Drilling Commences at Woodjam Project, BC

Almost the entire landscape at the Woodjam project is overburden covered causing exploration to be dominated by diamond drilling, guided by geophysical surveying (induced polarization). Three anomalous regions of geophysical response, now considered to probably be a unified feature, have been explored using these techniques with approximately 43,700 metres of new grid cut in February of this year (and approximately 75,000 metres currently being surveyed) augmenting this total. The Megabuck Zone, the Takom Zone and the newly discovered Southeast Zone collectively occupy a donut-shaped area measuring about five kilometres in diameter. In addition to the important results announced January 18, 2008 for the Southeast Zone (hole 07-79 with 113.8 metres grading 0.40% copper and 0.014% molybdenum), significant results were also received for hole 07-77 drilled in the Takom Zone (53.3 metres grading 0.27% copper and 0.29 g/t gold). The Takom anomaly, located approximately 3 kilometres west of the Southeast Zone, was formerly constrained on the west side by the property boundary. On February 26, 2008, Fjordland Exploration Inc. and Cariboo Rose Resources Ltd. entered into two options to earn a 100% interest (subject to a net smelter interest) in 1,850 hectares of mineral claims west of the pre-existing boundary to allow this area to be more effectively explored. Exploration of the Takom copper gold target has consequently been elevated to a significant additional objective of the 2008 program and is one of the areas currently in the midst of a geophysical survey.

The Woodjam Joint Venture is owned 60% by Fjordland Exploration Inc. and 40% by Cariboo Rose Resources Ltd. The project lands are situated in the Cariboo Region of south-central British Columbia, approximately 55 kilometres east of the City of Williams Lake. The Woodjam project is located in a low elevation, relatively flat and dry timbered landscape, close to hydroelectric power and a natural gas pipeline.