Leader Energy Services Share Consolidation and Symbol Change

CALGARY, ALBERTA--(Marketwire - Aug. 10, 2009) - Leader Energy Services Ltd. (TSX VENTURE:LEE) ("Leader" or the "Company") today announced that pursuant to a resolution passed by shareholders June 11, 2009, the Company has consolidated its capital on a 3 old for 1 new basis. Effective at the opening August 11, 2009, the common shares of Leader will commence trading on TSX Venture Exchange on a consolidated basis under the symbol "LEA". The Company will have approximately 13,264,682 common shares outstanding after the consolidation. Further information can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com. Certain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "estimate", "believe", "likely", "will", or estimates of business activity, and similar expressions and statements relating to matters that are not historical facts, are forward looking statements. Such statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Leader to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Factors include commodity prices, demand for oil and gas related products and service, competition, political and economic conditions, demand and acceptance of new products and ways of doing business, changes in laws and regulations to which Leader is subject, and the ability to attract and retain key personnel.