Precision Drilling Trust to Present at the 2006 RBC Capital Markets Oil & Gas Income Trust Conference

Precision Drilling Trust (“Precision”) announced today that Gene Stahl, President & Chief Operating Officer, will make a brief presentation and participate in a panel discussion at the 2006 RBC Capital Markets Oil & Gas Income Trust Conference being held in Toronto, Ontario, on Wednesday, November 29, 2006. The panel discussion is scheduled to begin at 3:00 p.m. ET (1:00 p.m. MT).

A live webcast of the audio and a copy of the presentation will be available on Precision’s website at www.precisiondrilling.com by selecting “Investor Relations” and then “Webcast”. Shortly after the live webcast, an archived version will be available for approximately 30 days.

Precision is Canada’s largest energy services trust and 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, wastewater treatment units and rental equipment backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision Drilling Trust 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”.

Contact:

Contacts: Doug Strong, Chief Financial Officer of Precision Drilling Corporation, Administrator of the Trust (403) 716-4500

(403) 264-0251 (FAX)

Precision Drilling Trust 4200, 150 – 6th Avenue S.W. Calgary, Alberta T2P 3Y7

Website: http://www.precisiondrilling.com

Source: Precision Drilling Trust