Calfrac announces dividend

CALGARY, June 15 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce that its Board of Directors has declared a dividend pursuant to its semi-annual dividend policy. The dividend of $0.05 per common share will be paid on July 15, 2010 to shareholders of record on June 30, 2010.

Calfrac's common shares are publicly traded on the Toronto Stock Exchange under the trading symbol "CFW". Calfrac provides specialized oilfield services to exploration and production companies designed to increase the production of hydrocarbons from wells drilled throughout western Canada, the United States, Russia, Mexico and Argentina.

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For further information: Douglas R. Ramsay, President and Chief Executive Officer, Telephone: [phone], Fax: [phone]; Laura A. Cillis, Senior Vice President, Finance and Chief Financial Officer, Telephone: [phone], Fax: [phone]; Tom J. Medvedic, Senior Vice President, Corporate Development, Telephone: [phone], Fax: [phone]