New Board Member for Precision Drilling Corporation

Precision Drilling Trust reports the appointment of Mr. Brian A. Felesky, Q.C. to the Board of Directors of Precision Drilling Corporation, Administrator to the Trust, effective immediately.

Mr. Felesky is a partner in Felesky Flynn LLP, a tax law specialist firm with 36 lawyers, and he resides in Calgary, Alberta. He is professionally involved in acquisitions, mergers, financing and restructuring of public and private corporations, partnerships and trusts, in Canada and internationally. Mr. Felesky is also a director of Suncor Energy Inc., Epcor Power L.P. and Fairquest Energy Limited.

Commenting on the new Board appointment, Hank Swartout, Chairman and CEO of the Corporation, stated: "I am delighted to welcome Brian to the Board. His appointment brings a wealth of Board experience and professional skills to the company, and further strengthens the skills available to the Trust. Brian's experience will be of significant value to the Corporation and ultimately to the Unitholders."