 CALGARY, Alberta, Aug. 20, 2021 GLOBE NEWSWIRE -- Precision Drilling Corporation Precision or the Company TSX:PD; NYSE:PDS announced today that the Toronto Stock Exchange the TSX has approved its intention to implement a normal course issuer bid NCIB through the facilities of the TSX, the New York Stock Exchange the NYSE and alternative trading platforms for a portion of its common shares Common Shares. The NCIB effectively renews the existing NCIB, which is scheduled to terminate on August 26, 2021. Precision believes the NCIB continues to represent another tool for the Company to enhance the value of its underlying shares. 