Mr. Needham for his service in this office to the Company since November 2007.

Suite 303, 595 Howe Street

Precision Enterprises Inc.

Vancouver, B.C. V6C 2T5

Phone : (604) 718-2800 Fax : (604) 718-2808

N E W S R E L E A S E

Change of Officers

Vancouver, B.C., August 31, 2011 – Precision Enterprises Inc. (TSXV: PSC.H) (the "Company") announces that Richard Barnett, CGA, has been appointed as Chief Financial Officer and Secretary of the Company, taking the place of Tom Needham, who has resigned. The Board wishes to thank Mr. Needham for his service in this office to the Company since November 2007.

Mr. Barnett is currently Chief Financial Officer and Secretary of four other public companies. He obtained his CGA designation in September 2008, and over his 20 plus years as an accountant, he has served as CFO or Controller of a diversified list of public and private companies. The Company welcomes the expertise of Mr. Barnett as Chief Financial Officer and Secretary.

For clarification, the Company’s officers and directors are now comprised of the following:

Joe DeVries, President, CEO and director Richard Barnett, Secretary and CFO Ron Hughes, director Richard Switzer, director Drew Maness, director

ON BEHALF OF THE BOARD

“Joe DeVries”

Joe DeVries, President and CEO

Contact: (604) 718-2800

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.