ENT Entrec Corporation

ENTREC Corporation (TSX VENTURE:ENT) ("ENTREC") is pleased to announce it has
amended its option to purchase a property (the "Property") in Fort McMurray,
Alberta such that ENTREC now has the option to purchase 15 acres of land instead
of 10 acres. The option is exercisable at any time following the receipt of
regulatory approval to the subdivision of the Property from the 27 acre parcel
of land in which it is currently included. Once regulatory approval to that
subdivision is received and the option is exercised, ENTREC intends to build a
shop and office on the Property to support its growth in the Fort McMurray
region. ENTREC is currently using the Property to store locally deployed
equipment. 


Perras Industrial Park Ltd. ("PIPL"), a non-arm's length party, acquired from an
arm's length vendor (the "Original Vendor") a 27 acre parcel of land in Fort
McMurray for $850,000 per acre. ENTREC has the option to purchase the Property
from PIPL for the same price per acre ($850,000 per acre). ENTREC initially paid
a deposit to PIPL of $3,500,000 and upon signing the amended option agreement
paid a further deposit of $6,500,000. The balance of the purchase price for the
Property ($2,750,000) is due upon the exercise of the option to purchase the
Property. PIPL utilized $5,000,000 of the further deposit to make a payment on
the vendor take-back mortgage on the Property.


Until the option to purchase the Property is exercised and as consideration for
the payment of the additional deposit, ENTREC will be permitted to occupy the
Property as tenant for no additional cost. 


The amended option agreement also provides that each of ENTREC and PIPL shall be
responsible for one-half of the costs and expenses incurred from and after April
1, 2013 related to the subdivision, development and sale of the 27 acre parcel
of land in which the Property is currently included and that each of ENTREC and
PIPL shall receive one-half of the net sale proceeds, after repayment of the
vendor take-back financing of the Original Vendor, from the sale of all or any
of the lands within that 27 acre parcel of land that are not acquired by ENTREC
on the exercise of its option (the "Excess Lands").


Each of Rod Marlin, one of ENTREC's directors and officers, and Glen Fleming,
also one of its officers, owns 20% of the shares of PIPL. Therefore the
transaction is technically a related party transaction under Multilateral
Instrument 61-101 adopted by the Ontario Securities Commission. However, the
purchase price for the Property, if the option to purchase is exercised, will be
identical to the purchase price paid by PIPL to the Original Vendor for the
Property. For the transaction, ENTREC is relying on the exemptions contained in
sections 5.5(a) and 5.7(a), respectively, of Multilateral Instrument 61-101 from
the valuation and minority shareholder requirements of that instrument as they
apply to related party transactions since the fair market value of the Property
is significantly less than 25% of ENTREC's market capitalization.


Reader Advisory

ENTREC will only be able to exercise its option to purchase the Property
following the receipt of regulatory approval to the subdivision of the Property
from the 27 acre parcel of land in which it is currently included and, while
such regulatory approval is anticipated to be received on favourable terms and
conditions, there can be no assurance that such regulatory approval will be
obtained or that it will be obtained on favourable terms and conditions. Also,
PIPL financed a significant portion of its original acquisition of the lands
with a vendor take-back financing and the Original Vendor registered its
interest in the entire 27 acre parcel of land as security for the vendor
take-back financing. If approval to the subdivision of the lands is not obtained
and if PIPL defaults on its obligations to the Original Vendor, ENTREC has the
option of purchasing the Excess Lands from PIPL subject to the then remaining
balance of the vendor take-back financing of the Original Vendor. If ENTREC does
not exercise that option, the Original Vendor may enforce its security interest
on the lands, including the Property leased by ENTREC. Further, PIPL is
obligated to use funds from the sale of the Excess Lands to repay the existing
vendor take-back financing of the Original Vendor. If not all of the Excess
Lands have been sold by September 30, 2014 and the existing vendor take-back
financing has not been repaid in full, ENTREC also has the option to loan PIPL
any amounts necessary to pay out the existing vendor take-back financing and
have ENTREC's loan registered as a first mortgage charge against the Excess
Lands.


About ENTREC

ENTREC specializes in the lifting, transportation (over the road and on-site),
loading, off-loading and setting of overweight and oversized cargo for the oil
and natural gas, construction, petrochemical, mining and power generation
industries. The common shares of ENTREC trade on the TSX Venture Exchange under
the trading symbol "ENT". 


Forward-looking statements

This press release contains forward-looking statements that reflect ENTREC's
current beliefs and that are based on information currently available to ENTREC
including statements relating to: (i) ENTREC either exercising its option to
purchase the Property or entering into a long term lease for the Property; and
(ii) the building of a shop on the lands to house ENTREC's Fort McMurray
operations. These statements require ENTREC to make assumptions it believes are
reasonable but, as a result of such assumptions, such forward-looking statements
are subject to inherent risks and uncertainties. Actual results and developments
may differ materially from the results and developments discussed in the
forward-looking statements as certain of these risks and uncertainties are
beyond ENTREC's control. The assumptions made by ENTREC in making the statements
relating to the building of a shop on the Property include, but are not limited
to, the following: (i) regulatory approval to the subdivision of the Property
from the 27 acre parcel of land in which it is currently included will be
received; (ii) ENTREC will exercise its option to purchase the Property; and
(iii) ENTREC will receive any debt financings required to complete the
acquisition of the Property, make future required payments or to build the shop.
The risks associated with the forward looking statements include the following:
(i) those identified under the "Reader Advisory" above; (ii) all required
regulatory approvals will not be obtained or will not be obtained on terms and
conditions anticipated by or favourable to ENTREC; and (iii) ENTREC will not be
able to obtain debt financing on acceptable terms. Although ENTREC believes that
the expectations and assumptions on which such forward-looking statements are
based are reasonable, undue reliance should not be placed on the forward-looking
statements because ENTREC can give no assurance that they will prove to be
correct. 


Readers are cautioned not to place undue reliance on these forward-looking
statements, which are given as of the date hereof, and to not use such
forward-looking statements for anything other than their intended purpose.
ENTREC undertakes no obligation to update publicly or revise any forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ENTREC Corporation
Rod Marlin
Chairman & CEO
(780) 960-5647


ENTREC Corporation
John M. Stevens
President & COO
(780) 960-5625


ENTREC Corporation
Jason Vandenberg
CFO
(780) 960-5630

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