News Release - Horizon North Logistics Inc. Announces Opening Of Black Sand Executive Lodge



    CALGARY, June 12 /CNW/ - Horizon North Logistics Inc. ("Horizon" or the
"Company") announces that Suncor Energy Services Ltd. ("Suncor") has agreed to
utilize all of the rooms in its Black Sand Executive Lodge when it commences
operation, which is expected to occur on June 15. The lodge, located
30 kilometers north of Fort McMurray, Alberta, will open with 150 rooms
available for occupancy, gradually increasing to full capacity of 500 rooms by
September. Horizon currently has plans to expand the lodge to a total capacity
of 640 rooms and Suncor has a right of first refusal to take up those rooms as
they become available.
    The Company also announces that it has selected a location for its second
executive lodge in the Strathcona and Lamont county region, northeast of
Edmonton, Alberta. Horizon plans to build an executive lodge similar to its
Black Sand Executive Lodge on the site, which was selected because of its
proximity to the large number of upgrader projects that are operating, under
construction or being planned in the area.
    "The room rental and catering rates we are receiving at our Black Sand
Executive Lodge are consistent with the estimated project economics used when
we decided to proceed with construction. The agreement with Suncor is a strong
endorsement of the concept of higher end accommodation units in the work force
housing market as a means of attracting and retaining personnel. We are now in
a position to execute the second leg of our previously announced plan to build
two executive lodges, further diversifying our revenue stream away from the
conventional oil and gas market towards the less seasonal, longer term oil
sands related market," said Ric Peterson, Horizon's Chairman and Chief
Executive Officer.

    Forward Looking Information

    Certain statements contained in this Press Release, including statements
related to the development of a new lodge and statements that contain words
such as "could", "should", "can", "anticipate", "expect", "believe", "will",
"may", "likely" and similar expressions and statements relating to matters
that are not historical facts and constitute "forward-looking information"
within the meaning of applicable Canadian securities legislation.
    These statements are based on certain assumptions and analysis made by
the Company in light of its experience and its perception of expected future
developments as well as other factors it believes are appropriate in the
circumstances. However, whether actual results, performance or achievements
will conform to the Company's expectations and predictions is subject to a
number of known and unknown risks and uncertainties which could cause actual
results to differ materially from the Company's expectations. Consequently,
all of the forward-looking information and statements made in this press
release are qualified by these developments anticipated by the Company will be
realized or, even if substantially realized, that they will have the expected
consequence to or effects on the Company or its business or operations.

    Horizon is listed on the Toronto Stock Exchange under the trading symbol
HNL.




For further information:

For further information: Ric Peterson, Chairman and Chief Executive
Officer or Bob German, Vice President Finance and Chief Financial Officer,
1600, 505 - 3 Street S.W., Calgary, AB, T2P 3E6, Telephone: (403) 517-4654,
Fax: (403) 517-4678, website: www.horizonnorth.ca


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