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NEWS RELEASE

PRECISION DRILLING CORPORATION TO PARTICIPATE IN THE 2013 CREDIT SUISSE ENERGY SUMMIT IN

VAIL, COLORADO

Calgary, Alberta, Canada – January 29, 2013

Precision Drilling Corporation (“Precision”) will be attending the 2013 Credit Suisse Energy Summit which is taking place February 6, 2013 in Vail, Colorado. Mr. Kevin Neveu, President & Chief Executive Officer, is scheduled to present at 1:35 p.m. Eastern time (11:35 a.m. Mountain time) on Wednesday, February 6, 2013.

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 Shortly after the live webcast, an archived version of the webcast will be available for approximately 30 days.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