AKT.A - <span class="simulate_din_font">AKITA Declares Dividend</span> (CAD 0.07)

Company: Akita Drilling Ltd. Cl.A Nv
Stock Name: AKT.A
Amount: CAD 0.07
Announcement Date: 13/03/2012
Record Date: 15/03/2012

Dividend Detail:

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CALGARY, March 13, 2012 /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, 2012 to shareholders of record at the close of business March
19, 2012.�� 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.

For further information:

Mr. Murray Roth
Vice President, Finance and Chief Financial Officer
(403) 292-7950