Trinidad Drilling Ltd. to release first quarter 2010 results and to hold
conference call and webcast

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TSX SYMBOL: TDG; TDG.DB

CALGARY, May 4 /CNW/ - Trinidad Drilling Ltd. ("Trinidad" or the "Corporation") is pleased to announce that they will release their first quarter 2010 results after market close on Wednesday, May 12, 2010. The news release will provide consolidated operating and financial information. The full Management's Discussion and Analysis and Consolidated Financial Statements will be posted on the Investor Relations section of Trinidad's website at www.trinidaddrilling.com before market open on Thursday May 13, 2010 and will also be filed on SEDAR at www.sedar.com

A conference call and webcast to discuss the results will be held for the investment community on Thursday May 13, 2010 beginning at 9:00 a.m. MT (11:00 a.m. ET). To participate, please dial [phone] (toll-free in North America) or [phone] approximately 10 minutes prior to the conference call. An archived recording of the call will be available from approximately 12:00 p.m. MT on May 13, 2010 until midnight May 20, 2010 by dialing [phone] or [phone] and entering replay access code 72195595.

A live audio webcast of the conference call will also be available via the Investor Relations page of Trinidad's website.

Trinidad is a growth-oriented corporation that trades on the Toronto Stock Exchange (TSX) under the symbol TDG and TDG.DB. Trinidad's divisions operate in the drilling, well-servicing, coring and barge-drilling sectors of the North American oil and natural gas industry. With the completion of the rigs under construction, Trinidad will have 124 land drilling rigs ranging in depths from 1,000 - 6,500 metres and operations in Canada, the United States and Mexico. In addition to its land drilling rigs, Trinidad has 22 service rigs, 20 pre-set and coring rigs and four barge rigs operating in the Gulf of Mexico. Trinidad is focused on providing modern, 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.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy the shares in any jurisdiction. The shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States or to a United States person, absent registration, or an applicable exemption therefrom.

For further information: Lyle Whitmarsh, President & Chief Executive Officer, [phone]; Brent Conway, Executive Vice President & Chief Financial Officer, [phone]; Lisa Ciulka, Director of Investor Relations, [phone], email: [email protected]