AKITA Declares Dividend

    CALGARY, May 5 /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 July 2,
2008 to shareholders of record at the close of business June 18, 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

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    Date of Declaration                              May 5, 2008
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    Company                                          AKITA Drilling Ltd.
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    Type of Security on which Dividend/              AKT-A
     Distribution declared                           AKT-B
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    Amount of Dividend/per share (if stock           Seven Cents
     dividend or foreign funds, give details)        $0.07
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    Payable Date                                     July 2, 2008
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    Record Date                                      June 18, 2008
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    (TSE sets Ex-Dividend Date)
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    Contact Phone No.                                Murray Roth
                                                     403-292-7979
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