Precision Drilling Corporation announces resignation of Chief Financial Officer CALGARY, June 16 /PRNewswire-FirstCall/ -- Mr. Hank B. Swartout, Chairman, President and Chief Executive Officer of Precision Drilling Corporation ("Precision") announced that Mr. Dale E. Tremblay has resigned as Senior Vice President Finance and Chief Financial Officer. "We thank Dale for his past contributions to Precision," said Mr. Swartout. Precision Drilling Corporation (TSX: PD and PD.U; NYSE: PDS) is a global contract drilling and oilfield services company providing a broad range of drilling, production and evaluation services with focus on fulfilling customer needs through fit-for-purpose technologies for the maturing oilfields of the 21st century. With corporate offices in Calgary, Alberta, Canada and corporate subsidiary offices in Houston, Texas, and research facilities in the U.S. and Europe, Precision employs more than 12,000 people conducting operations in more than 30 countries. Precision is committed to providing efficient and safe services to create value for our customers, our shareholders and our employees. DATASOURCE: Precision Drilling Corporation CONTACT: Mr. Hank B. Swartout, Chairman, President and Chief Executive Officer, 4200, 150 - 6th Avenue S.W., Calgary, Alberta, T2P 3Y7, Telephone (403) 716-4500, Fax (403) 264-0251; website: http://www.precisiondrilling.com/; To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on reports@cnw.

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