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Precision Drilling Corporation Announces Voting Results from the 2017 Annual and Special Meeting of Shareholders

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FOR: PRECISION DRILLING CORPORATION
TSX SYMBOL: PD
NYSE SYMBOL: PDS

Date issue: May 17, 2017
Time in: 5:17 PM e

Attention:

CALGARY, ALBERTA--(Marketwired - May 17, 2017) - Precision Drilling Corporation ("Precision" or "Company") (TSX:PD)(NYSE:PDS) held its annual and special meeting of shareholders in Calgary on May 17, 2017. A total of 201,287,007 shares (approximately 68.64% of the outstanding common shares) were represented in person or by proxy. During the meeting, shareholders approved the following:

/T/

1. The appointment of 8 board members (7 of whom are independent), with

shares represented at the meeting voting in favour of individual directors as follows:
# Votes % Votes Nominee # Votes For % Votes For Withheld Withheld ---------------------------------------------------------------------------- William T. Donovan 181,225,412 98.51% 2,739,932 1.49% Brian J. Gibson 182,828,510 99.38% 1,136,834 0.62% Allen R. Hagerman 182,530,310 99.22% 1,435,034 0.78% Catherine J. Hughes 182,533,531 99.22% 1,431,813 0.78% Steven W. Krablin 182,395,931 99.15% 1,569,413 0.85% Stephen J.J. Letwin 175,652,307 95.48% 8,313,037 4.52% Kevin O. Meyers 166,272,787 90.38% 17,692,557 9.62% Kevin A. Neveu 180,852,179 98.31% 3,113,165 1.69%

2. The appointment of KPMG LLP as Precision's auditors, with 99.48% of

shares represented at the meeting voting in favour of the appointment.

3. Management's approach to executive compensation ("Say-on-Pay") disclosed

in Precision's management information circular, with 91.92% of shares represented at the meeting voting in favour of the advisory resolution.

4. A new omnibus equity incentive plan, with 91.37% of shares represented

at the meeting voting in favour of the approval of the plan.

/T/

The full results on all matters voted upon at the meeting will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).

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 and snubbing rigs, 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."

- END RELEASE - 17/05/2017

For further information:
Precision Drilling Corporation
Carey Ford
Senior Vice President and Chief Financial Officer
403.716.4566
403.716.4755 (FAX)
www.precisiondrilling.com

COMPANY:
FOR: PRECISION DRILLING CORPORATION
TSX SYMBOL: PD
NYSE SYMBOL: PDS

INDUSTRY: Energy and Utilities - Equipment, Energy and Utilities -
Oil and Gas
RELEASE ID: 20170517CC0079

Press Release from Marketwired 1-866-736-3779

All press releases are written by the client and have NO affiliation with the news copy written by The Canadian Press. Any questions that arise due to the content or information provided in the press release should be directed to the company/organization issuing the release, not to The Canadian Press.



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