Precision Drilling Corporation Announces the Mailing of the 2003 Annual Report CALGARY, April 14 /PRNewswire-FirstCall/ -- Precision Drilling Corporation ("Precision") announced today that it has mailed their 2003 Annual Report, along with the Notice of Annual and Special Meeting of the Shareholders, Proxy and the Management Information Circular, for the shareholders meeting to be held on May 11, 2004, in the Devonian Room of the Calgary Petroleum Club, 319- 5th Avenue S.W., Calgary, Alberta, Canada at 3:00 p.m., Calgary time. The 2003 Annual Report includes Management's Discussion and Analysis and the financial statements for the year ended December 31, 2003. Results for 2003 were previously released on February 12, 2004. Precision has retained, for a fee, the services of Georgeson Shareholder Communications Canada Inc. to assist it in the solicitation of proxies from shareholders of Precision for the Annual and Special Meeting of the Shareholders. For any proxy related inquiries please call 1-866-800-6654. 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 and 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: Dale E. Tremblay, Senior Vice President Finance and Chief Financial Officer, 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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