Moody's Withdraws Ratings on SAExploration (SAEX)

Moody's Investors Service, ("Moody's") has withdrawn SAExploration Holdings, Inc.'s (Nasdaq: SAEX) Caa2 Corporate Family Rating (CFR) and other ratings. The SGL-4 Speculative Grade Liquidity Rating and negative outlook have also been withdrawn.

Withdrawals:

..Issuer: SAExploration Holdings, Inc.

.... Corporate Family Rating, Withdrawn, previously rated Caa2

.... Probability of Default Rating, Withdrawn, previously rated Caa2-PD

....Senior Secured Regular Bond/Debenture, Withdrawn, previously rated Caa3 (LGD 5)

.... Speculative Grade Liquidity Rating, Withdrawn, previously rated SGL-4

Outlook Actions:

..Issuer: SAExploration Holdings, Inc.

....Outlook, Changed To Rating Withdrawn From Negative

RATINGS RATIONALE

Moody's has withdrawn the rating for its own business reasons. Please refer to the Moody's Investors Service's Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.

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