Bearstone Environmental Solutions Inc.

Operating subsidiary of New West Energy Services Inc. was advanced the first loan from a U.S.-based lender, pursuant to a term loan and security agreement. This loan will repay amounts owed under a term loan with Bearstone's previous lender. Bearstone also was advanced a second loan of about C$4.8 million to acquire a fleet of operating equipment. First loan has five-year term and second has a six-year term. Lender also made available a revolving term credit facility of up to $3 million, which will pay out an existing revolving credit facility with Bearstone's previous lender—about C$ $620,000, and support general corporate purposes. Revolving loan has a three-year term.. New issued the lender a common share purchase warrant for 6 million shares at 5 cents each for three years. Warrants and shares subject to four-month hold period and TSX Venture Exchange final approval.