CALGARY, ALBERTA--(Marketwire - May 10, 2012) - Savanna Energy Services Corp. ("Savanna") (TSX:SVY) is pleased to announce that its Board of Directors has declared a monthly dividend payment of $0.03 (Cdn.) per share to holders of Common Shares. The date of record will be May 31, 2012 and the payment date will be June 15, 2012. The ex-dividend date is June 13,2012. This dividend is an eligible dividend for Canadian income tax purposes.

Savanna is a leading North American contract drilling and oilfield services company providing a broad range of drilling, well servicing and related services with a focus on fit for purpose technologies and industry-leading aboriginal relationships.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ken Mullen
Savanna Energy Services Corp.
President and CEO
(403) 503-9990
(403) 267-6749 (FAX)

OR

Darcy Draudson
Savanna Energy Services Corp.
Vice-President, Finance and CFO
(403) 503-9990
(403) 267-6749 (FAX)
www.savannaenergy.com