Precision Drilling Corporation to present at FirstEnergy Capital Corp. East Coast Canadian Energy Conference in New York CALGARY, Feb. 24 /PRNewswire-FirstCall/ -- Hank B. Swartout, Chairman, President and Chief Executive Officer of Precision Drilling Corporation ("Precision") will speak at the FirstEnergy Capital Corp. East Coast Canadian Energy Conference in New York, New York on Friday, March 4, 2005 at 10:37 a.m. EST. A live webcast of the audio portion of the presentation will be accessible on Precision's website at http://www.precisiondrilling.com/ by selecting Investor Relations, then Webcast, with an archived version available 24 hours after the live broadcast ends. Precision Drilling Corporation (TSX: PD and PD.U; NYSE: PDS) is a global oilfield services company providing a broad range of drilling, production and evaluation services with focus on fulfilling customer needs through fit-for- purpose technologies for the maturing oilfields of the 21st century. With corporate offices in Calgary, Alberta, Canada, corporate subsidiary offices in Houston, Texas, and research facilities in the U.S. and Europe, Precision employs more than 10,000 people conducting operations in more than 30 countries. Precision is committed to providing efficient and safe services to create value for our customers, our shareholders and our employees. DATASOURCE: Precision Drilling Corporation CONTACT: please contact Dale E. Tremblay, Senior Vice President Finance and Chief Financial Officer, 4200, 150 - 6th Avenue S.W., Calgary, Alberta T2P 3Y7, Telephone (403) 716-4500, Fax (403) 264-0251, website: http://www.precisiondrilling.com/; Archived images on this organization are available through CNW E-Pix at http://www.newswire.ca/. Images are free to members of The Canadian Press. To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on reports@cnw.

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