Calfrac Well Services Ltd.

11:54 AM EST - Calfrac Well Services Ltd. : Acknowledges receipt of an unsolicited offer by THRC Holdings L.P., an affiliate of Wilks Brothers, LLC, to acquire all of the Calfrac common shares that it and its affiliates do not already own. The unsolicited offer will be reviewed by the Special Committee and the Board of Directors with the assistance of their financial and legal advisors. Calfrac's Board of Directors will file a directors' circular in due course. Calfrac Well Services Ltd. shares T.CFW are trading down $0.005 at $0.15.

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