Precision Drilling Corporation 2004 year end results conference call and webcast CALGARY, Jan. 19 /PRNewswire-FirstCall/ -- Precision Drilling Corporation ("Precision") intends to release its 2004 year end results at approximately 5:00 a.m. MST (7:00 a.m. EST) on Thursday, February 10, 2005 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MST (2:00 p.m. EST) on the same day. Thursday, February 10, 2005 at 12:00 Noon MST (2:00 p.m. EST) Conference call dial in number is 1-800-814-4857 A live webcast of the conference call will be accessible on Precision's website at http://www.precisiondrilling.com/ by selecting Investor Relations. An archived recording of the conference call will be available approximately one hour after the completion of the call until February 17, 2005 by dialing 1-877-289-8525, passcode 21109786 followed by the number sign. 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 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 Jan 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 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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