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FOR: HUSKY ENERGY INC.

TSX SYMBOL:
 HSE

Husky Energy Announces Quarterly Dividend

Dec 31, 2004 - 12:00 ET

CALGARY--(CCNMatthews - Feb. 17) - The Board of Directors of Husky Energy 
Inc. has announced a quarterly dividend of $0.12 (Canadian) per share on its 
common shares for the three-month period ended December 31, 2004. The 
dividend is payable on April 1, 2005 to shareholders of record at the close 
of business on March 11, 2005.

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