NEWS RELEASE TRANSMITTED BY Marketwire



FOR: HUSKY ENERGY INC.

TSX SYMBOL:
 HSE

Husky Energy Announces Quarterly Dividend

Mar 31, 2005 - 12:00 ET

CALGARY--(CCNMatthews - April 20) - Husky Energy Inc. is pleased to announce 
that its Board of Directors has increased the quarterly dividend from $0.12 
to $0.14 per share on its common shares for the three-month period ended 
March 31, 2005. The dividend is payable on July 1, 2005 to shareholders of 
record at the close of business on May 27, 2005. The increase to the 
quarterly dividend on Husky Energy's common shares by approximately 17 
percent reflects the strong balance sheet and financial resources of the 
company.

Husky Energy is a Canadian based integrated energy and energy-related company 
headquartered in Calgary, Alberta. Husky Energy is a publicly traded company 
listed on the Toronto Stock Exchange under the symbol HSE.




FOR FURTHER INFORMATION PLEASE CONTACT:

Husky Energy Inc.
Colin Luciuk
Manager, Investor Relations
(403) 750-4938