ex99_1.htm

NEWS RELEASE

PRECISION DRILLING CORPORATION TO PRESENT AT THE

FIRSTENERGY/SOCIÉTÉ GÉNÉRALE EAST COAST ENERGY

CONFERENCE IN NEW YORK, NEW YORK

Calgary, Alberta, Canada – February 28, 2012

Precision Drilling Corporation (“Precision”) will be attending the FirstEnergy/Société Générale East Coast Energy Conference which is taking place March 7-9, 2012 in New York, New York. Mr. Rob McNally, Executive Vice President & Chief Financial Officer, is scheduled to present at 9:30 a.m. Eastern time (7:30 a.m. Mountain time) on Wednesday, March 7, 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 Shortly after the live webcast, an archived version of the webcast will be available for approximately 30 days.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”.

For further information, please contact:

Carey Ford, Vice President, Finance and Investor Relations

403.716.4575

403.716.4755 (FAX)

800, 525 - 8th Avenue S.W.

Calgary, Alberta, Canada T2P 1G1

Website: www.precisiondrilling.com