Deerhorn Zone Intersects 207.5 m Grading 1.00g/t Gold and 0.18% Copper

Vancouver, BC, May 18, 2011 – Fjordland Exploration Inc. (TSX-V: FEX) and Cariboo Rose Resources Ltd. (TSX-V: CRB), 60%-40% partners in the Woodjam Joint Venture (“WJV”), report that Gold Fields Limited’s (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation (“Gold Fields”), has forwarded drill results from an additional 2 holes of the 2011 drilling program on the Deerhorn Zone of the Woodjam North gold-copper property. The property is located 45 km east of Williams Lake in south-central British Columbia.

The results from these two holes continue to define and expand the mineral trend as previously outlined by holes DH09-03, DH10-04, 05, 20, 21, 23, 25, DH11-26, 27, 29 and 30. The higher-grade shoot appears to plunge moderately to the southeast and has dimensions of approximately 350 m in strike, 100 m in width and 200 m in depth and remains open. This higher grade shoot is enclosed within a much larger, lower grade envelope containing quartz (locally sheeted) with magnetite vein-hosted and disseminated chalcopyrite mineralization in potassic-altered zones of fine-grained volcaniclastic rocks with interfingering monzonitic dykes

The Phase One 2011 drilling program commenced on February 10th and ended on April 4th; 9 holes totaling 2,050.7 metres were completed. Assay results for the final hole are pending. The program was designed to expand the mineralized zone intersected in previously reported holes DH10-21 (156.6 m grading 1.14g/t Au and 0.29% Cu, including 64 m grading 1.92g/t Au and 0.26% Cu), DH11-26 (151.5 m grading 0.83g/t Au and 0.21% Cu, including 68.8 m grading 1.17g/t Au and 0.35% Cu) and DH11-30 (160.3 m grading 1.03g/t Au and 0.25% Cu, including 39.6 m grading 2.07g/t Au and 0.47% Cu).

Deerhorn Zone Drilling Highlights:

Au Equivalent in g/t calculated using US$950/oz gold, US$2.50/lb copper and the formula: ((g/t Au + (%Cu x 22 x Price Cu/lb) / (Price Au/oz x 0.032151)). Metallurgical recoveries and net smelter returns are not considered.

Hole DH11-31 was lost in overburden at 49.4 m.

Hole DH11-32 intersected chalcopyrite with magnetite and hematite as fine-grained disseminations and in sheeted quartz veins, hosted by fine-grained volcaniclastic rocks and monzonitic dykes. A 207.5 m interval assayed 1.00g/t Au and 0.18% Cu and included several higher-grade intervals (see Table).

Hole DH11-33, the most northwesterly drill hole along the mineralized trend, intersected a similar alternating sequence of volcaniclastic rocks and monzonitic dykes with similar styles of alteration and mineralization. A 149.0 m interval assayed 0.30g/t Au and 0.23% Cu and included several higher-grade intervals (see Table).

In addition, a second mineralized trend in the Deerhorn Zone, to the north of the zone reported in this release and with approximate dimensions of 700 m in length and 100 m in width, was previously indicated by drilling in 2010. No further testing has yet taken place on this trend.

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

Glen Garratt, P.Geo, Director.
Cariboo Rose Resources Ltd.

Contact:
Paul Way, Business Development Manager
Phone: (604) 681-7913, Toll Free: 888-656-6611; email: pway@eastfieldgroup.com

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