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(Source: Canadian Pacific Railway and Smart Sand joint press release, July 18, 2012)

CALGARY, Alberta and FAIRLESS HILLS, Pa. — Smart Sand and Canadian Pacific Railway Limited today announced a strategic long-term partnership under which the two companies will supply and ship premium, Northern White frac sand to the unconventional oil and gas industry in key North America producing regions (including the Bakken and Eagle Ford formations, and the Utica and Marcellus Shales). The two companies also announced the partnership’s first initiative: building a new frac sand transload facility, expected to be the region’s largest, in Makoti, North Dakota that will serve the Bakken formation in the Williston Basin beginning in early 2013.