Mr. Steve Krablin reports

PRECISION DRILLING CORPORATION ANNOUNCES THE APPOINTMENT OF CAREY FORD AS PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE RETIREMENT OF KEVIN NEVEU

As part of Precision Drilling Corp.'s long-standing succession plan, the board of directors of Precision Drilling has appointed Carey Ford as president and chief executive officer and as a member of the board. He succeeds Kevin Neveu, who has retired after serving as president and chief executive officer and as a member of the board since 2007.

Mr. Ford joined Precision in 2011 and has served as chief financial officer since 2016, guiding the company's financial strategy and strengthening investor confidence through several industry cycles. He has also led all finance, capital markets and corporate development activities and multiple operational support functions during his time as chief financial officer, giving him a deep understanding of Precision's business and its global operations.

"Stepping into the president and chief executive officer role is a privilege and carries a responsibility that I enthusiastically embrace. Precision is a world-class organization with the industry's best people, all of whom are dedicated to serving our customers and operating safely, a team I am proud to lead. I am grateful to the board for their confidence in me and am excited to guide our organization into its next phase of growth," said Mr. Ford.

The board also announced two key leadership appointments. Gene Stahl has been appointed chief operating officer, bringing more than 28 years of experience with the company, including leadership in marketing and North American drilling operations, and representing Precision by serving in senior leadership positions in prominent energy industry associations. Dustin Honing has been named chief financial officer after nearly 15 years with Precision, where he advanced through accounting, finance, operational support and investor relations roles, most recently serving as vice-president, operations finance.

"The board is pleased to appoint Mr. Ford as president and chief executive officer and has full confidence in his proven leadership. Supported by a strong senior leadership team and the dedication of employees across the organization, Precision will continue to advance its technology-driven strategy, uphold disciplined capital management and deliver sustainable long-term value for all stakeholders," said Steve Krablin, chairman of the board.

Mr. Neveu will continue in an advisory role to ensure a seamless transition of duties and responsibilities to Mr. Ford. The board would like to thank Mr. Neveu for his many contributions and leadership during his 18 years with Precision.

About Precision Drilling Corp.

Precision is a leading provider of safe and environmentally responsible high-performance, high-value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio, known as Alpha, that utilizes advanced automation software and analytics to generate efficient, predictable and repeatable results for energy customers. Precision's drilling services are enhanced by its EverGreen suite of environmental solutions, which bolsters Precision's commitment to reducing the environmental impact of the company's operations. Additionally, Precision offers well service rigs, camps and rental equipment, all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alta., Canada, and is listed on the Toronto Stock Exchange under the trading symbol PD and on the New York Stock Exchange under the trading symbol PDS.

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