ENT Entrec Corporation

ENTREC Corporation ("ENTREC") (TSX VENTURE:ENT) is pleased to announce it has
entered into a letter of intent, subject to certain conditions, with Rain Coast
Cranes & Equipment Inc. ("RAIN COAST"). With operating locations in Kitimat and
Prince George, RAIN COAST has been providing crane services for over 25 years to
customers throughout British Columbia. 


"We are very excited about our merger with ENTREC as our combined crane fleets
will allow us to serve the growing demand for our services from our customers,"
comments Milt Lindsay, RAIN COAST's Founder and President. "We are very proud of
the talented employee group we have at RAIN COAST and look forward to the
opportunities we can provide our employees as a combined and growing entity." 


"RAIN COAST represents a significant expansion opportunity for ENTREC," comments
John M. Stevens, ENTREC's President and COO. "RAIN COAST comes with a committed
management team and is well positioned to benefit from the burgeoning
development of LNG facilities planned for the Kitimat region over the coming
years as well as ongoing mining, hydro-electric, pipelines, and other major
projects throughout northern BC. In total there is currently in excess of $45
billion in major projects announced for the northwest BC region." 


RAIN COAST's equipment fleet includes approximately 20 cranes, including carry
deck, boom truck, rough terrain, all terrain and hydraulic truck mounted cranes.
The equipment fleet also includes several power units and trailers used to
support its crane operations.


Going forward post-transaction, the Lindsay family will continue to manage Rain
Coast's current operating locations in Terrace-Kitimat and Prince George, BC. 


The aggregate consideration payable for 100% of the shares of RAIN COAST will
consist of (i) the issuance of 4,400,000 common shares of ENTREC; and (ii)
$10,000,000 in cash, less any debt outstanding as at closing. The acquisition of
RAIN COAST is anticipated to close on October 1, 2012.


During the twelve month period ended June 30, 2012, RAIN COAST generated
earnings before interest, taxes, depreciation and amortization ("EBITDA") of
approximately $8 million. 


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 lifting, transportation (over the road and on-site),
loading, off-loading and setting 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 assumptions, 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 RAIN COAST acquisition
will be completed and the terms on which it will be completed. These
forward-looking statements rely on certain expectations and assumptions,
including, among others, (i) the results of ENTREC's due diligence review of the
business 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) RAIN COAST meeting or
exceeding ENTREC's internal revenue, net income, 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. 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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