Calfrac announces dividend

    CALGARY, June 11 /CNW/ - Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW)
is pleased to announce that the Board of Directors has declared a dividend
pursuant to Calfrac's semi-annual dividend policy. The dividend of $0.05 per
common share will be paid on July 10, 2007 to shareholders of record on
June 20, 2007.

    Calfrac Well Services Ltd. is a leading provider of specialized oilfield
services, including fracturing, coiled tubing, cementing and well stimulation
services, which are designed to increase the production of hydrocarbons from
wells drilled throughout western Canada, the United States and Russia.

    %SEDAR: 00002062E

For further information:

For further information: Douglas R. Ramsay, President and Chief
Executive Officer, Telephone: (403) 266-6000, Fax: (403) 266-7381; Tom
Medvedic, Vice President, Finance and Chief Financial Officer, Telephone:
(403) 266-6000, Fax: (403) 266-7381

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