding in the Company as he may
deem appropriate in light of the circumstances then existing including, subject
to applicable securities laws, the purchase of additional Common Shares or other
securities of the Company through open market purchases or privately negotiated
transactions, or the sale of all or a portion of his holdings in the open market
or in privately negotiated transactions to one or more purchasers.


A copy of the Early Warning Report may be found on www.SEDAR.com.

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, the Warrant
Exercise by Management, the anticipated use of proceeds 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,, 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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