NEWS RELEASE TRANSMITTED BY Marketwire



FOR: HUSKY ENERGY INC.

TSX SYMBOL:
 HSE

Husky Energy To Announce 2005 Fourth Quarter Results

Jan 31, 2006 - 11:59 ET

CALGARY--(CCNMatthews - Jan. 31) - Husky Energy Inc. will release its fourth quarter financial results after markets close on Monday, February 6, 2006. A conference call for analysts and investors will be held on Tuesday, February 7, 2006 at 4:15 p.m. (ET).

Mr. John C.S. Lau, President & Chief Executive Officer and other officers will be participating in the call.

Media are invited to listen to the conference call by dialing 1-800-377-5794 beginning at 4:05 p.m. (ET). Those unable to listen to the call live may listen to a recording by dialing 1-800-558-5253 one hour after the completion of the call, approximately 6:15 p.m. (ET), then dialing reservation number 21280635. The Postview will be available until Tuesday, March 7, 2006.

Husky Energy is a Canadian based, integrated energy and energy-related company headquartered in Calgary, Alberta. Husky Energy is publicly traded 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