Kakanda Resources Corp.

Kakanda Resources Corp.

December 19, 2007 16:01 ET

Kakanda Purchases Melkior Resources Inc.'s Otish Basin Uranium Interests

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2007) - Kakanda Resources Corp. (the "Company") (TSX VENTURE:KRC) is pleased to announce that it has signed a letter of intent to purchase all of the joint venture interest (the "Interest") of Melkior Resources Inc. (TSX VENTURE:MKR) ("Melkior") with Santoy Resources Ltd. (TSX VENTURE:SAN) (the "Joint Venture") in 1302 mineral claims (approximately 65,000 hectares) in the Otish basin of Quebec. The Interest covers all minerals and metals except Kimberlites in 985 claims which will remain with Melkior. Santoy Resources Ltd. will remain the operator of this joint venture project.

The consideration payable by Kakanda for the purchase of the Interests will be $500,000 and 4,000,000 common shares in the capital of Kakanda.

The Interest of Melkior in the Joint Venture consists of a 50% interest in:

1. 972 mineral claims (the "Group A Claims");

2. 13 mineral claims with a 2% NSR payable to third parties (the "Group B Claims"); and

3. an option to acquire a 66% interest in 317 mineral claims under option with Majescor Resources Inc. The option includes a 1.5% NSR payable to Majescor, one half of which can be purchased at any time prior to commercial production for $1 million.

In addition Melkior will retain a 1% NSR on the Group A Claims and a 0.25% NSR on the Group B Claims.

Kakanda is extremely fortunate and excited to partner with such an experienced operator as Santoy Resources and its CEO, Ron Netolitzky, on this very significant acquisition in the Otish basin. Mr. Netolitzky has been very successful in mining exploration with over 30 years of experience and having been directly associated with three major discoveries in Canada that have subsequently been put in to production, including the Eskay Creek Mine.

The joint venture provides Kakanda with a variety of drillable Uranium targets, including two named historical U3O8 occurances from Uranerz-era exploration: the J Robert Boulder Train and the Marc Andre Occurrence.

Kakanda plans to explore the claims for unconformity-type uranium deposits both above and below the basin unconformity surface as well as for Matoush fault-type uranium deposits well above the basin rim. The first phase of exploration will include a high-definition magnetic and radiometric airborne survey over the entire property in order to generate prospecting targets

This transaction is subject to due diligence and the approval of the TSX Venture Exchange.

On Behalf of the Board,

Kakanda Resources Corp.

Steve Smith, President

Statements in this release that are forward-looking are subject to various risks and uncertainties concerning the specific factors identified above and in the corporation's periodic filings with the British Columbia Securities Commission and the U.S. Securities Exchange Commission. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The corporation does not intend to update this information and disclaims any legal liability to the contrary.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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