Precision Drilling Announces Share Buyback Plan, Approved By TSX To Repurchase 1,251,850 Shares, Or 10% Of Public Float

Precision Drilling Corporation (Precision or the Company) announced today that the Toronto Stock Exchange (the TSX) has approved its intention to implement a normal course issuer bid (NCIB) for a portion of its common shares (Common Shares). Precision believes the NCIB continues to represent another tool for the Company to enhance the value of its underlying shares.

Pursuant to the renewed NCIB, the Company has been authorized by the TSX to acquire up to a maximum of 1,251,850 Common Shares, or approximately 10% of the public float as of September 5, 2025, for cancellation. As of September 5, 2025, Precision had 13,181,561 Common Shares issued and outstanding and a public float of 12,518,509 Common Shares. Purchases under the NCIB may commence on September 19, 2025 and will terminate no later than September 18, 2026, or such earlier time as the Company completes its purchases pursuant to the NCIB or provides notice of termination.