Precision Drilling Announces US$100,000 Pledge to U.S. Gulf Coast Relief Efforts and Provides U.S. Operational Update

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

Date issue: August 31, 2017
Time in: 2:34 PM e

Attention:

CALGARY, ALBERTA–(Marketwired – Aug. 31, 2017) – Precision Drilling
Corporation (TSX:PD)(NYSE:PDS) (“Precision” or “The Company”) would first and
foremost like to extend our thoughts and prayers to all those affected by the
flooding and hurricane in the Houston and Gulf Coast region. The scope and
scale of destruction from the storm is staggering and rebuilding for many will
mean starting from scratch. To assist with the recovery efforts, Precision has
donated US$50,000 to the American Red Cross to help residents who have been
impacted by Hurricane Harvey. In addition, The Company has pledged to match
employee donations to organizations involved in supporting relief efforts up to
US$50,000 resulting in a total potential donation of US$150,000 from Precision
and its employees.

The Company’s U.S. field operations have not been adversely impacted by the
severe weather experienced across the Texas Gulf Coast and we currently have 61
rigs running, including 45 rigs in Texas. Business continuity plans are in
effect and remote access is enabling us to support field operations within the
confines of the current situation across Texas. The Company may experience
delays with rig moves but does not anticipate any material financial or
operational impacts as a result.

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 wastewater
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 – 31/08/2017

For further information:
Carey Ford
Senior Vice President and Chief Financial Officer
403.716.4566
OR
Ashley Connolly
Manager, Investor Relations
403.716.4725
OR
Precision Drilling Corporation
800, 525 – 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: 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: 20170831CC0033

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