Precision Drilling CorporationTSX: PD

Precision Drilling Trust announces filing of annual disclosure documents and mailing of annual meeting materials

· Issued by Precision Drilling Corporation via CNW
CALGARY, March 31 /CNW/ - Precision Drilling Trust ("Precision")
announces today that it has filed its annual disclosure documents and annual
meeting materials with Canadian Securities Commissions and the United States
Securities and Exchange Commission.
Precision's annual report contains the audited consolidated financial
statements and management's discussion and analysis for the year ended
December 31, 2005. Precision's financial results for the year ended December
31, 2005 were previously released on February 15, 2006.
Precision's annual information form has been filed on the Canadian system
for electronic document analysis and retrieval ("SEDAR") and included in the
annual report filed in Form 40-F on the U.S. electronic data gathering,
analysis and retrieval ("EDGAR") system.
Precision has mailed its annual meeting materials to holders of units of
Precision and holders of Class B Limited Partnership Units of Precision
Drilling Limited Partnership. The annual meeting will be held on May 9, 2006
in the McMurray Room of the Calgary Petroleum Club, 319 - 5th Avenue S.W.,
Calgary, Alberta, Canada at 3:00 p.m., Calgary time. The notice of meeting,
management information circular and instruments of proxy were filed on SEDAR
and on EDGAR as a Form 6-K.
Copies of the above described documents are also available on Precision's
website at www.precisiondrilling.com.
Precision Drilling Trust is Canada's largest energy services trust.
Headquartered in Calgary, Alberta, Precision is the leading provider of energy
services to the Canadian oil and gas industry. Precision provides customers
with access to an extensive fleet of contract drilling rigs, service rigs,
camps, snubbing units and rental equipment backed by a comprehensive mix of
technical support services and skilled, experienced personnel.
Precision is listed on the Toronto Stock Exchange under the trading
symbol "PD.UN" and in U.S. dollars "PD.U" and on the New York Stock Exchange
under the trading symbol "PDS".
%SEDAR: 00022925E