AKITA Declares Dividend

    CALGARY, Nov. 14 /CNW/ - AKITA Drilling Ltd.'s Board of Directors
approved the payment of a quarterly dividend to shareholders.
    AKITA Drilling Ltd.'s Board of Directors approved an ordinary cash
dividend of seven cents ($0.07) per share on the Outstanding Class A
Non-Voting and Class B Common shares of the Corporation for payment on January
2, 2009 to shareholders of record at the close of business December 19, 2008.
This dividend is an eligible dividend for Canadian Income Tax Purposes.

    AKITA is an Alberta corporation engaged in the contract drilling business
and is listed on the Toronto Stock Exchange under the symbol AKT.DIVIDEND/DISTRIBUTION DECLARATION FORM

    -------------------------------------------------------------------------
    Date of Declaration                   November 14, 2008
    -------------------------------------------------------------------------
    Company                               AKITA Drilling Ltd.
    -------------------------------------------------------------------------
    Type of Security on which Dividend/   AKT-A
     Distribution declared                AKT-B
    -------------------------------------------------------------------------
    Amount of Dividend/per share          Seven Cents
     (if stock dividend or foreign
     funds, give details)                 $0.07
    -------------------------------------------------------------------------
    Payable Date                          January 2, 2008
    -------------------------------------------------------------------------
    Record Date                           December 19, 2008
    -------------------------------------------------------------------------
    (TSE sets Ex-Dividend Date)
    -------------------------------------------------------------------------
    Contact Phone No.                     Murray Roth
                                          403-292-7979
    -------------------------------------------------------------------------%SEDAR: 00002868E