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Precision Drilling Corporation Announces Voting Results from the 2025 Annual and Special Meeting of Shareholders

1. PDS shareholders approved all eight nominee directors at the 2025 meeting. 2. The board includes seven independent directors, strengthening governance. 3. Executive compensation approach received a non-binding advisory vote approval. 4. Precision offers environmentally responsible services with advanced digital technology. 5. PDS is committed to reducing operational environmental impacts through EverGreen™.

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Why Bullish?

Board election outcomes and approval signals strong governance and investor confidence, known to stabilize stock prices, similar to past positive board alignments in other companies leading to stock upticks.

How important is it?

The election results and independent directors enhance investor trust, suggesting possible stock price appreciation in the wake of the meeting.

Why Short Term?

Immediate investor sentiment may boost the stock in the following weeks, influenced by positive governance outcomes often reflected in stock performance shortly after such events.

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PDHALSLB
May 15, 2025 17:00 ET  | Source: Precision Drilling Corporation CALGARY, Alberta, May 15, 2025 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (Precision or the Company) is pleased to announce the results of the election of board members at its 2025 Annual and Special Meeting of Shareholders held on May 15, 2025 (the Annual Meeting). Shareholders approved the election of all eight (seven of whom are independent) of the nominee directors presented in the Company’s Management Information Circular (the Circular), dated April 2, 2025. The shares represented at the Annual Meeting voting in favour of individual nominee directors are as follows: Nominee# Votes For% Votes For# Votes Withheld% Votes WithheldWilliam T. Donovan6,024,59697.27%169,2492.73%Steven W. Krablin5,860,99494.63%332,8515.37%Lori A. Lancaster6,108,21998.62%85,6261.38%Susan M. MacKenzie6,079,07898.15%114,7671.85%Kevin O. Meyers6,022,29097.23%171,5552.77%David W. Williams6,109,23998.63%84,6061.37%Alice L. Wong6,088,63398.30%105,2121.70%Kevin A. Neveu6,082,65598.20%111,1901.80%      All other items of business set forth in the Circular and considered at the Annual Meeting passed, including the non-binding advisory vote on the Corporation’s approach to executive compensation. The full results on all matters voted upon at the Annual Meeting will be filed on SEDAR (www.sedarplus.ca) and EDGAR (www.sec.gov). About Precision 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. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our 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, Alberta, 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”. Additional Information For more information about Precision, please visit our website at www.precisiondrilling.com or contact: Lavonne Zdunich, CPA, CAVice President, Investor Relations403.716.4500 800, 525 - 8th Avenue S.W.Calgary, Alberta, Canada T2P 1G1Website: www.precisiondrilling.com

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