ENT Entrec Corporation

Entrec Transportation Services Ltd. (TSX VENTURE:ENT) ("ENTREC") is pleased to
announce it has entered into a letter of intent, subject to certain conditions,
to acquire 100% of the issued and outstanding shares of Singer Specialized Ltd.
("SINGER"). SINGER is based in Calgary, Alberta and specializes in the
transportation of over-sized and over-weight equipment within the oil and gas,
petro-chemical, power generation, construction and mining industries. The
original SINGER operating company was first established in 1978.


Operating out of a modern 21,000 square foot shop and office facility, SINGER
operates an extensive fleet of conventional heavy haul trailers, tractors, winch
tractors, prime movers, picker trucks, as well as 58 lines of hydraulic platform
trailers. Entrec's existing Calgary location will be integrated into the SINGER
location. 


"We are very pleased with the potential acquisition of SINGER," comments Rod
Marlin, ENTREC's Chairman and CEO. "The acquisition of SINGER comes with a
committed management team and will allow us to continue executing our strategy
to become the dominant provider of heavy haul transportation services in our
markets." 


The aggregate purchase price payable for SINGER will be $15.265 million, less
the value of long-term debt as at the closing of the transaction. The aggregate
purchase price will be payable through a combination of: (i) the issuance of
3,900,000 common shares of ENTREC issued at a deemed price of $1.35 per share;
and (ii) the balance payable in cash. The acquisition of SINGER is currently
anticipated to close on or about April 5, 2012.


In conjunction with the close of the transaction, Entrec will invite key SINGER
employees to participate in its Employee Share Ownership Plan.


Entrec estimates SINGER could generate earnings before interest, taxes,
depreciation and amortization ("EBITDA") of approximately $4.0 million on an
annual basis in the future after considering the impact of expected synergies.  


Reader Advisory

Completion of the proposed transaction is subject to, among other things, the
negotiation and execution of a definitive binding agreement, approval of the
board of directors of ENTREC, regulatory approval (including but not limited to
the approval of the TSX Venture Exchange), and the completion of due diligence
activities. There can be no assurance that these conditions precedent, or any
other conditions precedent, will be satisfied. Further, there can be no
assurance that the proposed transaction will be completed as proposed or at all.



About ENTREC

ENTREC specializes in the transportation and rigging of overweight and oversized
cargo for the oil and gas, construction, petrochemical, mining and power
generation industries. The common shares of ENTREC trade on the TSX Venture
Exchange under the trading symbol "ENT". 


Forward-looking statements

This press release contains forward-looking statements that reflect ENTREC's
current beliefs and that are based on information currently available to ENTREC.
These statements require ENTREC to make assumptions it believes are reasonable
but, as a result of such assumption, such forward-looking statements are subject
to inherent risks and uncertainties. Actual results and developments may differ
materially from the results and developments discussed in the forward-looking
statements as certain of these risks and uncertainties are beyond ENTREC's
control. 


Examples of such forward-looking statements in this press release relate to, but
are not limited to, (i) ENTREC's expectation that the SINGER acquisition will be
completed and the terms on which it will be completed, and (ii) that EBITDA for
SINGER could approximate $4.0 million on an annual basis in the future after
considering the impact of expected synergies. These forward-looking statements
rely on certain expectations and assumptions, including, among others, (i) the
results of ENTREC's due diligence review of the businesses proposed to be
acquired being satisfactory,(ii) the ability of the parties to agree to the
terms of a definitive agreement, (iii) the ability of ENTREC to receive the
various approvals required, and (iv) SINGER meeting or exceeding ENTREC's
internal revenue, net earnings, and cash flow forecasts for that business in the
future. 


Although ENTREC believes that the expectations and assumptions on which such
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because ENTREC can give no assurance
that they will prove to be correct. The results of the due diligence review on
the businesses proposed to be acquired by ENTREC may be less than satisfactory,
the parties may be unable to agree to the terms of the definitive documentation
required for the transaction, and ENTREC may not be able to obtain all required
approvals. Factors that may negatively impact ENTREC's ability to achieve these
forecasts include, but are not limited to, fluctuations in the demand for
specialized heavy haul transportation services in the Alberta oil sands region
and across western Canada, political and economic conditions, industry
competition, and ENTREC's ability to attract and retain both customers and key
personnel. Readers are cautioned not to place undue reliance on these
forward-looking statements, which are given as of the date hereof, and to not
use such forward-looking statements for anything other than their intended
purpose. ENTREC undertakes no obligation to update publicly or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

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