Xtreme Drilling and Coil Services Corp. Officially Changes Name to Xtreme Drilling Corp.

CALGARY, AB--(Marketwired - July 04, 2016) - (TSX: XDC) - Xtreme Drilling and Coil Services Corp. ("Xtreme" or the "Company") is pleased to announce that Xtreme's planned name change from "Xtreme Drilling and Coil Services Corp." to "Xtreme Drilling Corp." is now complete. The name change resolution was approved by shareholders at the Company's special meeting of shareholders held on June 21, 2016 to consider the sale of its XSR coiled tubing drilling and coiled tubing assets to Schlumberger for C$205 million, which closed on June 23, 2016.

The Board of Directors of Xtreme and the shareholders of Xtreme have approved the name change. The Toronto Stock Exchange ("TSX") has informed Xtreme that the common shares of Xtreme will commence trading under the new name two or three business days following the date of this announcement. Xtreme will retain the TSX trading symbol "XDC" for its common shares.

For more information about Xtreme, please visit www.xtremecoil.com.