IROC Energy Services Corp. announces normal course issuer bid

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/THIS PRESS RELEASE IS NOT FOR DISSEMINATION IN UNITED STATES OR TO ANY
UNITED STATES NEWS SERVICES/
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CALGARY, Dec. 16 /CNW/ - IROC Energy Services Corp. ("IROC" or the
"Company") (TSX: "ISC") announced today that it will be proceeding with a
normal course issuer bid to purchase, through the facilities of the Toronto
Stock Exchange (TSX), up to a maximum of 2,216,383 of its common shares,
representing 5% of IROC's issued and outstanding common shares, which, as of
the date hereof, is 44,327,667, subject to a daily maximum purchase amount of
8,618 common shares (this daily maximum purchase amount is due to an exemptive
relief granted by the TSX until March 31, 2009). Purchases by IROC would
commence on December 19, 2008 and will end no later than December 18, 2009.
IROC will pay the market price for its common shares on the TSX at the
time of acquisition and no purchases will be made other than by means of open
market transactions during the period the normal course issuer bid is
outstanding. IROC has not purchased any of its own common shares during the
past 12 months.
IROC believes that the common shares may from time to time be undervalued
and may not reflect the financial strength and net asset value of the Company.
All common shares purchased under the issuer bid will be cancelled, increasing
the respective proportionate share interests of all remaining shareholders.
The funding for any purchases of Common Shares pursuant to the normal course
issuer bid will be financed out of working capital.

About IROC Energy Services Corp.

IROC Energy Services Corp. is an Alberta oilfield services company that,
through the IROC Energy Services Partnership, provides a comprehensive and
diverse range of products, services and equipment to the oil and gas industry.
IROC combines cutting-edge technology with depth of experience to deliver a
product and services offering in five core areas: Well Servicing & Equipment,
Downhole Temperature & Pressure Monitoring Tools, Rental Services, Lease
Building, and Safety, Monitoring & Communications Services. For more
information on IROC Energy Services Corp. visit our website at
www.iroccorp.com.

Cautionary Statements

Certain statements contained in this press release may constitute forward
looking statements concerning, among other things, expected revenues, expected
expenses, profits, developments and strategies for IROC's operations all of
which are subject to certain risks, uncertainties and assumptions. These
forward looking statements are identified by their use of terms and phrases
such as "anticipate", "continue", "estimate", "expect", "may", "will",
"projected", "should", "believe" and other similar terms and phrases. By its
nature, such forward looking information involves known and unknown risks,
uncertainties and other factors that may cause actual results or events to
differ materially from those anticipated in such forward looking statements.
These risks include, but are not limited, to the risks associated with the oil
and gas industry generally, fluctuating prices in crude oil and natural gas,
changes in drilling activity, general global economic, political and business
conditions, weather conditions, regulatory changes and availability of
products, qualified personnel and manufacturing capacity and raw materials. If
any of these uncertainties materialize, or if assumptions are incorrect actual
results may vary materially from those expected. IROC relies on litigation
protection for any forward looking statements.

This press release is not for dissemination in United States or to any
United States news services. The Common Shares of IROC have not and will not
be registered on the United States Securities Act of 1933, as amended (the
"United States Securities Act") or any state securities laws and are not
offered or sold in the United States or to any US person except in certain
transactions exempt from the registration requirements of the United States
Securities Act and applicable state securities laws.

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