ENT Entrec Corporation

ENTREC Corporation (TSX VENTURE:ENT) ("ENTREC") today announced that it has
closed its previously announced offering (the "Offering") of 7.00% convertible
unsecured subordinated debentures (the "Debentures"), pursuant to which ENTREC
issued and sold an aggregate $22,000,000 principal amount of Debentures at a
price of $1,000 per Debenture. A syndicate of underwriters led by National Bank
Financial Inc., and including Scotia Capital Inc., Canaccord Genuity Corp. and
GMP Securities L.P., acted as underwriters for the Offering. The Offering was
made by way of a short form prospectus dated October 23, 2012 filed by ENTREC
with the securities commissions and other similar regulatory authorities in each
of the provinces of Canada, except Quebec. 


ENTREC has granted the underwriters an irrevocable option to purchase, at the
underwriters' election, exercisable in whole or in part at any time and from
time to time up to 30 days following the closing of the Offering, up to
$3,300,000 principal amount of additional Debentures on the same basis. 


ENTREC intends to use the net proceeds of the Offering to fund future capital
expenditures and, if necessary, for potential future business acquisitions,
working capital and general corporate purposes. 


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

Certain statements included in this news release, including statements or
information that contain terminology such as "anticipate", "believe", "intend",
"expect", "estimate", "may", "could", "will", and similar expressions,
constitute "forward-looking statements" within the meaning of applicable
Canadian securities legislation. All statements, other than statements of
historical fact, that address activities, events, or developments that ENTREC or
a third party expects or anticipates will or may occur in the future are
forward-looking statements. These forward-looking statements reflect ENTREC's
current beliefs and are based on information currently available to ENTREC.
These statements require ENTREC to make assumptions that ENTREC believes are
reasonable and are subject to inherent risks and uncertainties. Forward-looking
statements are not guarantees of future performance and 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 included in this news release
include, but are not limited to ENTREC's expectations regarding the use of
proceeds of the Offering. Assumptions underlying ENTREC's expectations regarding
the use of proceeds of the Offering include, among others: (i) that ENTREC will
use the net proceeds derived from the Offering in the manner specified herein;
(ii) that potential future acquisitions will be available on reasonable terms;
(iii) that ENTREC is able to receive all required regulatory and third party
approvals required to complete any potential future acquisitions; and (iv) that
such potential acquisitions can be successfully completed. Some of the risks and
other factors, some of which are beyond ENTREC's control, which could cause
results to differ materially from those expressed in such forward-looking
statements include, but are not limited to: (i) there may be circumstances that
are not known to ENTREC at this time where re-allocations of the net proceeds
from the Offering may be advisable for business reasons that management believes
are in ENTREC's best interests; (ii) general economic, market and business
conditions in Canada and the other jurisdictions where ENTREC operates; (iii)
that ENTREC is unable to identify acceptable future acquisition targets for any
reason; (iv) that potential future acquisitions may not be available on
reasonable terms; and (v) that ENTREC will be unable to obtain all required
regulatory and third party approvals to complete potential acquisitions or will
be unable to complete potential future acquisitions for any reason. 


Consequently, all of the forward-looking statements included in this news
release are qualified by these cautionary statements and other cautionary
statements or risk 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 news
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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ENTREC Corporation
Rod Marlin
Chairman & CEO
(780) 960-5647


ENTREC Corporation
John M. Stevens
President & COO
(780) 960-5625


ENTREC Corporation
Jason Vandenberg
CFO
(780) 960-5630

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