Vancouver, BC, July 23, 2008 ? Fjordland Exploration Inc. (TSX-V: FEX) and Cariboo Rose Resources Ltd. (TSX-V: CRB) report that a second drill rig has been mobilized to their Woodjam project, located in the road accessible Cariboo region of central British Columbia. Cyr Drilling is expected to arrive on the property later in the week and will continue to drill test the Southeast Zone, with 2000 to 2500 meters planned. The existing drill on site will move to reconnaissance drilling on the Takom and Deerhorn zones.

During the spring of 2008, four drill holes totalling 2,206 meters were completed on the Southeast Zone during Phase 1 drilling. These holes focused on grid drilling an area 200 meters by 200 meters, within a 1.5 km-long induced polarization chargeability anomaly. All seven holes drilled to date in the Southeast Zone have intersected porphyry-style mineralization from the bedrock surface to the bottoms of the holes. Two of these holes (07-72, 07-73) lie 700 meters to the southwest and 250 meters to the south, respectively, from the detailed drilling area. The holes were stopped either because of the drill rig capability or due to bad ground conditions. The last hole of this Phase 1 program (WJ08-83) assayed 0.44% copper, 0.006% molybdenum and 0.079 grams per tonne gold over 402 meters, including 0.80% copper, 0.003% molybdenum and 0.123 grams per tonne gold over 71.93 meters.

In late June, 2008 a Phase 2 drilling program commenced on the Southeast Zone (see News Release dated June 26, 2008), and hole 08-84, a 100-meter step-out to the southwest of hole 08-83, is nearing completion. Upon completion of this hole, this drill rig will move on to test selected induced polarization chargeability anomalies over copper - gold targets in the Takom (1 hole) and Deerhorn (2 holes) anomalies, located west and north of the Southeast Zone, respectively. The Takom hole will be located approximately 90 meters north of hole WJ07-77 which assayed 0.3% copper and 0.31 grams per tonne gold over 39 meters. The two Deerhorn holes will test a previously undrilled area, east-northeast of the Megabuck copper-gold zone, where a potentially significant amount of copper-gold mineralization has been outlined.

With mineralization observed in hole 08-84 similar in character to that in 08-83, the companies are very encouraged about the potential to significantly expand the size of the Southeast Zone. Drilling on this zone is expected to continue until September.

Core samples will be submitted to Acme Analytical Laboratories, a certified facility in Vancouver, BC. Bruce Laird, P. Geo., of Mincord Exploration Consultants Ltd. is supervising the 2008 drilling program and sampling protocol. Tom Schroeter, P.Eng./P. Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of gold, copper and molybdenum deposits in British Columbia. Fjordland holds a 60% interest in the 45,000-hectare Woodjam copper-gold-molybdenum property in south-central British Columbia, and is operator of the project; Cariboo Rose Resources Ltd. holds the remaining 40% interest. Fjordland is also a partner in a 50%-50% joint venture with Serengeti Resources Inc. (TSX-V: SIR) on the QUEST project to explore 27 properties totalling approximately 144,000 hectares in the heart of British Columbia's Quesnel Terrane for precious and base metals. Shares of Fjordland Exploration Inc. trade on the TSX Venture Exchange under the symbol "FEX". For further information visit the Company's website at www.fjordlandex.com.