CALGARY, ALBERTA--(Marketwired - May 11, 2016) - Precision Drilling Corporation ("Precision" or "Company") (TSX:PD) (NYSE:PDS) held its annual meeting of shareholders in Calgary on May 11, 2016. A total of 233,853,977 shares (approximately 79.83% of the outstanding common shares) were represented in person or by proxy. During the meeting, shareholders approved the following:

1. The appointment of 9 board members (8 of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows:


Nominee
# Votes For
% Votes For
# Votes Withheld
% Votes Withheld
William T. Donovan 216,793,967 99.49 % 1,117,116 0.51 %
Brian J. Gibson 216,679,298 99.43 % 1,231,758 0.57 %
Allen R. Hagerman 216,648,425 99.42 % 1,262,658 0.58 %
Catherine J. Hughes 216,898,207 99.54 % 1,012,876 0.46 %
Steven W. Krablin 216,638,484 99.42 % 1,272,599 0.58 %
Stephen J.J. Letwin 211,925,975 97.25 % 5,985,108 2.75 %
Kevin O. Meyers 211,094,661 96.87 % 6,816,422 3.13 %
Kevin A. Neveu 215,251,349 98.78 % 2,659,734 1.22 %
Robert L. Phillips 213,577,424 98.01 % 4,333,659 1.99 %

2. The appointment of KPMG LLP as Precision's auditors.

3. Management's approach to executive compensation ("Say-on-Pay") disclosed in Precision's management information circular, with 96.19% of shares represented at the meeting voting in favour of the advisory resolution.

4. The continuation of the Company's shareholder rights plan.

The full results on all matters voted upon at the meeting will be filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).

About Precision

Precision is a leading provider of safe and High Performance, High Value services to the oil and gas industry. Precision provides customers with access to an extensive fleet of contract drilling rigs, directional drilling services, well service and snubbing rigs, coil tubing services, camps, rental equipment, and water treatment units backed by a comprehensive mix of technical support services and skilled, experienced personnel.

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