Savanna Energy Services Corp. Announces Dividend



    TSX-SVY

    CALGARY, March 12 /CNW/ - Savanna Energy Services Corp. ("Savanna") is
pleased to announce that its Board of Directors has declared a dividend
payment of $0.025 (Cdn.) per share to holders of Common Shares in accordance
with its quarterly dividend policy. The date of record will be April 2, 2008
and the payment date will be April 16, 2008. The ex-dividend date is March 31,
2008. This dividend is an eligible dividend for Canadian income tax purposes.

    Headquartered in Calgary, Alberta, Savanna's principal operations are in
Canada, although the Company also carries on operations in the United States.
Savanna is a leading drilling and well servicing contractor continuing a
modern proprietary equipment offering with industry leading First Nations
partnerships.

    %SEDAR: 00019742E




For further information:

For further information: Savanna Energy Services Corp., Ken Mullen,
President and CEO, Tel: (403) 503-9990 Fax: (403) 267-6749,
kmullen@savannaenergy.com, www.savannaenergy.com; Darcy Draudson, Chief
Financial Officer, Tel: (403) 503-9990 Fax: (403) 267-6749,
ddraudson@savannaenergy.com, www.savannaenergy.com

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Savanna Energy Services Corp.

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