SOURCE: Sakha Enterprises Corporation

Sakha Enterprises Corporation

July 11, 2011 08:00 ET

Sakha Enterprises Announces Commencement of TSX Venture Listing

TORONTO--(Marketwire - Jul 11, 2011) - Sakha Enterprises Corporation (PINKSHEETS: SAKH) is pleased to announce that it has commenced the process of listing one of its four gold deposit properties on TSX Venture through an acquisition of a CPC.

The listing is to be completed in Q4 2011.

The deposit in question contains more than 4.5 million ounces of gold of proven and projected reserves and resources. Current project value of the deposit is estimated to be more than $675 million.

"We anticipate obtaining a listing on TSX big-board later in the fourth quarter this year. This will create a considerable increase in value for Sakha Enterprises Corporation shareholders," said Franz Dobnik, President and CEO of Sakha Enterprises Corporation.

Sakha Enterprises Corporation
Contact: Franz Dobnik, President
1 First Canadian Place, Suite 350, Toronto, ON, Canada M5X 1C1
Common shares outstanding: 56 million
Share float: 3 million

Forward-Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of management of Sakha Enterprises Corpoation and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statement herein. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from the statements made herein are: (1) changes in economic, business, competitive, technological and/or regulatory factors, (2) failure to receive stockholder approval of certain actions, if required, (3) failure to compete in a rapidly changing marketplace, (4) failure to retain key employees, (5) failure to raise adequate capital to support the growth and operations of the Company, and (6) other factors affecting the operation of the business of Sakha. Any forward-looking statement contained in this press release by Sakha speaks only as of the date on which it is made. Sakha is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

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