Calfrac Well Services Ltd. announced that two new directors have been appointed to the Calfrac Board: the well-known entrepreneur and investor, Mr. George Armoyan; and a senior investment manager, Mr. Anuroop Duggal. Mr. Armoyan is now the most significant investor in Calfrac; and Mr. Duggal is the nominee of another important new investor. With the appointment of the two new directors, Messrs. Kevin R. Baker, QC and James S. Blair have retired from the Board.