Corporate Update

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

Corporate Update

Vancouver, B.C., January 19, 2011 – Precision Enterprises Inc. (TSXV: PSC.H) (the "Company") announces that Whitney Pansano has resigned as a director, so that the Company’s Board and officers are now comprised as follows:

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

ON BEHALF OF THE BOARD

“Joe DeVries”

Joe DeVries, President and CEO

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.