Phoenix Announces Resignation of Director

CALGARY, ALBERTA--(Marketwire - March 21, 2012) - Phoenix Oilfield Hauling Inc., ("Phoenix" or the "Company") (TSX VENTURE:PHN), a leading provider of hauling services and equipment rentals to the energy industry, today announced that Mr. Blake Lyon has tendered his resignation as a director of the Company. Mr. Lyon is resigning so that he can focus on other commitments.

"I want to thank Blake for his many contributions to Phoenix and wish him well in his future endeavors," said Mr. David Werklund, Interim President and CEO of Phoenix. "In the near term, the Board of Directors intends to evaluate opportunities to add complementary skills and specific expertise to our team."

About Phoenix Oilfield Hauling Inc.

Phoenix provides specialized transportation of materials, supplies and equipment required for the exploration, development and production of petroleum resources in the Western Canadian Sedimentary Basin and in the United States of America principally in and around the states of Texas and Pennsylvania. Transportation services include both the equipment necessary to move the load as well as a trained, professional driver capable of securing, moving and manipulating the load at its origin and destination. Phoenix's rental operations include the rental of tanks, matts, pickers, light towers and other equipment necessary for oilfield operations.

Phoenix was incorporated in 1994 as a private company to serve the oil and gas industry. In the spring of 2006 the Company went public on the TSX Venture Exchange. Phoenix has major operations in Calgary, AB, Slave Lake, AB, Nisku, AB, Grand Prairie, AB, Melita, MB, Mineral Wells, TX, and New Columbia, PA. Phoenix is publicly traded on the TSX Venture Exchange under the symbol PHN. For more information on Phoenix please visit www.phoenixhauling.com.

This document contains forward-looking statements. Some forward looking statements may be identified by words like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. The statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. The Company's actual results could differ materially from those currently anticipated due to a number of factors, including, but not limited to, successful integration of structural changes, including restructuring plans, acquisitions, technical or manufacturing or distribution issues, the competitive environment for the Company's products, the degree of market penetration of the Company's products, and other factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time.