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Press release from Marketwire

Precision Drilling Corporation Sets Record and Meeting Date for Annual General Meeting of Shareholders

Monday, February 27, 2012

Precision Drilling Corporation Sets Record and Meeting Date for Annual General Meeting of Shareholders16:34 EST Monday, February 27, 2012CALGARY, ALBERTA--(Marketwire - Feb. 27, 2012) -Precision Drilling Corporation ("Precision") announced today that April 4, 2012 has been set as the Record Date for the determination of shareholders entitled to receive notice and to vote at the Annual General Meeting of Precision. The Annual General Meeting is to be held in the Enmax Ballroom of the Calgary Chamber of Commerce, 100 - 6 Avenue S.W., Calgary, Alberta commencing at 3:00 pm on Wednesday, May 9, 2012. About Precision Precision is a leading provider of safe and High Performance, High Value services to the oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, directional drilling services, well service & snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.Precision is headquartered in Calgary, Alberta, Canada. Precision is listed on the Toronto Stock Exchange under the trading symbol "PD" and on the New York Stock Exchange under the trading symbol "PDS".FOR FURTHER INFORMATION PLEASE CONTACT: Carey FordPrecision Drilling CorporationVice President, Finance and Investor Relations403.716.4575403.716.4755 (FAX)OR800, 525 - 8th Avenue S.W.Precision Drilling CorporationCalgary, Alberta, Canada T2P 1G1www.precisiondrilling.com