Trinidad Drilling Ltd. Declares Fourth Quarter Dividend

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TSX SYMBOL: TDG

CALGARY, Dec. 15, 2014 /CNW/ - The Board of Directors of Trinidad Drilling Ltd. (Trinidad) has declared a cash dividend for the fourth quarter of 2014 of $0.05 per common share to be paid January 15, 2015 to shareholders of record on December 31, 2014.  The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.

Trinidad is a corporation focused on sustainable growth that trades on the TSX under the symbol TDG. Trinidad's divisions operate in the drilling and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada and the United States. In addition, through a joint venture agreement signed in the previous year, Trinidad began operating drilling rigs in Saudi Arabia, expects to begin operations in Mexico by the end of 2014, and is currently looking into operations in other international markets. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the shares in any jurisdiction.  The shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to a United States person, absent registration, or an applicable exemption therefrom.

SOURCE: Trinidad Drilling Ltd.

Lisa Ottmann, Vice President, Investor Relations, [phone], email: [email protected]