Investor Presentation | June 2012

FORWARD LOOKING INFORMATION

This presentation contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements")within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements.Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective","continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting futureoutcomes. In particular, this presentation contains forward-looking statements relating to: future growth; results of operations; operational and financialperformance; projected capital expenditures and commitments and the financing thereof; expansion; increases in revenue; equipment delivery and deploymentdates; effect of rebranding; geographic allocation of equipment; customer commitments; ability to establish a working relationship with third party suppliers;expectations regarding the Corporation's ability to raise capital and to increase its equipment fleet; benefits associated with financial results; activity levels; businessstrategy; successful integration of structural changes; restructuring plans; organic growth potential; acquisitions and availability of insurance coverage. Avedabelieves the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectationswill prove to be correct and such forward-looking statements should not be unduly relied upon.Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements.Those material factors and assumptions are based on information currently available to Aveda, including information obtained from third party industry analysts andother third party sources. In some instances, material assumptions and material factors are presented elsewhere in this presentation in connection with theforward-looking statements. Readers are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors andassumptions include, but are not limited to:• the performance of Aveda’s businesses, including current business and economic trends;• oil and natural gas commodity prices and production levels;• capital expenditure programs and other expenditures by Aveda and its customers:• the ability of Aveda to retain and hire qualified personnel;• the ability of Aveda to obtain parts, consumables, equipment, technology, and supplies in a timely manner to carry out its activities;• the ability of Aveda to maintain good working relationships with key suppliers;• the ability of Aveda to market its services successfully to existing and new customers;• the ability of Aveda to obtain timely financing on acceptable terms;• currency exchange and interest rates;• risks associated with foreign operations;• changes under governmental regulatory regimes and tax, environmental and other laws in Canada and the United States; and• a stable competitive environment.Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Suchforward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Aveda’s actual performance and financial results infuture periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks anduncertainties include, but are not limited to, the risks identified by Aveda’s annual information form and management discussion and analysis for the year endedDecember 31, 2011 (the "MD&A") and contained herein under the heading "Risk Factors". Any forward-looking statements are made as of the date hereof and,except as required by law, Aveda assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. 2

Oilfield Hauling Oilfield Rentals Matting Tanks Light towers

Rig moving Heavy hauling Hot shot services

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Aveda Transportation and Energy Services (“Aveda” or the “Company”) is a growing provider of specialized oilfieldhauling and rentals to the US and Western Canadian oil and gas industry

Aveda was founded in 1994, went public in 2006 and was recapitalized in 2011

The Company is well positioned to take advantage of attractive organic and acquisition growth opportunitiesthroughout North America

Multiple cross-over business opportunities achieved through oilfield hauling and rental business units

COMPANY OVERVIEW

ManagementDavid Werklund – Chairman, Interim President and CEO Has been the Chairman of Aveda since 2006 and was appointed

Interim President and CEO of Aveda in September 2011 Began career in 1965 at Shell Canada as a Production Operator Founder and Chairman of the Board of Directors of CCS

Corporation (now Tervita Corporation) Co-Founder of Concord Well Servicing Founder & Executive Chairman of Werklund Capital The 2005 Ernst & Young's Canadian Entrepreneur of the Year

Bharat Mahajan – CFO Joined Aveda in October 2011 Held several positions with Magna International overseeing

various international growth initiatives Former CFO of several oilfield service companies, including

WellPoint Systems Inc. and Norex Exploration Services Inc.

Wayne Thompson – Vice President, Operations More than 40 years of oilfield experience Previously President DC Energy Oilfield Rentals Former owner and CEO Radar Well Servicing

Independent Board MembersMartin Cheyne Has more than 25 years of diversified oil and gas experience Founder of DeeThree Exploration Ltd. Former President and Director of Dual Exploration Inc. and Devlan

Exploration Inc.; both purchased by Cyries Exploration Inc.

Doug McCartney Managing Partner of Burstall Winger LLP Practices in the areas of securities and corporate finance and

corporate and commercial law Director or officer of several public and private companies

Paul Shelley President of Convinco Financial Ltd. Former Senior Vice President, Corporate Development at Kos Corp.

Investments Ltd. 25 years experience finance experience with GE Capital and RBC

MANAGEMENT AND BOARD OF DIRECTORS

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Historical Shareholder Returns CCS Selected Historical Acquisitions

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David Werklund founded CCS Corporation (now Tervita Corporation) in 1984 and built it largely through theconsolidation of several oilfield services companies and organic growth

CCS privatized in 2007 for approximately C$3.5 billion (the largest Trust privatization in Canadian history)

MANAGEMENT TRACK RECORD

Source: FactSet

CAGR Total Return

CCS 24% 2490%

Capitalization Balance Sheet Summary (1)

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Share price (June 4, 2012) $2.80

Shares Outstanding Basic (mm)(1) 10.0

Shares Outstanding Fully Diluted (mm)(1) 10.7

FD Market Capitalization ($mm) $30.1

Net Debt ($mm)(1)

Loans and Borrowings $22.7

Convertible Debenture (face)(2) $4.7

Cash(1)(3) -$11.9

Total Net Debt ($mm) $15.5

Enterprise Value ($mm) $45.6

Operating Line Available ($mm) $12.3

Property and Equipment ($mm) $35.3

Working Capital ($mm) $22.5

Total Assets/Tangible Assets ($mm) $67.2/$66.8

CAPITALIZATION SNAPSHOT

(1) At March 31, 2012 and accounts for June 2012 $8mm bought deal financing(2) Convertible into 1,850,980 common shares at $2.55(3) Includes potential cash from exercise of all options and warrants of $2.7 million and adjusted for proceeds from June 2012 financing(4) Calculated based on total basic shares outstanding as at March 31, 2012

Shareholder Summary (1)(4)

Werklund Capital Corp 36.7%

Other Insiders 16.5%

Total Insiders 53.2%

616

207

Permian

301256

55Barnett

137

Bakken

WCSB

(1) Active rigs as at January 31, 2012; as per Baker Hughes & CAODC

Marcellus

Active in Play / RegionRecently Opened OfficeExpansion Opportunity

Oil Focused

NGL Focused

Aveda has a targeted growthplan that is focused on targetingoil/liquid rich weighted basinsacross North America

Based on a recent marketanalysis, Aveda estimates eachrig moves approximately 1.4times per month or 17 times peryear (42,500 moves per year)

Aveda’s reputation, customerrelationships and quality serviceresults in high utilization of itstransportation equipment

More than 2,500 Active Rigs in North America(1)

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OILFIELD HAULING MARKET

Eagle Ford

North American ActiveLand Rig Count(1)

2012 2,565

2011 2,252

2010 1,772

2009 1,826

NORTH AMERICAN OPERATIONS

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Eight offices located in the heartof the key North Americanresource plays

Significant expansion opportunitiesespecially in U.S. markets

Flexible workforce can betransferred cross border to highactivity areas

Experienced team of more than200 employees

GRAND PRAIRIE

NISKU

CALGARY

MINERAL WELLS

PLEASANTON

SLAVE LAKE

MELITA

WILLIAMSPORT

Oilfield Hauling Locations

Asset Allocation

30%

70%

U.S. Canada

OILFIELD HAULING OVERVIEW

Modern, well maintained fleet 2011: 390 pieces of equipment in fleet (114

power units) 2012: 63 pieces of equipment on order (25

power units) 203 employees (120 drivers) Fragmented industry makes for attractive

consolidation opportunities Primary competitors include TransForce, Mullen, Flint

and regional specialty haulers

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2

15

26

71

276

0 50 100 150 200 250 300

All-Terrain

Picker

Bed Truck

Winch Tractor

Trailer

390 Pieces of Equipment in Hauling Fleet Blue Chip Customer Base

OILFIELD HAULING CASE STUDY

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Competitor

11 days

Aveda

4 days

40 mile rig move – Marcellus Shale (1)

Aveda has outperformed its competitors as a result of: Newer, more specialized equipment Experienced personnel Planning and communications Ability to meet industry demands for heavier equipment and larger loads

The Result: 11% price premium for Aveda 64% reduction in rig downtime for customer

(1) 1,250 hp, jackknife triple rig, ~ 70 loads

OILFIELD RENTALS OVERVIEW

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Modern, well maintained equipment with 360pieces in the rentals fleet

Currently contributes approximately 5% of totalrevenue

Plan to build critical mass though theacquisition of competitors with similar orcomplementary equipment

Typical acquisition multiples identified at 1.5xto 3.2x TTM EBITDA

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37

62

92

162

0 50 100 150 200

Generators

Miscellaneous

Light Towers

400 Bbl Tanks

Rig Mats

360 Pieces of Equipment in Rental Fleet Blue Chip Customer Base

GROWTH STRATEGY

Capital Expenditure Program $16 million capital budget for 2012

$14 million for organic oilfield hauling fleet expansion Investing $1 million in transportation management systems Allocating $1 million for facility and leasehold improvements

Organic Growth Initiatives Additional $10 million in near term growth CapEx being evaluated Existing Customers

Rig moving and ancillary equipment (e.g. tanks, trailers, etc.) Implement transportation management systems (e.g. GPS, satellite communications)

Expansion into New Areas Target high activity resource plays focused on oil and NGL exploration

Growth Through Acquisitions Additional $15 - $35 million in near term growth CapEx being evaluated Acquire complementary fleets in both new and existing geographies Typical acquisition multiples of 1.5x to 3.5x TTM EBITDA

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FINANCIAL PERFORMANCE: REVENUE

Annual Historical Revenue ($mm) 2011 Revenue by Geography

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Aveda experienced 81% growth in 2011 revenue vs. 2010 Expansion into U.S. resource plays and increasing utilization Growth in number of rigs in key operating areas/plays 2011 vs. 2010

Western Canada up 13%, Marcellus up 4%

$25.9

$49.2

$33.9$39.8

$72.2

$0

$10

$20

$30

$40

$50

$60

$70

$80

2007 2008 2009 2010 2011

Reve

nue

($m

m) 58%

42%

Canada US

FINANCIAL PERFORMANCE: EBITDA

Annual EBITDA ($mm)

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Higher utilization across North America

Premium pricing in key resource plays

Operational efficiencies resulting inincreased margins

$2.1

$4.2

$11.3

6%

11%

16%

0%

4%

8%

12%

16%

20%

24%

$0.0

$2.0

$4.0

$6.0

$8.0

$10.0

$12.0

2009 2010 2011

EBITDA Margin

EBIT

DA ($

mm

)

December 2011 Transaction Overview

$3.0mm Common Shares

With Werklund Capital @ $2.40 per share

$4.7mm Convertible Debenture

With Werklund Capital @ 4%, due Dec2014, convertible @ $2.55

$35.0mm Operating Facility

With PNC Bank @ prime + 1.25%

$5.0mm Accordion

With PNC Bank @ prime + 1.25%

Proforma Werklund Capital Ownership

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RECAPITALIZATION OVERVIEW

Closed $48million infinancing

Pre Financing WCC Ownership % (1)

3.5mm shares 28.2%

Add: Equity Financing

0.1mm shares 0.9%

Add: Convertible Debentures (assume exercised)

1.9mm shares 14.6%

Add: Dilutive Securities

0.2mm shares 1.3%

Total Share Ownership (FD) (Post May 2012 financing)

5.7mm shares 45.1%

1)Assumes 12.7mm shares post conversion of the convertible debenturesand exercise of options and warrants.

ATTRACTIVE VALUATION

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*Source: Factset, Bloomberg and company filings1) Share price as of May 17, 20122) Enterprise Value calculated as market cap plus total debt minus cash3) Estimates based on consensus research estimates

*Source: Factset, Bloomberg and company filings1) Share price as of May 17, 20122) Enterprise Value calculated as market cap plus total debt minus cash3) Estimates based on consensus research estimates

INVESTMENT HIGHLIGHTS

Proven management team with a history of value creation

Solid industry fundamentals supported by strong commodity prices

Clean balance sheet to support near-term growth initiatives

Significant growth opportunities across emerging oil-weighted resource plays

Flexible and experienced workforce to capture a range of growth opportunities

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CONTACT

Bharat Mahajan, CAChief Financial Officer

Aveda Transportation and Energy ServicesSuite 725, 435 – 4th Avenue SW

Calgary, ABT2P 3A8

(403) 264-5769bharat.mahajan@avedaenergy.com

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