Drilling Commences at Woodjam Project in Central British Columbia
Vancouver, B.C., March 13, 2008 – Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) and Fjordland Exploration Inc. (“Fjordland”) (TSX-V: FEX) are pleased to report that drilling has resumed at the Woodjam copper, gold and molybdenum project in central British Columbia. The objective of the 2008 program will be to continue drilling at the recent copper-molybdenum discovery in the Southeast Zone (announced January 18, 2008) and test other areas of the large claim group, which was expanded to 44,413 hectares with the recent 100% option of two properties (Magalloy and Big-Moose Horn) adjoining Woodjam. Approximately 4,000 meters of drilling by contractor Cabo Drilling (Pacific) Corp. is planned in the first phase program.
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 44 kilometres of new grid cut in February of this year (currently being surveyed; 75 kilometres). The Megabuck Zone, the Takom Zone and the newly discovered Southeast Zone collectively occupy a donut-shaped area measuring about six kilometres in diameter. In addition to the important discovery at the Southeast Zone with hole 07-79 which intersected 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 which intersected 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 and Cariboo Rose 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 included in the current geophysical survey.
The Woodjam Joint Venture is owned 60% by Fjordland and 40% by Cariboo Rose. 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.
Bill Morton
J.W. (Bill) Morton, P.Geo
President
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