Landdrill International Inc. announced the appointment of Jacques Monette and William MacDonald to its Board of Directors effective September 17, 2012.

In accordance with Policy 2.5, Landdrill International Inc. has not maintained the requirements for a Tier 1 company. Therefore, effective September 6, 2012, the Company's Tier classification will change from Tier 1 to Tier 2. Further to the TSX Venture Bulletin dated September 4, 2012 and pursuant to the Company's press release dated August 31, 2012, effective at the open September 6, 2012, trading in the shares of the Company will remain halted pending review of Exchange requirements, the Company having less than three directors.

Landdrill International Inc. announced that it obtained an Initial Order from the Court of Queen's Bench of New Brunswick under the Companies' Creditors Arrangement Act (Canada). Prior to the CCAA hearing, all members of the Board of Directors resigned, except Ronald J. Goguen.