CALGARY, ALBERTA--(Marketwire - Nov. 24, 2011) - Cdn Oilfield Technologies & Solutions Corp. (TSX VENTURE:OTS) -

The corporation is pleased to announce that its 100% wholly owned Mexican subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V. ("COTS") has received a new purchase order for the supply and installation of 3" Ansi 600 flexible pipe and connectors to install 7.053 km of Flexsteel™ Pipeline Products rated at 1500 psi for the wells identified as RICOS 1 - 1.953 KM, RUSCO 3 - 0.766 KM, CAUCALOSO 45 - 2.947 KM, GRANADITAS 4 - 1.235 KM and CUITLAHUAC 977 - 0.152 KM, owned and operated by Pemex, the state owned oil and gas producer under contract to an established Mexican service company.

COTS has successfully installed 18.7 km of Flexsteel flexible pipe and accessories to date without failure or incident and continues to execute on its business strategy demonstrating industry leadership in Mexico.

COTS is working closely with local financiers and contractors in Mexico to finance individual projects at no cost to the company and with no dilution to investors. Under the new financing model, payments for completed projects will be made directly to COTS under a credit facility that guarantees the distribution of payments. The new financing model will allow projects to be self-financed and COTS will be able to grow at a more rapid rate, allowing the company to take on larger projects and with no additional risk exposure. A pilot project under the new financing model is currently underway and the processes will be monitored closely to ensure its success.

Reader Advisory

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to, anticipated sales of the company and completion of installation projects. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: general economic conditions in Canada and Mexico and globally; industry conditions, governmental regulation, including environmental regulation; unanticipated operating events or performance; failure to obtain industry partner and other third party consents and approvals, if and when required; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; competition for, among other things, capital, skilled personnel and supplies; changes in tax laws; and the other industry and geographic specific risk factors. Investors are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Investors are cautioned not to place undue reliance on forward-looking information.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state of the United States or any other jurisdiction outside of Canada in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws.

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Contact Information:

Cdn Oilfield Technologies & Solutions Corp.
Phil D'Angelo
(403) 543-0060
(403) 543-0069 (FAX)