Cordy Oilfield Services Inc. ("Cordy") (TSX VENTURE:CKK) is pleased to announce
that it entered into an Asset Purchase Agreement with Lyncorp International Ltd.
("Lyncorp") (the "Transaction") pursuant to which Cordy has purchased sixteen
pieces of heavy construction equipment from Lyncorp for an aggregate purchase
price of $4,649,000 + GST. The purchase price was paid by Cordy in cash.  


Lyncorp is wholly-owned and controlled by David Mullen, the Chief Executive
Officer, Chairman and a director of Cordy. Together, David Mullen and Lyncorp
hold approximately 19.19% of Cordy's outstanding common shares. 


Cordy has determined that exemptions from the various requirements of the TSX
Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for
the purchase of the Assets from Lyncorp (Minority Approval - Fair Market Value
Not More Than 25% of Market Capitalization).


Additional information on Cordy is available on our website www.cordy.ca or on
SEDAR at www.sedar.com. 


Forward Looking Statements

This press release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate", "may", "will",
"should", "believe", "plans", "intends" and similar expressions are intended to
identify forward-looking information or statements. In particular, this news
release contains forward-looking information regarding the Transaction and
timing with respect to the closing of the second tranche. All statements
included herein, other than statements of historical fact, constitute
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of certain assumptions used
to develop such forward-looking information and a description of risk factors
that may cause actual results to differ materially from forward-looking
information can be found in the Corporation's disclosure documents on the SEDAR
website at www.sedar.com. The Corporation does not undertake to update any
forward-looking information except in accordance with applicable securities
laws.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For general or investor relations information,
please contact: Cordy Oilfield Services Inc.
David Mullen, Chairman and CEO
(403) 266-2067
(403) 266-2087 (FAX)
dmullen@cordy.ca
www.cordy.ca
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