Winalta Announces Contract for Three Integrated Wellsite Systems and $0.01 Cash Dividend for September 26, 2013 Payment Date

CALGARY, Aug. 26, 2013 /CNW/ - Winalta Inc. ("Winalta" or the "Company") is pleased to announce it has entered into a long term service agreement to supply three Integrated Wellsite Systems (IWS) to an oil and gas producer operating in the Fort McMurray area. Winalta now has in place six IWS agreements from four different oil and gas producers. Three IWS are already operational and these additional three IWS are expected to be deployed in September, October and November, respectively.

Under the service agreement, Winalta will contract the three IWS to its customer for 1 year. The service agreement includes a right of first refusal for a second and third year. The service agreement contains a modified take or pay clause which will guarantee Winalta's utilization of the IWS over the first year of operations.

About the IWS

The IWS is a new product to the surface rentals business and was designed by Winalta and its manufacturer, ALTA-FAB Structures Ltd. The design of the IWS was purpose built to bring an office work environment to SAGD pad and multilateral drilling platforms. The IWS is a six unit, fully self-contained, office and executive living quarters for up to 12 field personnel. Many SAGD and multilateral drilling pad locations use individual Wellsites and a separate office trailer for their employees. Winalta's IWS complex integrates those units into a single living and work space that facilitates communication and productivity amongst field personnel while decreasing the onsite footprint.

Winalta is pleased to announce a quarterly cash dividend of $0.01 per class "A" common share payable on September 26, 2013 to all shareholders of record on September 12, 2013. The ex-dividend date for this payment is September 10, 2013. This dividend is an eligible dividend for Canadian income tax purposes.

Winalta Oilfield Rentals, specializes in innovative and high-quality modular buildings for the Western Canadian Oil and Gas Industry. Winalta's rental fleet is comprised of single-unit Wellsites, Integrated Wellsite Systems (IWS), Dedicated Geo Labs, and Drill Camps.

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 accuracy of this release.

Forward-looking information

Certain information set forth in this press release, including the timing for IWS mobilization and IWS utilization may constitute forward-looking statements. By their nature, forward-looking statements involve material assumptions and are subject to numerous risks and uncertainties, including with respect to market and economic conditions and their impact on the Company's business, some of which, are beyond the Company's control. Readers are cautioned not to place undue reliance on the forward-looking statements as the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and actual results, performance or outcomes could materially differ from those expressed or implied in such forward-looking statements and accordingly, no assurance can be given that any of the events anticipated by forward looking statements will transpire or occur, or if any of them do so, what benefit Winalta will derive there from. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

SOURCE: Winalta Inc.

Austin Fraser, President

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David Hopley, CFO

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[email protected]