Cabo
Drilling Corp. ( Ontario Division ) Earns Prestigious Provincial Award
For Safety
North Vancouver, BC: The Ontario Mines and Aggregates Safety and
Health Association (MASHA) has awarded Cabo Drilling Corp. (the
"Company") (TSX-V: CBE) the prestigious 2009 Annual
Provincial Award for Safety.
Cabo Drilling, Chairman and
President, John Versfelt, states, "I congratulate our Ontario
Division General Manager, Blaine Pullen, and Safety Coordinator, Andy
Attwater, along with approximately 120 exemplary employees in Ontario,
for achieving over 200,000 workplace hours with the lowest injury
frequency in Ontario's diamond drilling industry. The Ontario
division's accomplishment is truly representative of our Company's
proven and continued commitment to putting safety first."
Cabo Drilling's multinational
divisions have also achieved numerous other awards in recent years
including the Saskatchewan Workers' Compensation Board, Certificate of
Achievement, Canadian Diamond Drilling Association, Class "A"
and "B" Underground awards, and the Henry Skowronjnski
Memorial Award for the most improved safety record, to name a few.
Cabo Drilling Panama also reached a
significant safety milestone recently, celebrating its two year
anniversary with the completion of over one million hours worked and
over 100,000 meters drilled, with only one minor time lost accident.
Cabo Drilling's "Safety
First" commitment is established and has cultivated ongoing,
thorough and complete training, weekly and monthly safety meetings and
monthly safety audits.
About Cabo Drilling Corp.
(TSX-V: CBE)
Cabo Drilling Corp. is a drilling services company headquartered in
North Vancouver, British Columbia, Canada. The Company provides mining
related and specialty drilling services through its Canadian divisions
in Surrey, British Columbia; Montr�al, Quebec; Kirkland Lake, Ontario;
and Springdale, Newfoundland; and internationally through Cabo Drilling
de Mexico S.A. de C.V. of Hermosillo, Mexico; Cabo Drilling (Panama)
Corp. of Panama, Republic of Panama; Cabo Drilling Spain S.L. of
Sevilla, Spain; Balkan States Drilling SH.P.K. of Tirana, Albania; and
Cabo Drilling (International) Inc. The Company's common shares trade on
the Frankfurt Exchange under the symbol: DHL and on the TSX Venture
Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
"John A. Versfelt"
John A. Versfelt
Chairman, President and CEO
Further information about the Company
can be found on the Cabo website (http://www.cabo.ca) and SEDAR (www.sedar.com) or by contacting Sheri Barton,
Corporate Communications at 403-217-5830 or Mr. John A. Versfelt,
Chairman, President & CEO of the Company at 604-984-8894. For
general investor relation inquiries you may also contact Renmark
Financial Communications Inc. Barbara Komorowski: komorowski@renmarkfinancial.com
or Dan Symons: dsymons@renmarkfinancial.com
at Tel: 514-939-3989 or 416-644-2020.
* * * *
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. This news release may contain
forwardlooking statements including but not limited to comments
regarding the timing and content of upcoming work programs, geological
interpretations, potential mineral recovery processes and other
business transactions timing. Forward-looking statements address future
events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those
currently anticipated in such statements.
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