Hanwei Energy Confirms New International Pipe Supply Contracts for Kazakhstan Oil and Gas Applications

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2011) - Hanwei Energy Services Corp. (TSX:HE) ("Hanwei" or the "Company"), today announced that it has recently confirmed new supply contracts to several customers in Kazakhstan for its high performance Fiberglass Reinforced Plastic ("FRP") pipe products of approximately $2.1 million. The projects are located in Kazakhstan's North Buzachi oil field and will be utilized for distribution line installations.

Inclusive of the abovementioned new contracts, the Company has confirmed total sales orders to date for the Kazakhstan market of approximately $7.42 million which are expected to be fully produced and shipped in the Company's current fiscal year ending March 31, 2012. These sales orders represent a significant increase over the prior full year's results; in fiscal 2011 the Company supplied approximately $2.64 million of FRP pipe to the Kazakhstan market.

Consistent with its strategic focus on its core FRP pipe business these new international pipe contracts in Kazakhstan represent one region of the Company's sales activities serving to grow the geographic distribution of its pipe sales globally.

About Hanwei Energy Services Corp.

Hanwei Energy Services Corp. is the leading Chinese manufacturer of high pressure, fiberglass reinforced plastic ("FRP") pipe products and associated technologies and services for international oil and gas, infrastructure and industrial applications. Hanwei serves major energy customers in the Chinese and global energy markets.

www.hanweienergy.com

FORWARD-LOOKING INFORMATION

Certain information in this press release that is not current or historical factual information may constitute forward-looking information within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. Material factors or risks which could cause actual results or events to differ materially from a conclusion in such forward-looking information include the risks that the Company may not be able to fulfill its sales orders, the sales of FRP pipe products may not materialize, the Company is unable to make deliveries of FRP pipe products in Kazakhstan, the Company is not able to meet its working capital and financing needs, the creditworthiness of the Company's customers deteriorates and the Company is unable to collect on outstanding accounts receivable, as well as the risks set out in the risk factors section of the Company's Annual Information Form dated June 20, 2011 filed with Canadian securities regulators and available on SEDAR at www.sedar.com.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE PRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, THE COMPANY DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, EXCEPT AS REQUIRED BY APPLICABLE SECURITIES LEGISLATION.