Mullen Group Income Fund closes acquisition of Essential Energy Services Trust's Transport Division

CALGARY, July 2 /CNW/ - (TSX - MTL.UN) - The Mullen Group Income Fund ("Mullen" or the "Fund") announced today the closing of the previously announced acquisition of the assets and business of Essential Energy Services Trust's Transport Division ("Essential") which includes its fluid hauling and oilfield transport business units. These business units operate through a network of facilities strategically located in areas known for drilling activity and range from northeastern British Columbia and northern Alberta into central/southern Alberta and Saskatchewan. The fluid hauling business units acquired will operate as Cascade Services and JaCar Energy Services, both separate operating divisions of Cascade Energy Services L.P. The oilfield transport business units acquired will operate as Circle D Transport and Rentals, a division of Mullen Oilfield Services L.P., Prime Oilfield Hauling, a division of Withers L.P. and Leachman Oilfield Trucking, a division of Withers L.P. Polege Oilfield Hauling will now be operated under Withers L.P. The operating results of all the acquired business units will be included in Mullen's Oilfield Services Segment. Mullen is also very pleased to announce that Ken Wagner, the Chief Operating Officer of Essential, has accepted the position of President of Cascade Energy Services L.P.

This press release may contain forward-looking statements that are subject to risk factors associated with the oil and gas business and the overall economy. The Fund believes that the expectations reflected in this press release are reasonable, but results may be affected by a variety of variables. The Fund relies on litigation protection for "forward-looking" statements.

Mullen is an open-ended income fund that owns a network of independently operated businesses. Today the Mullen Group is recognized as the largest provider of specialized transportation and related services to the oil and natural gas industry in western Canada and as one of the leading suppliers of trucking and logistics services in Canada - two sectors of the economy in which the Fund has strong business relationships and industry leadership. Administration of the Fund is delegated to Mullen Group Inc. which, in addition to managing the Fund, provides management and financial expertise, technology and systems support to its independent businesses.

Mullen is a publicly traded income trust listed on the Toronto Stock Exchange under the symbol "MTL.UN". Additional information is available on our website at www.mullen-group.com.

Contacts

Mr. Murray K. Mullen - Chairman and Chief Executive Officer

Mr. Stephen H. Lockwood - President and Co-Chief Executive Officer

121A - 31 Southridge Drive
Okotoks
Alberta
Canada
T1S 2N3
Tel: (403) 995-5200
Toll-free: 1-866-995-7711
Fax: (403) 995-5296