Press Releases: 2007-09

AeroMechanical Services Ltd. announces issuance of stock options

December 16, 2008

     /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    AeroMechanical Services Ltd.      TSX-V Trading Symbol "AMA"
    A Tier 2 Industrial Issuer

    CALGARY, Dec. 16 /CNW/ - AeroMechanical Services Ltd. ("AMA") announced
today that AMA, under the formal stock option plan approved at the Annual
General and Special Meeting held on May 22, 2008, has granted an aggregate of
700,000 incentive stock options in recognition of superior performance to
non-officer employees of AMA based upon years of service to the Corporation
subject to regulatory approval.
    The board of directors feel that the options granted at the current
depressed share price, due to market conditions, would provide incentive to
the employees to continue to build superior products, provide excellent
service to AMA's growing customer base and recognize the contribution they
have made to shareholders over the past years. The directors and officers want
to take this opportunity to thank the dedicated staff who have made this
possible.
    Terms include an exercise price of $0.20 per share, vesting of all of the
options occurring immediately and 1/3 of the total options granted expiring
equally at the end of each year on December 31 of 2009, 2010 and 2011. A
maximum of 10% of the issued shares are reserved for the issuance of AMA's
Stock Option Policy. The options are subject to a four month hold period
expiring April 15, 2009.

    About AeroMechanical Services Ltd.

    AeroMechanical Services Ltd. provides proprietary technological solutions
and services designed to reduce costs and improve efficiencies in the airline
industry. The company has successfully patented and commercialized three
products and associated services currently marketed to airlines, manufacturers
and maintenance organizations around the world. Its premier technology,
afirs(TM) UpTime(TM), allows airlines to monitor and manage aircraft
operations anywhere, anytime, in real-time.

       afirs, UpTime, FLYHT and aeroQ are Trade Marks of AeroMechanical
                                Services Ltd.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    %SEDAR: 00016486E

For further information: on AMA contact: Tom French, CFO, AeroMechanical Services Ltd, (403) 291-7427, tfrench@amscanada.com, www.amscanada.com; Bob Beaty, The Howard Group Inc., Toll Free: 1-888-221-0915, Info@howardgroupinc.com, http://www.howardgroupinc.com/