Latest Drilling Confirms Southeast Zone Discovery at Woodjam

Vancouver, B.C., December 5, 2007 – Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) and Fjordland Exploration Inc. (“Fjordland”) (TSX-V: FEX) are pleased to report that hole 07-79, the fourth hole into the newly discovered Southeast Zone at the Woodjam property, has intersected 207.45 metres of copper-molybdenum mineralization. Hole 07-79 encountered chalcopyrite and molybdenite mineralized quartz monzonite from the bed rock surface at 145.2 metres to 352.65 metres. The final 3.9 metres of the hole (348.75-352.65 metres) encountered a cross-cutting, post mineralization basaltic dyke similar to a 1.5 metre dyke seen further up the hole and the mineralization in this hole is expected to continue beyond the dyke and is therefore considered to be open ended. Hole 07-79 was stopped here due to machine limitations and seasonal considerations.

Hole 07-79 was drilled as a follow-up hole to 07-78 (3 metres from 07-78), which was lost at bedrock where mineralization was encountered (0.38% copper and 0.012% molybdenum over 1.17 metres). Hole 07-79 is a 310-metre step out from hole 07-73, which in turn was a 500-metre step out from hole 07-72. All three holes (07-79, 07-73, and 07-72) bottomed in copper / molybdenum mineralization (excepting the dyke noted above in 07-79) over an open ended distance of 810 metres. The IP chargeability anomaly that formed the initial drill target measures 1,500 metres across and remains largely untested.

The 2007 program at Woodjam, initiated in February 2007 with an extensive induced polarization survey (approximately 100 line kilometres), was designed to test for mineralization on a property-wide basis additional to the copper-gold mineralization explored for over the last several years in the Megabuck Zone (four kilometres to the northwest of the Southeast Zone). Several target areas were tested in 2007 including holes 07-72, 07-73, 07-78 and 07-79 in what has since been named the Southeast Zone. Eight diamond drill holes (2,388 metres) were completed in total with results for four holes, including hole 07-79, still not received but expected by mid-January.

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

The 2007 drilling program and sampling protocol are being supervised by Bruce Laird P.Geo., of Mincord Exploration Consultants Ltd. G. L. Garratt, P.Geo. is the qualified person who has reviewed and takes responsibility for this news release.

J.W. Morton
J.W. (Bill) Morton, P.Geo.
President

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