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Ceiba Energy Services Announces Stock Option Grant

CALGARY, ALBERTA -- (Marketwired) -- 08/29/14 -- Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) has granted a total of 275,000 stock options to employees and an independent director of Ceiba at an exercise price of $1.08. No options were granted to officers of the Company.

The stock options have been granted pursuant to Ceiba's 10% rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one third thereof starting at the date of grant and at the next two anniversaries of the date of grant. Subsequent to this stock option grant, Ceiba will have a total of 7,615,000 stock options outstanding.

About Ceiba Energy Services Inc.

Ceiba provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in 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

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.

Contacts:
Ceiba Energy Services Inc.
Ian Simister
President
403-262-2783

Ceiba Energy Services Inc.
Peter Cheung
CFO and Corporate Secretary
403-262-2783

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