CABO TO DRILL 4,000 METERS ON WOODJAM PROPERTY, BC

North Vancouver, BC - April 14, 2008 - Cabo Drilling Corp.’s (TSX-V: CBE) (“Cabo” or the “Company”) Pacific division has entered into a contract with Fjordland Exploration Inc. to drill approximately 4,000 meters on the Woodjam copper, gold and molybdenum project located in central British Columbia.

The 2008 drill program will continue drilling at the recent copper-molybdenum discovery in the Southeast Zone (see Fjordland Exploration’s new releases dated January 18, & March 13, 2008) and test other areas of the large claim group.

The 44 square kilometer Woodjam Property, owned 60:40 by Fjordland Exploration and Cariboo Rose Resources Ltd, is located in the Cariboo Region of B.C., about 50 kilometers east of the City of Williams Lake and 7 kilometers south of the village of Horsefly. The claims lie at low elevation, in relatively flat terrane and are easily road accessible and workable on a year-round basis.

About Fjordland Exploration Inc. (TSX-V: FEX)
Fjordland Exploration Inc. is a Vancouver-based junior mineral exploration company focused on the discovery of gold and copper deposits. Fjordland is conducting exploration in British Columbia, Canada, which has excellent mineral potential. The Company has a 60% interest in the 44,413 hectare Woodjam gold-copper property, located in central B.C., and a 50% joint venture to explore 20 copper-gold properties (QUEST project) totaling in excess of 144,000 hectares in the Quesnel Terrane in central British Columbia. Shares of Fjordland Exploration Inc. trade on the TSX Venture Exchange with the symbol "FEX".

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; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company’s common shares trade 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 Investor Relations Mr. Garett Greene or Mr. John A. Versfelt, Chairman, President & CEO of the Company at 604-984-8894.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking 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.-