SOURCE: Sakha Enterprises Corporation

April 17, 2008 08:30 ET

Sakha Enterprises Corporation Acquires 100% of SEVERNYI LPK

TORONTO--(Marketwire - April 17, 2008) - Sakha Enterprises Corporation (PINKSHEETS: SAKH) is pleased to announce the acquisition of all of the outstanding shares of SEVERNYI LPK, a forestry products company in the Republic of Buryatia, the Russian Federation.

SEVERNYI LPK has timber harvesting rights for up to 5 million cubic meters annual cut for a period of 49 years. At current prices, the market value of the unprocessed round timber is estimated to be between 25 to 30 billion dollars US.

"This acquisition will give Sakha Enterprises a great opportunity to enter a very lucrative Asian Timber Market," says Franz Dobnik, President and CEO.

In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, Sakha notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, Sakha wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the Company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future.

Sakha Enterprises Corporation
1 First Canadian Place, Suite 350,
Toronto, Canada, M5X 1C1

Common shares outstanding: 46,000,000
Share Float: 3,000,000

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