WCC Consolidated Woodjam Copper Corp

Aveda Transportation and Energy Services Inc. ("Aveda" or the "Company") (TSX
VENTURE:AVE), a leading provider of oilfield hauling services and equipment
rentals to the energy industry, today announced that it has entered into an
amending agreement pursuant to which Werklund Capital Corporation ("WCC") has
granted Aveda the right to unilaterally convert $4.72 million principal amount
of convertible debentures registered in the name of WCC (the "Convertible
Debentures") into common shares of the Company (the "Common Shares"). Upon
electing to convert the Convertible Debentures into Common Shares, Aveda will
pay 75% of the remaining interest payable from the conversion date until
maturity. As part of its tax planning for fiscal 2013, Aveda intends to convert
the Convertible Debentures on or before December 31, 2013. The Convertible
Debentures have a term of three years, expire on December 13, 2014, bear
interest at a rate of 4% per annum, payable quarterly in arrears, and are
convertible into 1,850,980 Common Shares at a price of $2.55 per share.


"Over the last two years, the Aveda team has demonstrated a consistent ability
to improve the operational and, consequently, financial performance of the
business," said Mr. David Werklund, Executive Chairman of WCC. "We are firm
believers in the future growth of Aveda and, on that basis, intend to retain our
increased position in the Company post conversion."


"We are seeing an increasingly diverse and robust pipeline of acquisition
opportunities become available and are actively evaluating a number of avenues
for growth," said Mr. Bharat Mahajan, Vice-President, Finance and Chief
Financial Officer of Aveda. "The planned conversion of the Convertible
Debentures into Common Shares helps clean up the balance sheet and provides us
with improved financial flexibility to pursue and fund these and other growth
opportunities both organic and acquisitive."


Pursuant to the terms of the original transaction, upon full conversion, WCC
shall have the right to appoint one nominee to Aveda's Board of Directors. Based
on public filings, assuming the Convertible Debentures were converted as of the
date hereof, after giving effect to the conversion, WCC will own 6,567,335
Common Shares of the Company.


About Aveda Transportation and Energy Services

Aveda provides specialized transportation services and equipment required for
the exploration, development and production of petroleum resources in the
Western Canadian Sedimentary Basin and in the United States of America
principally in and around the states of Texas and Pennsylvania. Transportation
services include both the equipment necessary to move the load as well as a
trained, professional driver capable of securing, moving and manipulating the
load at its origin and destination. Aveda's rental operations include the rental
of tanks, mats, pickers, light towers and other equipment necessary for oilfield
operations.


Aveda was incorporated in 1994 as a private company to serve the oil and gas
industry. In the spring of 2006 the Company went public on the TSX Venture
Exchange. Aveda has major operations in Calgary, AB, Slave Lake, AB, Leduc, AB,
Sylvan Lake, AB Mineral Wells, TX, Pleasanton, TX, Midland, TX, Buckhannon, WV
and Williamsport, PA. Aveda is publicly traded on the TSX Venture Exchange under
the symbol AVE. For more information on Aveda please visit www.avedaenergy.com.


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.


Forward-looking statements

This news release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often, but not
always, identified by the use of words such as "anticipate", "achieve", "could",
"believe", "plan", "intend", "objective", "continuous", "ongoing", "estimate",
"outlook", "expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes. In particular, this
news release contains forward-looking statements relating to: demand for the
Company's services and general industry activity level; the anticipated
conversion of the Convertible Debentures into Common Shares; the Company's
growth opportunities; and expectation to maintain revenue and equipment
utilization. 


Management of the Company believes the expectations reflected in such
forward-looking statements are reasonable as of the date hereof but no assurance
can be given that these expectations will prove to be correct and such
forward-looking statements should not be unduly relied upon. Various material
factors and assumptions are typically applied in drawing conclusions or making
the forecasts or projections set out in forward-looking statements. Those
material factors and assumptions are based on information currently available to
Aveda, including information obtained from third party industry analysts and
other third party sources.


Forward-looking statements are not a guarantee of future performance and involve
a number of risks and uncertainties, some of which are described herein. Such
forward-looking statements necessarily involve known and unknown risks and
uncertainties, which may cause Aveda's actual performance and financial results
in future periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking statements.
These risks and uncertainties include, but are not limited to, the risks
identified in Aveda's annual information form and management discussion and
analysis for the year ended December 31, 2012 (the "MD&A"). Any forward-looking
statements are made as of the date hereof and, except as required by law, Aveda
assumes no obligation to publicly update or revise such statements to reflect
new information, subsequent or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aveda Transportation and Energy Services
Bharat Mahajan, CA
Vice President, Finance and Chief Financial Officer
(403) 264-5769
bharat.mahajan@avedaenergy.com
www.avedaenergy.com

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