Precision Drilling Corporation to Participate in the RBC Capital Markets' 2012 Global Energy & Power Conference in New York, New York

CALGARY, ALBERTA--(Marketwire - May 31, 2012) -

Precision Drilling Corporation ("Precision") will be attending the RBC Capital Markets' 2012 Global Energy & Power Conference which is taking place June 4 and 5, 2012 in New York, New York. Mr. Rob McNally, Executive Vice President and Chief Financial Officer is scheduled to participate in a panel discussion entitled "Rediscovering the Permian Basin Through Horizontal Drilling" at 9:30 a.m. Eastern time (7:30 a.m. Mountain time) on Tuesday, June 5, 2012.

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 Shortly after the live webcast, an archived version of the webcast will be available for approximately 30 days.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 oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, directional drilling services, well service & snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units 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".