CALGARY, Oct. 20 /PRNewswire-FirstCall/ -- Precision Drilling Corporation ("Precision") intends to release its Third Quarter 2005 results at approximately 5:00 a.m. MDT (7:00 a.m. EDT) on Thursday, October 27, 2005 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MDT (2:00 p.m. EDT) on the same day. Thursday, October 27, 2005 at 12:00 Noon MDT (2:00 p.m. EDT) Conference call dial in number is 1-800-814-4861 A live webcast of the conference call will be accessible on Precision's website at http://www.precisiondrilling.com/ by selecting "Investor Relations" then "Webcasts". An archived recording of the conference call will be available approximately one hour after the completion of the call until November 3, 2005 by dialing 1-877-289-8525, passcode 21159277 followed by the number sign. Precision Drilling Corporation is listed on the Toronto Stock Exchange under the trading symbols "PD and PD.U" and on the New York Stock Exchange under the trading symbol "PDS". DATASOURCE: Precision Drilling Corporation CONTACT: Jan M. Campbell, Corporate Secretary, 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 searchable through CNW Photo Archive website at http://photos.newswire.ca/. Images are free to accredited members of the media. To request a free copy of this organization's annual report, please go to http://newswire.ca/ and click on Tools for Investors.

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