BRY Bri Chem Corp

Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX:BRY), a leading North American
wholesale distributor and manufacturer of oil and gas drilling fluids is pleased
to announce that it has completed the sale of its Steel Pipe Manufacturing
division and Steel Pipe Distribution division including their respective assets
and ongoing business operations to a USA based steel company. Bri-Chem will not
retain any steel pipe assets or conduct any further steel pipe business
operations going forward. The sale transaction provides Bri-Chem the opportunity
to further its North American drilling fluids growth strategy by expanding its
leadership position in existing markets and penetrating future growth into new
drilling fluid market segments.


"Bri-Chem's USA drilling fluids expansion success has led to an overabundance of
opportunities and this divestiture will position our company to deliver focused
organic and acquisitive growth on a sustainable basis," said Don Caron, Chief
Executive Officer of Bri-Chem. "We do not believe that the value of our North
American leading wholesale drilling fluids market position is being adequately
reflected in our stock price. By monetizing the steel pipe assets, we will be
able to unleash the growth potential that resides within our market leading
drilling fluids markets."


About Bri-Chem

Bri-Chem is one North America's largest independent wholesale supplier of
drilling fluids for the oil and gas industry. We distribute, blend and package a
full range of drilling fluid products, cementing, acidizing and stimulation
additives from 33 strategically located warehouses throughout Canada and the
United States. Drilling fluids are used in the process of drilling deep vertical
or horizontal boreholes. The drilling fluids are an integral part of the
drilling process, serving a number of functions, including controlling
subsurface pressures, lubricating the drill bit, stabilizing the wellbore, and
carrying the cuttings to the surface, among other functions. Additional
information about Bri-Chem is available at www.sedar.com or at Bri-Chem's
website at www.brichem.com.


Forward-Looking Statements

Certain information set forth in this news release contains forward-looking
statements or information ("forward-looking statements"), including statements
which may contain words such as "could", "should", "expect", "anticipate",
"believe", "will", and similar expressions and statements relating to matters
that are not historical facts are forward looking statements. By their nature,
forward-looking statements are subject to numerous risks and uncertainties, some
of which are beyond the Company's control, including the impact of general
economic conditions, industry conditions, volatility of commodity prices,
currency fluctuations, environmental risks, demand for oilfield services for
drilling and completion of oil and natural gas wells; volatility in market
prices for steel, oil, natural gas, and natural gas liquids and the effect of
this volatility on the demand for oilfield services generally, competition from
other industry participants, the lack of availability of qualified personnel or
management, stock market volatility and the ability to access sufficient capital
from internal and external sources. Although the Company believes that the
expectations in our forward-looking statements are reasonable, our
forward-looking statements have been based on factors and assumptions concerning
future events which may prove to be inaccurate. Those factors and assumptions
are based upon currently available information. Such statements are subject to
known and unknown risks, uncertainties and other factors that could influence
actual results or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward looking information. As
such, readers are cautioned not to place undue reliance on the forward looking
information, as no assurance can be provided as to future results, levels of
activity or achievements. The risks, uncertainties, material assumptions and
other factors that could affect actual results are discussed in our Annual
Information Form and other documents available at www.sedar.com. Furthermore,
the forward-looking statements contained in this document are made as of the
date of this document and, except as required by applicable law, the Company
does not undertake any obligation to publicly update or to revise any of the
included forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.


To receive Bri-Chem news updates send your email to ir@brichem.com. 

Neither the TSX nor its Regulation Services Provider (as that term is defined in
the policies of the TSX) accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jason Theiss
Bri-Chem Corp.
CFO
T: (780) 577-0595
E: jtheiss@brichem.com


Robin Cook
CHF Investor Relations
Account Manager
T: (416) 868-1079
E: juliet@chfir.com


Cathy Hume
CHF Investor Relations
CEO
T: (416) 868-1079 x231
E: cathy@chfir.com

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