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2012 Capital Expenditure Program

For the year ended December 31, 2012, ENTREC expects to report capital expenditures of approximately $50 million, subject to final year-end adjustments. This is higher than the previously announced program of $39 million, with the increase primarily reflecting the impact of a $3.5 million initial deposit related to the acquisition of the Fort McMurray property and $9 million incurred in the fourth quarter of 2012 to buy out existing crane units previously rented under short-term operating leases. At December 31, 2012, ENTREC's net debt was approximately $107 million (subject to final year-end adjustments), including the value of the unsecured subordinated debentures financing for gross proceeds of $25 million completed in October 2012.

Revenue Guidance Increased

Based on current expectations for future business activity, ENTREC estimates revenue for the year ending December 31, 2013 could exceed $215 million. This represents an increase from previous revenue guidance of $200 million and includes anticipated incremental revenue of $4 million from the Taylor Crane acquisition.

For the year ended December 31, 2012, ENTREC estimates its revenue will slightly exceed the high end of its previous revenue guidance of between $125 million and $130 million. Final 2012 revenue results are subject to final year-end billing and accounting adjustments, and as a result, may be different from current expectations.

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 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 which reflect ENTREC's current beliefs and are based on information currently available to ENTREC. These statements require ENTREC to make assumptions it believes are reasonable and 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.

Examples of such forward-looking statements in this press release relate to, but are not limited to: ENTREC's projection that revenue for the year ending December 31, 2013 could exceed 215 million, ENTREC's expectation that revenue for the year ended December 31, 2012 will slightly exceed the high end of its previous guidance of between $125 and $130 million; expectation the recent acquisitions of Rain Coast, Tiggo and Taylor Crane will complement the Company's current crane and heavy haul transportation operations and position ENTREC to benefit from the burgeoning industrial development throughout Northern BC and Northwest Alberta; expectation the Company will execute its 2013 capital expenditure program of $50 million; and that ENTREC's 2012 capital expenditure program will approximate $50 million.

These forward-looking statements involve a number of significant assumptions. Key assumptions utilized in developing forward-looking statements related to ENTREC's future growth expectations include achieving its internal revenue, net income and cash flow forecasts for 2013 and 2014. Achieving these forecasts is largely dependent on a number of factors beyond ENTREC's control including all of the risks discussed further under the "Business Risks" section in ENTREC's Management Discussion and Analysis for the three months ended September 30, 2012. These risk factors are interdependent and the impact of any one risk or uncertainty on a particular forward-looking statement is not determinable.

ENTREC's ability to finance its capital expenditure programs is dependent on its ability to achieve debt financing terms acceptable to the lenders and ENTREC as well as meeting ENTREC's internal cash flow forecasts.

Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, ENTREC. These forward-looking statements are made as of the date of this press release. Except as required by applicable securities legislation, ENTREC assumes no obligation to update publicly or revise any forward-looking statements to reflect subsequent information, events, or circumstances.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:
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
www.entrec.com