CALGARY, Jan. 19 /PRNewswire-FirstCall/ -- Precision Drilling Trust ("Precision") intends to release its 2005 year end results at approximately 5:00 a.m. MST (7:00 a.m. EST) on Wednesday, February 15, 2006 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. Wednesday, February 15, 2006 at 12:00 Noon MST (2:00 p.m. EST) Conference call dial in number is 1-800-814-4861 or 416-644-3414 A live webcast of the conference call will be accessible on Precision's website at http://www.precisiondrilling.com/ by selecting "Investor Relations", then "Webcast". An archived recording of the conference call will be available approximately one hour after the completion of the call until February 22, 2006 by dialing 1-877-289-8525 or 416-640-1917, passcode 21172565(number sign). Precision Drilling Trust is Canada's largest energy services trust. Headquartered in Calgary, Alberta, it is the leading provider of contract drilling services to the Canadian oil and gas industry and provides its customers with access to an extensive fleet of drilling and service rigs backed by a comprehensive mix of support services utilizing skilled and experienced personnel. Precision Drilling Trust is listed on the Toronto Stock Exchange under the trading symbol "PD.UN" and in U.S. dollars "PD.U" and on the New York Stock Exchange under the trading symbol "PDS". DATASOURCE: Precision Drilling Trust CONTACT: Doug Strong, Chief Financial Officer of Precision Drilling Corporation, Administrator of the Trust, 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://www.newswire.ca/ and click on Tools for Investors.

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