Landdrill Completes Acquisition of Canadian Drilling Business

Landdrill International Inc. is pleased to announce that through its wholly owned Canadian subsidiary, it has acquired the assets of the exploration drilling company Forages M. Lafreniere Inc. (“FML”).

FML is a Nedelec, Quebec based mineral exploration drilling contractor, operating seven drill rigs in Quebec and Ontario. LDI is acquiring all drilling equipment, support equipment and vehicles, inventory, existing contacts, and personnel. FML’s un-audited internal financial statements reported revenues of over $15 million for the 11 months ended May 31, 2008. After this acquisition LDI will have a total of 12 drill rigs for their Canadian operations.

Ron Goguen, President & CEO of Landdrill, stated “We are excited to add the experience and expertise of the FML team to the Landdrill family. FML has over 15 years of drilling experience and over this time they have developed a high quality reputation for their services. The addition of their 7 drills to our 5 drills gives us a real presence in the Eastern Canadian mineral drilling market”.

The purchase price of $5.4 million was financed from a $3.7 million senior equipment loan and a $2.0 million non-brokered private placement. The private placement consists of convertible debentures in principal amount equal to the subscription price, maturing in one year, that bear interest at a rate of 18% per annum and are convertible to common shares of the Company at the rate of one common share for $0.45 of principal amount converted. The subscribers also received 10% of their subscription price in common shares, converted at $0.40 per common share. No finder’s fee will be payable in connection with this private placement. The Offering was not qualified for sale to the public by way of prospectus, therefore all securities issued in connection with the Offering will be subject to a four-month hold period in Canada, expiring November 30, 2008. Insiders have participated in this private placement for the aggregate amount of $350,000.

Landdrill is a growth oriented international drilling company with a focus on the metals and minerals industry. The Company continues to explore opportunities for growth in key markets, either through establishment of new branch offices or through acquisitions as opportunities arise. The Company now has 31 drills operating in Canada, Mexico, Russia and Mongolia.

For detailed information on Landdrill International Inc., or to request a bid submission for your project worldwide, please visit our website at www.landdrill.com.