Precision Drilling Corporation to Participate in the Oil & Gas Conference(R) 16

CALGARY, ALBERTA--(Marketwire - Aug. 10, 2011) -

Precision Drilling Corporation ("Precision") will be attending The Oil & Gas Conference® 16 which is taking place August 14-18, 2011 in Denver, Colorado. Mr. Carey Ford, Vice President, Finance and Investor Relations is scheduled to present at 10:25 a.m. Eastern time (8:25 a.m. Mountain time) on Wednesday, August 17, 2011.

A live audio webcast will be accessible from Precision's website at www.precisiondrilling.com by selecting "Investor Centre", then "Webcasts". Shortly after the live webcast, an archived version of the webcast will be available for approximately 30 days.

About Precision

Precision is a leading provider of safe and High Performance, High Value services to the North American oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, service rigs, directional drilling services, 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".