Drilling at Woodjam South Intersects 264 m Grading 0.41% Copper

Vancouver, BC, June 29, 2011 – Cariboo Rose Resources Ltd. (TSX-V: CRB) and Fjordland Exploration Inc. (TSX-V: FEX), 40%-60% 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 six new holes (2,434 m) of the 2011 infill and expansion diamond drilling program, testing a previously defined core area of mineralization measuring 800 m by 630 m on the Southeast Zone of the Woodjam South copper-gold-molybdenum property. The Property is located 45 km east of Williams Lake in south-central British Columbia.

To date, 22 holes totaling more than 9,000 m have been completed in the 2011 program; further results will be reported in batches when received.

Southeast Zone Drilling:

Table Notes: Intervals are core lengths; Cu Equivalent in % calculated using US$2.50/lb Cu, US$950/oz Au and US$15/lb Mo and the formula: ((%Cu x 22 x Price Cu/lb) + (g/t Au x 0.03215 x Price Au/oz) + (%Mo x 22 x Price Mo/lb))/(Price Cu/lb x 22). * = end of hole. Metallurgical recoveries and net smelter returns are not considered.

Hole SE11-27 was collared between holes WJ08-83, WJ08-84 and SE11-26 in an area of an interpreted high-grade core of mineralization. Copper-gold-molybdenum mineralization was intersected from the top of the bedrock to the end of the hole at 401.1 m. A 25.8-m non-mineralized plagioclase porphyry dyke occurs between 276.5 and 302.3 m. Hole WJ08-84, located 60 m to the southwest of SE11-27 assayed 0.69% Cu, 0.26 g/t Au and 0.006% Mo, including 1.01% Cu, 0.44 g/t Au and 0.002% Mo over 200.8 m.

Hole SE11-28 was collared between holes WJ08-86 and SE10-01, south of a trend of higher grade mineralization previously defined by drilling, and encountered copper-molybdenum mineralization from the top of the bedrock to the end of the hole at 478.5 m.

Hole SE11-29 was collared between WJ08-83 and WJ08-96 confirming an area of higher grade core of mineralization. Copper-gold-molybdenum mineralization was intersected from the top of the bedrock to the bottom of the hole at 404.2 m. A 9.9-m plagioclase porphyry dyke occurs between 290.5 and 300.5 m.

Hole SE11-31 was collared approximately 70 m northeast of hole WJ08-83, along strike to the northeast of the higher-grade core zone. Copper-gold-molybdenum mineralization was intersected from the bedrock to the end of the hole at 416.4 m.

Hole SE11-32 was collared approximately 60 m to the northeast of SE11-23, immediately west of an area of interpreted higher grade mineralization. Copper-molybdenum mineralization was intersected from the bedrock to the end of the hole at 440.7 m. A 19.7-m basalt dyke occurs between 392.4 and 412 m.

Hole SE11-33 was collared approximately 140 m northeast of SE10-14, along the interpreted northern portion of the higher-grade core area. Copper-molybdenum mineralization was intersected from the bedrock to the end of the hole at 293.2 m. The hole was lost in bad ground, between 100 and 150 m above the target depth.

Assay results for holes SE11-23, SE11-25 and SE11-30 have not yet been approved under the project’s strict quality control/quality assurance procedures.

All 49 drill holes reported on the Southeast Zone to date are mineralized from the overburden/bedrock interface to the bottoms of the holes. The current drilling program is testing mineralization to depths of about 400 m; however, the deepest hole to date (WJ08-82) is just over 700 m and ended in mineralization. One drill has moved to begin infill and expansion drilling on the northern portion of the core area; the second drill will move to the north after completing a further six holes on the southern portion.

Core samples were analyzed by ALS Laboratory Group, a certified facility in North Vancouver, BC. G. 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.

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