ALDERSYDE, Alta. (Jan. 10, 2005) — Alberta trucking and oilfield services giant Mullen Transportation has directed its management team to look for possible strategic alternatives to secure the structure and future growth of the company.

The management of Mullen has been asked to identify, examine and consider the alternatives available to Mullen, including but not limited to maintaining the status quo and continuing Mullen’s strategic direction as an oilfield service and trucking company or having Mullen reorganize, either in whole or in part, into a business trust, the company announced in a press release.

The Board of Directors has not made a decision on any particular alternative and there can be no assurance that it will decide to undertake any transaction identified to it by management.

The Company also announces that its Board of Directors has approved management’s recommended capital budget of $30.0 million for 2005. Of this amount approximately $21.0 million is allocated for sustainable capital expenditures with the balance of $9.0 million to be used for special projects and to generate internal growth in the Company’s various operating divisions.