FOR IMMEDIATE RELEASE

Mt. Airy, Louisiana – Pin Oak Holdings, LLC (“Pin Oak”) is pleased to announce that it has executed an Engineering, Procurement, and Construction (“EPC”) contract with Smith Tank & Steel, Inc. (“Smith”) to construct more than 2 million barrels of tank capacity with an option for more in order to be operational by the middle of 2017. Smith, a family owned and operated company, brings national experience constructing tanks on a turn ‐ key basis and is one of the leading tank construction companies in the U.S. Smith, coupled with Massman Construction on the Dock, ensures the terminal is built safely and on schedule.

Pin Oak is constructing tanks to meet its customer contracts, which initially include the following products: Gasoline, Gasoline Blendstock, Ethanol, VGO, and Fuel Oil. The terminal will be able to add additional product types as new contracts are executed. Pin Oak is permitted and capable of handling more than 10 million barrels of product.

“Smith is one of the leading EPC U.S. tank builders and its experience and knowledge constructing tanks in Louisiana and Texas will be invaluable to the construction and operations of our project,” said Mike Reed, CEO of Pin Oak. “Our tanks designs will offer many service options to our customers and ensures that Pin Oak will maintain a strong competitive advantage over its competitors. Smith is a major Louisiana company and we are excited to partner with a local company to bring additional jobs and commerce to the state.”

”We are excited to be able to provide our services for this project. Pin Oak is not only a great project for Smith Tank as a company but a great project for Louisiana and the town of Mt. Airy. The jobs that this project will provide now and in the future are great for the local economy. With our corporate office, state of the art fabrication facility and equipment only minutes from the site, we will construct the facility in record time ensuring the terminal is built safely, and to the highest quality. I am glad to be a part of Pin Oak’s future success,” said Billy Smith, President of Smith Tank & Steel, Inc.

About Pin Oak

Pin Oak is a terminal company and is constructing a liquid and chemicals storage terminal, Pin Oak Terminals, on 431 acres along the Mississippi River in Mt. Airy, Louisiana. Pin Oak Terminals provides its customers with complete optionality through rail, ship, pipeline, and truck access. It will serve North America’s growing crude, refined product, and chemical industries and is strategically located next to major supply networks, demand centers, and provides desirable export capacity. Pin Oak will look to expand its footprint through the development or acquisition of additional terminals throughout North America.

About Smith

Smith Tank & Steel, Inc. was founded in 1997 and has grown to become a nationwide contractor specializing in the construction and repair of API storage tanks with offices in Gonzales, LA, corporate office, Livingston, LA, and Houston, TX. The shop fabricates tanks, appurtenances and ASME vessels. Bulk loads of plate steel are shipped to the shop by way of rail and truck. Rail can also be used to ship finished products such as heavy vessels. Smith maintains the highest levels of safety on a fast track schedule to exceed customer expectations.

Pin Oak Contact: Tammy Milioto (985) 224 ‐ 7223