Kakanda/Ontco Sign Definitive Purchase Agreement

VANCOUVER (September 19, 2007) – Kakanda Resources Corp. (“Kakanda”) (TSXV: KRC) is pleased to announce that it has executed a formal arrangement agreement that supersedes the letter of intent signed with 1735046 Ontario Inc. (Ontco) as reported in Stockwatch news July 4, 2007. Ontco is the owner of 334 mineral claims (approximately 17,872 hectares) in the Otish basin of Quebec.

Kakanda is also pleased to announce that the financing of flow-through common shares to raise total gross proceeds of $1-million at a price of 30 cents per flow-through share and a financing of units (that are not flow-through common shares) at a price of 30 cents per unit to raise total gross proceeds of $2-million is proceeding as planned. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder thereof to purchase one common share of Kakanda at a price of 40 cents per share for a period of 24 months following the closing date of the financing. All of the securities issued in the financing will have a hold period expiring four months and one day from the closing date.

Kakanda plans to explore the Oncto properties 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.

On Behalf of the Board,

Kakanda Resources Corp.

Steve Smith,

President