Precision Drilling Corporation announced the addition of Lori A. Lancaster to its Board of Directors. Lori has over 25 years of experience as a strategic and financial advisor to the global natural resources sector and has served as a board member of both publicly traded and private companies within the sector. The Board believes Ms. Lancaster is qualified to serve as a Director due to her extensive knowledge and experience and that her addition will enhance Precision's existing Board.

Ms. Lancaster served as a Managing Director at UBS Securities, Nomura Securities International, and Goldman Sachs & Co. Ms. Lancaster is currently an independent director for Laredo Petroleum Inc. where she serves as Chair of the Finance Committee. Additionally, she is an independent director for Intrepid Potash Inc. and serves as Chair of the Nominating and Corporate Governance Committee.

She previously served on the boards of HighPoint Resources Corporation and Energen Corporation. Ms. Lancaster earned a Bachelor of Business Administration from Texas Christian University and a Master of Business Administration from The University of Chicago. Additionally, she holds a Directorship Certified designation from the National Association of Corporate Directors.