SOURCE: Sakha Enterprises Corporation

January 15, 2007 16:00 ET

Sakha Enterprises Selects Caterpillar as Exclusive Supplier of Leading Edge Timber Harvesting Equipment for Yakutian Project

TORONTO -- (MARKET WIRE) -- January 15, 2007 -- Sakha Enterprises Corporation (PINKSHEETS: SAKH) is pleased to announce that it has opted to use Caterpillar's state-of-the-art forest harvesting equipment exclusively on its forthcoming Yakutian Timber Harvesting project in eastern Russia. Caterpillar Inc. has developed equipment and systems that provide leading edge forest management practices and harvesting systems that focus on those key aspects of forest production that form the core of Sakha Enterprises' planned operations -- sustainable development, long-term planning and ecosystem diversity while maximizing timber recovery and productivity. This world-leading company's forest harvesting equipment is designed and built expressly for these purposes.


Through the impending acquisition of a Russian forest products company having extensive, largely untapped timber rights in the region, Sakha Enterprises intends to ramp up production rapidly to take advantage of the opportunity to export large volumes of timber to Asian markets, particularly China. Additional project details will be available on the Company's forthcoming website, currently under construction.


Sakha Enterprises has received a letter of commitment from Caterpillar World Trade Corporation, a Caterpillar Inc. Global Marketing subsidiary that will provide the necessary equipment and services for the project under an agreement whereby Caterpillar will take payment-in-kind: i.e. it will receive a portion of the Company's timber production. This arrangement satisfies Sakha Enterprises' needs for near- and middle-term financing, and puts the Company in a great position without having to incur debt or dilute equity. The Company anticipates signing a formal contract with Caterpillar in the near future.


"In light of this supplier's superior line of timber harvesting equipment and services, its world-leading status in the industry and reputation for dependability and, critically important to Sakha, its programs for assisting start-up ventures to get the equipment they need to commence operations as quickly as possible, Caterpillar was, in the final analysis, an easy choice." ... Franz Dobnik, President -- Sakha Enterprises.

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.

Contact Information

    Franz Dobnik
    Phone: (416) 830-0905
    Email: Email Contact
    Website: Under Construction

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