AKITA Declares Dividend

    CALGARY, Feb. 26 /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 April
2, 2007 to shareholders of record at the close of business March 20, 2007.
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                        February 26, 2007
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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                               April 2, 2007
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    Record Date                                March 20, 2007
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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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