CALGARY, ALBERTA--(Marketwire - Feb. 16, 2011) -

Precision Drilling Corporation ("Precision") announced the resignation of Mr. Brian Felesky C.M., Q.C. as a Director of Precision, effective February 14, 2011. Mr. Felesky has advised the Board of Directors that he is resigning from the Board to focus on his new role as Vice-Chair, Investment Banking Canada for Credit Suisse Securities (Canada), Inc. Mr. Felesky has been a member of Precision's Board of Directors since 2005. 

"On behalf of Precision and the Board of Directors, I wish to congratulate Brian on his new position with Credit Suisse Securities. We thank Brian for his many contributions as a Director of Precision. His keen intellect, business acumen and passion for the industry made him a strong contributor to Precision and we know he will bring these same strengths to his new role. We wish him the very best in his new endeavor" said Robert Phillips, Chairman of Precision's Board of Directors. 

About Precision

Precision is a leading provider of safe and High Performance, High Value energy services to the North American oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, service rigs, camps, snubbing units, water treatment units and rental equipment 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".

Contact Information: Precision Drilling Corporation
David Wehlmann
Executive Vice President, Investor Relations
403.716.4755 (FAX)
Precision Drilling Corporation
4200, 150 - 6th Avenue S.W.
Calgary, Alberta, Canada T2P 3Y7