COTS Receives Purchase Order for New Projects in Mexico and Tests Finance Model

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.

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