Precision Drilling Trust February 2008 Distribution

Precision Drilling Trust reported that the Board of Trustees has approved a cash distribution for the month of February 2008 of $0.13 per trust unit of Precision. The distribution will be payable on March 18, 2008 to unitholders of record on February 29, 2008. The ex-distribution date is February 27, 2008. Holders of Class B limited partnership units of Precision Drilling Limited Partnership will receive the economic equivalent treatment.