ENT Entrec Corporation

Entrec Transportation Services Ltd. ("ENTREC" or the "Company") (TSX
VENTURE:ENT) is pleased to announce its financial results for the transitional
year ended December 31, 2011. ENTREC achieved revenue of $32.4 million during
the 14 month period ended December 31, 2011. This amount reflects revenue
generated from each of its business acquisitions from their respective dates of
acquisition, beginning with the completion of the Company's Qualifying
Transaction in May 2011. 


ENTREC recently changed its fiscal year-end from October 31 to December 31 to
better align its financial reporting with the calendar year and seasonality of
its business. As a result, the Company has reported a 14 month transitional year
ending December 31, 2011.


ENTREC's revenue of $32.4 million reflects a 52% increase from the combined pro
forma revenue of $21.3 million generated from each of ENTREC's business
acquisitions, on a combined basis, in the comparative period ended December 31,
2010 (the comparative figures reflecting revenue generated from each business
acquisition commencing one year prior to their respective date of acquisition).
During the two month period ended December 31, 2011, ENTREC also achieved
revenue of $12.7 million, representing a 59% increase from the combined pro
forma revenue of $8.0 million generated from each of the Company's business
acquisitions, on a combined basis, in the corresponding two month period ended
December 31, 2010. 


This significant revenue improvement was driven by increasing customer demand
for ENTREC's services and improved utilization of equipment. In addition, higher
service capabilities provided from recent business acquisitions and the
cross-utilization of equipment among branches allowed the Company to support
this increased revenue volume. 


Revenue during the 14 month period ended December 31, 2011 resulted in Adjusted
EBITDA of $4.9 million (see "Non-GAAP Financial Measures") and net earnings of
$0.8 million or $0.04 per share. In the two month period ended December 31,
2011, the Company generated Adjusted EBITDA of $2.1 million (see "Non-GAAP
Financial Measures") and net earnings of $0.6 million or $0.02 per share. 


Positive Outlook for 2012

"Capital spending on projects within the Alberta oil sands region and across
western Canada has grown significantly commencing in the second half of 2011
resulting in increased demand for heavy haul transportation services," comments
Rod Marlin, ENTREC's Chairman and CEO. "Since May 12, 2011, we have received
requests for sales quotes on customer projects in excess of $200 million.
Several of these quotes have converted to committed customer projects for
completion in 2012 and 2013. In addition, we expect to be awarded additional
contracts related to these quotes in the upcoming months." 


Increased Revenue Guidance for Fiscal 2012

Based on current expectations for future business activity and assuming no
further business acquisitions are completed, ENTREC currently estimates revenue
for the year ending December 31, 2012 will be between $70 million and $75
million. This represents an increase from ENTREC's previous revenue guidance of
between $65 million and $70 million. Once completed, ENTREC also estimates that
its acquisitions of Singer Specialized Ltd. and the Mains Group of Companies
could initially contribute an additional $45 million of revenue to operations on
an annual basis. 


Further increases in ENTREC's revenue guidance for 2012 may be possible should
fundamentals within the heavy haul transportation industry continue to improve.
ENTREC will also continue to aggressively pursue its growth strategies in 2012.
Future business acquisitions completed in fiscal 2012 will further increase its
revenue estimates.


Approved $22.3 million 2012 Capital Expenditure Program

ENTREC has approved a total 2012 capital expenditure program of $22.3 million.
This program consists of $3.1 million in maintenance capital expenditures and
$19.2 million in growth capital expenditures to significantly expand its truck
and trailer fleet.


Growth capital expenditures in fiscal 2012 will consist of several prime mover
power units and other tractors, picker trucks, and a wide range of conventional
heavy haul trailers. The Company will also be taking possession of 48 lines of
Goldhofer hydraulic platform trailers, which were first ordered in the fall of
2011. 


A complete set of ENTREC's most recent financial statements and Management's
Discussion and Analysis will be filed on SEDAR (www.sedar.com) and posted on the
Company's website (www.entrec.com).


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". 


Non-GAAP Financial Measures

Adjusted EBITDA is defined as earnings before interest, taxes, depreciation,
amortization and stock-based compensation. In addition to net earnings, Adjusted
EBITDA is a useful measure as it provides an indication of the financial results
generated by ENTREC's principal business activities prior to consideration of
how these activities are financed or how the results are taxed in various
jurisdictions and before certain non-cash expenses such as amortization and
stock-based compensation. 


Please see ENTREC's Management Discussion & Analysis for the 14 months ended
December 31, 2011 for a reconciliation of Adjusted EBITDA to net earnings, the
most directly comparable financial measure calculated and presented in
accordance with GAAP.


Forward-looking Statements

This press release contains forward-looking statements which reflect ENTREC's
current beliefs and are based on information currently available to ENTREC.
These statements require ENTREC to make assumptions it believes are reasonable
and 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: ENTREC's projection that revenue for the year ending
December 31, 2012 will be between $70 million and $75 million before considering
the impact of future business acquisitions; that the acquisitions of Singer
Specialized Ltd. and the Mains Group of Companies could contribute initially an
additional $45 million of revenue to operations on an annual basis; that further
increases in the Company's revenue guidance may be possible should fundamentals
within the heavy haul transportation industry continue to improve; expectation
ENTREC will be awarded additional contracts related to the $200 million in sales
quotes requested from customers since May 12, 2011 in the upcoming months; and
expectation the Company will execute its 2012 capital expenditure program of
$22.3 million. 


These forward-looking statements involve a number of significant assumptions.
Key assumptions utilized in developing forward-looking statements related to
ENTREC's future growth expectations include achieving its internal revenue, net
earnings and cash flow forecasts for 2012 and 2013. Achieving these forecasts is
largely dependent on a number of factors beyond ENTREC's control including all
of the risks discussed further under the "Business Risks" section in ENTREC's
Management Discussion and Analysis for the 14 months ended December 31, 2011.
These risk factors are interdependent and the impact of any one risk or
uncertainty on a particular forward-looking statement is not determinable. 


Consequently, all of the forward-looking statements made in this press release
are qualified by these cautionary statements and other cautionary statements or
factors contained herein, and there can be no assurance that the actual results
or developments will be realized or, even if substantially realized, that they
will have the expected consequences to, or effects on, Entrec. These
forward-looking statements are made as of the date of this press release. Except
as required by applicable securities legislation, ENTREC assumes no obligation
to update publicly or revise any forward-looking statements to reflect
subsequent information, events, or circumstances.

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