Precision Drilling Director Resigns

Precision Drilling 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.