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Trinidad Drilling Ltd. Announces Favourable Recommendations from ISS and Glass Lewis for Meeting Proposals

CALGARY, Alberta, April 24, 2018 (GLOBE NEWSWIRE) -- Trinidad Drilling Ltd. (TSX:TDG) (Trinidad) is pleased to announce that Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms, have recommended that their institutional clients vote in favour of all the resolutions being considered at Trinidad's Annual Meeting of Shareholders scheduled for Tuesday, May 8, 2018 at 10:00 a.m. (Mountain Time) in Calgary, including a resolution to consider and, if deemed advisable, pass, with or without variation, an ordinary resolution ratifying and confirming the Amended and Restated By-Law No. 1 of Trinidad. 

ISS and Glass Lewis are recognized as leading independent proxy and corporate governance advisory firms whose recommendations are relied upon by many major institutional investment firms, mutual and pension funds and other institutional shareholders throughout North America.

“Trinidad continues to work diligently to align our compensation programs with the interest of our shareholders," said Brent Conway, President & Chief Executive Officer. "We thank all of our shareholders for their continued support and look forward to seeing you at our annual meeting. We urge all shareholders to give serious attention to the matters set forth in the Information Circular previously mailed to you and hope that we will receive your support."

Shareholders are encouraged to submit their proxies in support of the proposed resolutions prior to the Friday, May 4, 2018, 10:00 a.m. (Mountain Time) proxy vote deadline. If you require further assistance, please do not hesitate to contact Trinidad’s proxy solicitation agent, D.F. King Canada, toll free at 1.866.521.4427 (201.806.7301 by collect call) or by email at inquiries@dfking.com. 

About Trinidad

Trinidad is an industry-leading contract driller, providing safe, reliable, expertly-designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry. Trinidad provides contract drilling and related services in Canada, the US, the Middle East and Mexico.

For further information, please contact:

Brent Conway
President & Chief Executive Officer 
403.265.6525 
Lesley Bolster
Chief Financial Officer
403.265.6525 
  
Adrian Lachance
Chief Operating Officer
403.265.6525
Lisa Ottmann
Vice President, Investor Relations
403.294.4401
  
email: investors@trinidaddrilling.com 

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