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Press release from CNW Group

AKITA Declares Dividend

Wednesday, August 29, 2012

AKITA Declares Dividend11:38 EDT Wednesday, August 29, 2012CALGARY, Aug. 29, 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 October 1, 2012 to shareholders of record at the close of business September 17, 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.SOURCE: AKITA Drilling Ltd.For further information: Mr. Murray Roth Vice President, Finance and Chief Financial Officer (403)292-7950