Precision Assessment Technology Corporation Announces Expanded Credit Facility

Precision Assessment Technology Corporation announced today they completed a significantly expanded credit facility with Comerica Bank. The facilities are as follows:   1. A USD $3 million operating line of credit margined against
receivables.   2. A 5-year term loan to pay out the existing long-term debt presently
owing to Bay Bank in the amount of USD $1.8 million.   3. A USD $ 2.5 million expansion facility.   Robert Nowack commented, "We selected Comerica because of its North American footprint. These credit facilities will enable Precision to maintain liquidity as it expands."  Precision Assessment Technology Corporation provides drilling services for site assessment and remediation and groundwater assessment, monitoring and mitigation in the U.S. These services are provided using specialized and innovative drilling and sampling equipment and technologies from offices in California and Florida. Precision Assessment Technology Corporation operates through its wholly-owned U.S. subsidiary, Precision Sampling, Inc. Further information can be found at www.precisiontecha.com. Precision's common shares are listed on the Toronto Stock Exchange under the symbol "PDT".   About Comerica Bank  -------------------  Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Detroit and strategically aligned into the Business Bank, Small Business & Personal Financial Services, and Wealth & Institutional Management. Comerica focuses on relationships and helping businesses and people be successful. Comerica Incorporated reported total assets of $54.3 billion at Sept. 30, 2005. To receive e-mail alerts of breaking Comerica news, go to http://www.comerica.com/newsalerts.   If you wish to receive company press releases via email, please advise Judy-Ann Pottinger at info@precisiontecha.com   FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives of Precision are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.  %SEDAR: 00003754E 
  For further information: Robert (Bob) E. Nowack, Chairman and Chief  Executive Officer, Tel: (604) 669-3373, Ext. 201, Precision Assessment  Technology Corporation; David Feick, Tel: (416) 815-0700 ext 247, Investor  Relations, The Equicom Group; To request a free copy of this organization's annual report, please go to http://www.newswire.ca and click on Tools for Investors.

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