New Drilling Results from the Southeast Zone

Gold Fields Releases Drilling Results from the Southeast Zone on the Woodjam Copper-Gold Project

Drill Hole SE12-80 Returns 310.89 m Grading 0.48% Copper Equivalent

Vancouver, BC, October 22, 2012 – Consolidated Woodjam Copper Corp. (“Woodjam Copper”) (TSX-V: WCC) is pleased to report that Gold Fields Horsefly Exploration Corporation (“Gold Fields”) a subsidiary of Gold Fields Limited (JSE, NYSE, NASDAQ, Dubai: GFI), has released assay data for 20 drill holes (totaling 7,820.67 m) completed in 2012 to date on the Woodjam South Property (location maps for the drilling can be viewed at www.woodjamcopper.com). The Property is located approximately 45 km east of the City of Williams Lake, BC.

 On the Woodjam South Property drilling has been directed at expanding the Southeast Zone where mineralization remains open in several directions. The Southeast Zone has an initial pit constrained NI 43-101 compliant inferred resource of 146.5 million tonnes grading 0.33% copper (with accessory gold) which was announced in a News Release dated March 1, 2012. A table showing results for all the holes completed in 2012 on the Southeast Zone is attached. Highlights of the drilling program are:

  • Holes SE12-63, 64, 74, 77, 80 and 82 were all drilled as step-outs from the southern border of the resource area and all these holes intersected significant mineralization. Hole SE12-80 returned 310.89 m of 0.48% copper equivalent from the bedrock interface and the top 151.79 m of this interval returned 0.71% copper equivalent.
  • Hole SE12-67 stepped northward from the resource area and intersected 301.75 m grading 0.18% copper equivalent from 81.08 m including 129.0 m grading 0.40% copper equivalent from 203.00 m.

 (Cu Equivalent in % calculated using US$2.50/lb Cu, US$1400/oz Au)

The company is very pleased with the results to date on the Southeast Zone and this phase of drilling continued to indicate the strong potential for growth of the resource. Gold Fields is continuing with three drills on the Woodjam North Property and is focusing its effort on the newly discovered Three Firs Zone as well as the Deerhorn Zone (see News Release dated August 7, 2012) where the mineralization carries a high gold to copper ratio. It is expected that this phase of drilling will continue through November. A total of approximately 35,000 m of drilling is expected to be completed on the Woodjam North and Woodjam South Properties during 2012.

Gold Fields has vested a 51% interest in both the Woodjam North and South properties. Gold Fields gave notice to Woodjam Copper in January 2012 that it will exercise its right to earn a further 19% interest in each of the Woodjam North and Woodjam South Properties. To earn this additional interest Gold Fields is required to spend Cdn$12 million and US$8 million over the next four years on the Woodjam North and Woodjam South properties respectively. In addition, Gold Fields is required to complete a comprehensive feasibility study on the Woodjam South Property.

Core samples were analyzed by ALS Laboratory Group, a certified facility in North Vancouver, BC. Glen L. Garratt, P.Geo., a qualified person for the purposes of National Instrument 43-101, has read and taken responsibility for this news release.

Glen L. Garratt, P.Geo.

Director
Consolidated Woodjam Copper Corp.

Contact:
Paul Way, Investor Relations

Phone: (604) 681-7913, Toll Free: 888-656-6611; email: office@woodjamcopper.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

About Consolidated Woodjam Copper Corporation

Consolidated Woodjam Copper Corp. (“Woodjam Copper”) (TSX-V: WCC) was called for trading on the TSX-V on November 25, 2011. Woodjam Copper was created when Fjordland Exploration Inc. (“Fjordland”) (TSX-V: FEX) and Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB), 60%-40% partners in the Woodjam Joint Venture (“WJV”), jointly put their interests in the WJV into the new company. Shareholders of Fjordland and Cariboo Rose received shares in Woodjam Copper. Woodjam Copper currently owns a 49% interest in the Woodjam North and Woodjam South properties which are under option to Gold Fields who own a 51% interest and may earn a further 19% to total a 70% interest in the properties. In 2012, Woodjam Copper published an initial Southeast Zone NI 43-101 compliant inferred resource of 146.5 million tons grading 0.33% copper (pit constrained).

About Gold Fields Limited

Gold Fields is one of the world’s largest unhedged producers of gold with attributable, annual production of 3.5 million ounces per annum from eight operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfield and near-mine exploration projects at various stages of development. Gold Fields has total attributable Mineral Reserves of 80.6 million ounces and Mineral Resources of 217 million ounces. For more information visit the company’s website at www.goldfields.co.za.

Drilling Results:

Hole Number

From (m)

To (m)

Interval (m)

Au (g/t)

Cu (%)

Mo (%)

CuEq (%)

SE12-63

82.30

425.50*

343.20

0.031

0.18

0.01

0.22

Including

82.30

96.73

14.43

0.008

0.35

0.00

0.36

And

178.00

424.00

246.00

0.042

0.21

0.01

0.26

Including

222.79

364.00

141.21

0.051

0.28

0.02

0.34

SE12-64

77.72

434.64*

356.92

0.046

0.23

0.01

0.28

Including

77.72

286.51

208.79

0.066

0.30

0.00

0.38

Including

77.72

213.16

135.44

0.086

0.38

0.00

0.48

SE12-65

102.11

394.11*

292.00

0.019

0.15

0.01

0.17

Including

126.00

394.11

268.11

0.020

0.16

0.01

0.19

Including

234.00

381.00

147.00

0.028

0.20

0.01

0.23

SE12-66

51.51

425.50*

373.99

0.008

0.05

0.00

0.06

SE12-67

81.08

382.83*

301.75

0.034

0.13

0.00

0.18

Including

203.00

332.00

129.00

0.079

0.30

0.00

0.40

Including

255.00

298.00

43.00

0.060

0.39

0.00

0.46

SE12-68

20.73

401.73*

381.00

0.005

0.01

0.00

0.02

Including

277.93

296.73

18.80

0.030

0.18

0.00

0.21

SE12-69

173.74

526.08*

352.34

0.015

0.11

0.01

0.12

Including

175.00

263.00

88.00

0.026

0.18

0.00

0.22

Including

175.00

249.14

74.14

0.029

0.20

0.00

0.24

SE12-70

91.44

459.03*

367.59

0.006

0.09

0.00

0.10

Including

309.00

455.80

146.80

0.010

0.19

0.00

0.21

Including

367.85

451.50

83.65

0.014

0.25

0.00

0.26

Including

367.85

402.00

34.15

0.022

0.32

0.00

0.35

SE12-71

92.66

367.59*

274.93

0.008

0.09

0.00

0.10

Including

174.00

303.00

129.00

0.013

0.14

0.00

0.15

Including

223.00

286.00

63.00

0.020

0.19

0.00

0.21

SE12-72

92.66

346.25*

253.59

0.018

0.09

0.00

0.11

Including

243.00

335.00

92.00

0.028

0.13

0.01

0.16

SE12-73

65.53

361.49*

295.96

0.009

0.09

0.00

0.10

Including

126.00

158.00

32.00

0.014

0.13

0.00

0.15

And

197.00

221.00

24.00

0.013

0.45

0.04

0.46

SE12-74

122.83

357.53*

234.70

0.023

0.20

0.01

0.23

Including

137.00

341.00

204.00

0.025

0.22

0.01

0.25

Including

137.00

161.00

24.00

0.039

0.48

0.00

0.53

And

204.00

281.00

77.00

0.033

0.26

0.01

0.30

SE12-75

162.20

361.31*

199.11

0.013

0.07

0.00

0.09

SE12-76

150.27

385.88*

235.61

0.007

0.07

0.00

0.08

Including

335.00

385.88

50.88

0.019

0.22

0.00

0.25

SE12-77

62.79

391.97*

329.18

0.018

0.12

0.01

0.14

Including

64.00

295.00

231.00

0.021

0.14

0.01

0.17

Including

106.00

170.00

64.00

0.027

0.19

0.01

0.22

SE12-78

59.74

322.48*

262.74

0.006

0.02

0.00

0.03

SE12-79

117.00

376.73*

259.73

0.009

0.04

0.00

0.05

Including

151.00

187.00

36.00

0.042

0.14

0.00

0.19

Including

153.00

159.00

6.00

0.117

0.23

0.00

0.37

SE12-80

74.68

385.57

310.89*

0.125

0.32

0.01

0.48

Including

74.68

311.00

236.32

0.153

0.36

0.00

0.55

Including

74.68

226.47

151.79

0.208

0.45

0.00

0.71

Including

74.68

172.00

97.32

0.274

0.56

0.00

0.89

SE12-81

65.84

343.20

277.36*

0.006

0.05

0.00

0.06

Including

137.67

162.68

25.01

0.015

0.21

0.00

0.23

SE12-82

57.00

371.25

314.25*

0.018

0.13

0.00

0.15

Including

59.00

155.00

96.00

0.020

0.19

0.00

0.21

And

205.00

322.00

117.00

0.023

0.13

0.00

0.1

Notes: Intervals are core lengths; Cu Equivalent in % calculated using US$2.50/lb Cu, US$1400/oz Au  and the formula: ((%Cu x 22 x Price Cu/lb) + (g/t Au x 0.03215 x Price Au/oz))/(Price Cu/lb x 22). * = end of hole. Metallurgical recoveries and net smelter returns are not considered.

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