Ms. Lavonne Zdunich

PRECISION DRILLING CORPORATION ANNOUNCES FILING OF ANNUAL DISCLOSURE DOCUMENTS

Precision Drilling Corp. has filed its annual disclosure documents with the securities commissions in each of the provinces of Canada, and the United States Securities and Exchange Commission (SEC).

Precision's 2023 annual report contains the audited consolidated financial statements, and management's discussion and analysis for the year ended Dec. 31, 2023. Precision's financial results for the year ended Dec. 31, 2023, were previously released on Feb. 6, 2024.

Precision's annual report and annual information form have been filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR+) and on Form 40-F on the SEC's Electronic Data Gathering, Analysis and Retrieval (EDGAR) system.

The documents described above are also available on Precision's website or by e-mailing Precision at info@precisiondrilling.com.

Precision's 2024 annual and special meeting of shareholders will be held in a virtual-only format at 10 a.m. MDT on Thursday, May 16, 2024.

About Precision Drilling Corp.

Precision is a leading provider of safe and environmentally responsible high-performance, high-value services to the energy industry, offering customers access to an extensive fleet of Super series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha that utilizes advanced automation software and analytics to generate efficient, predictable and repeatable results for energy customers. Precision's drilling services are enhanced by its EverGreen suite of environmental solutions, which bolsters its commitment to reducing the environmental impact of its operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alta., Canada, and is listed on the Toronto Stock Exchange under the trading symbol PD and on the New York Stock Exchange under the trading symbol PDS.