Peak Energy Services Trust Announces it Satisfies the TSX's Continued Listing
Requirements

TSX SYMBOL: PES.UN

CALGARY, May 26 /CNW/ - Peak Energy Services Trust ("Peak" or the "Trust") announced today that it has been advised by the Listings Committee of the Toronto Stock Exchange ("TSX") that they have completed their delisting review. The review determined that Peak satisfies the TSX's continued listing requirements.

About Peak Energy Services Trust

Peak Energy Services Trust is a diversified energy services organization operating in western Canada and the United States. Through its various operating divisions, Peak provides drilling and production services to its customers both in the conventional oil and natural gas industry as well as the oil sands regions of western Canada. The Trust also provides water technology solutions to a variety of customers throughout North America. Peak's units are listed on the TSX under the symbol "PES.UN".

For further information: Peak Energy Services Trust, Mr. Curtis W. Whitteron, President and Chief Executive Officer, [phone], [phone] (FAX); or Peak Energy Services Trust, Mr. Monty R. Balderston, Chief Financial Officer, [phone], [phone] (FAX)