Notes: June 1, 2010 -- Precision Drilling Corporation is pleased to announce the completion of the previously announced reorganization of Precision Drilling Trust to a corporation. Pursuant to the Conversion, all outstanding units of the Trust and all outstanding exchangeable units of Precision Drilling Limited Partnership were exchanged for common shares of the Corporation on a one-for-one basis. The common shares of Precision are expected to commence trading on the Toronto Stock Exchange, under the symbol "PD" on or about June 4, 2010, and on the New York Stock Exchange, under the symbol "PDS", on or about June 2, 2010. Trust units are delisted concurrent with the commencement of trading of the common shares in each case. ____________ 05/12/10 - Precision Drilling Trust held its annual and special meeting of unitholders in Calgary yesterday. At the Meeting, the unitholders of the Trust adopted the special resolution authorizing the plan of arrangement to reorganize the Trust into a corporation with over 99 per cent of the units represented at the Meeting being voted in favour of the resolution. In addition, the Court of Queen's Bench of Alberta issued its final order approving the arrangement earlier today. It is presently anticipated that the conversion will be effective on or about June 1, 2010. Following completion, the common shares of Precision Drilling Corporation, the successor to the Trust, are expected to be listed for trading on the Toronto Stock Exchange under the symbol "PD" and on the New York Stock Exchange under the symbol "PDS". ____________ November 3, 2005 -- PRECISION RECEIVES REGULATORY APPROVAL FOR TRUST CONVERSION TO PROCEED ON NOVEMBER 7, 2005 -- Precision Drilling Corporation today announces that it has received all regulatory approvals required for its conversion into a trust, which will occur on November 7, 2005. The final day of trading for Precision’s common shares (PD and PD.U on the TSX and PDS on the NYSE) will be November 4, 2005 and the first day of trading for the units of Precision Drilling Trust (PD.UN and PD.U on the TSX and PDS on the NYSE) will be November 7, 2005. The exchange of Precision common shares for trust units and/or limited partnership units and a pro rata share of 26 million common shares of Weatherford International Ltd. and up to Cdn. $850 million cash will also occur on November 7, 2005. ________ November 7, 2005 - Precision Drilling Corporation and Precision Drilling Trust jointly announce today the successful completion of the reorganization of Precision into the Trust by way of Plan of Arrangement. The units of the Trust will commence trading on both the Toronto Stock Exchange and the New York Stock Exchange today. Pursuant to the Plan of Arrangement, holders of common shares of Precision will receive in exchange for each common share of Precision held (i) one unit of the Trust, (ii) .2089 common shares of Weatherford International Ltd., and (iii) $Cdn 6.83 of cash. As a result of the Plan of Arrangement, the Trust will issue 122,512,799 trust units. Pursuant to the Plan of Arrangement, shareholders were also given the opportunity to receive limited partnership units (Exchangeable LP Units) of Precision Drilling Limited Partnership exchangeable without further consideration into trust units on a onefor-one basis. Pursuant to the election forms received, an aggregate of 1,108,597 Exchangeable LP Units will be issued pursuant to the Plan of Arrangement in lieu of trust units.