Vancouver, BC – Kakanda Resources Corp. (KRC – TSX Venture) announces that the TSX Venture Exchange has approved the Company’s name change to “Otish Energy Inc.”. The Company will begin trading under its new name, “Otish Energy Inc.” (Symbol: OEI) on Friday, March 28, 2008.
On Behalf of the Board,
Kakanda Resources Corp.
“Steve Smith”
Steve Smith
President
VANCOUVER, Canada, March 27, 2008, – Kakanda Resources Corp. (the “Company”) (TSXV: KRC) is pleased to announce that diamond drilling is scheduled to begin Monday March 31st on its 100% owned Gateau property in the Otish Basin, Quebec, Canada. The Gateau property covers 334 mineral claims totaling approximately 17,872 hectares.
Diamond drilling will be focused initially on the “C” block of the Gateau property where graphitic horizons and potential reducing environment favorable for uranium deposition were previously reported. The Gateau property is adjacent to Cameco’s Camie River property where, recently in 2007, Cameco intersected 13 m at 1,5% U3O8 near Gordon Lake.
A winterized camp with all services was installed during February and 2 diamond drills were mobilized in March. The drilling program is aimed to locate the principal structural features and the depth of the unconformity at the Gateau property. It will consist of approximately 2,000 m of stratigraphic drilling. A special attention will be given to any alteration halo that may be present.
Core samples once collected will be shipped to the Saskatchewan Research Council (“SRC”) in Saskatoon, Saskatchewan, Canada.
Operations will be conducted under the supervision of the company’s qualified person (as defined by NI 43-101), Benoit Moreau, P.Eng, MBA, director and vice-president, exploration.
On Behalf of the Board,
Kakanda Resources Corp.
“Steve Smith”
Steve Smith
President
“Benoit Moreau”
Benoit Moreau
Vice-President, Exploration
