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FOR: HUSKY ENERGY INC.

TSX SYMBOL:
 HSE

Husky Energy Announces Quarterly Dividend

Oct 24, 2006 - 11:59 ET

CALGARY--(CCNMatthews - Oct. 24) - The Board of Directors of Husky Energy Inc. has announced a quarterly dividend of $0.50 (Canadian) per share on its common shares for the three-month period ended September 30, 2006. The dividend is payable on January 2, 2007 to shareholders of record at the close of business on November 24, 2006.

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.
Tanis Thacker
Senior Analyst, Investor Relations
(403) 298-6747