Drilling at Woodjam South (Southeast Zone) Yields 110 m Grading 0.75% Copper

Vancouver, BC, December 7, 2011 – Consolidated Woodjam Copper Corp. (“Woodjam Copper”) (TSX-V: WCC) is pleased to report that Gold Fields Limited’s (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation (“Gold Fields”), has forwarded drill results from the final five holes (2,185 m) of the 2011 Southeast Zone infill and expansion diamond drilling program at Woodjam South. The drilling program, which is part of the 2011 $5 million exploration budget for the Woodjam South Property, tested a defined core area of mineralization measuring approximately 1,000 m by 800 m to depths of approximately 400 m to 450 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.

Drill holes SE11-59 through SE11-62 were drilled in the higher grade central portion of the Southeast Zone and were successful in expanding the higher grade area to the north as well as confirming the character of the zone internally with in-filling. Hole SE11-58 is on the northeastern edge of the drilling and indicates that further expansion of the zone is possible in this direction.

During 2011, 42 drill holes (SE11-21 to SE11-62, inclusive) totaling 17,195 m were completed in the Southeast Zone. To date, 80 drill holes totaling 31,740 m have been cored on the Southeast Zone. A drill location map can be viewed at SEZ Drilling Dec 2011.

Southeast Zone Drilling Highlights:

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. (* end of hole)

Drill holes SE11-60 and 62 were inclined and oriented holes, designed to provide some geometry to the different intrusive bodies hosting the mineralization as well as the dominant orientations of mineralized veins. These holes were drilled on either side of vertical hole WJ08-84, which assayed 359.1 m grading 0.69% copper, 0.006% molybdenum and 0.27 g/t gold, including a 200.8 m interval grading 1.01% copper, 0.002% molybdenum and 0.44 g/t gold. The intrusive bodies hosting the mineralization and the trend of the mineralization intersected in drilling suggest a northwest dip of the mineralized zone.

Gold Fields has informed Woodjam Copper that it will provide it with a 43-101 compliant inferred resource for the Southeast Zone in the first quarter of 2012. Furthermore, Gold Fields is expected to be in a position to vest into its initial 51% in the Woodjam North and Woodjam South Properties in early 2012. Under the respective Property Agreements with Woodjam Copper, Gold Fields can earn up to a 70% interest in both properties by completing $35 million dollars in exploration over a 7.5 year term, purchasing $500,000 worth of Fjordland Exploration Inc. (TSX-V: FEX) and Cariboo Rose Resources Ltd. (TSX-V: CRB) shares (completed) and providing Woodjam Copper with a comprehensive feasibility study of all known deposits in the Woodjam South Property.

Gold Fields has also recently completed drilling of 2,800 m in 15 holes on selected targets to the south of the Southeast Zone in an area devoid of outcrop.

Tom Schroeter, Senior Technical Advisor to Woodjam Copper says: “We are very pleased with the results from this year’s drilling program on the Southeast Zone and look forward to receiving a NI 43-101 compliant resource from Gold Fields in early 2012. This will be a significant milestone in the future development of the Woodjam projects.”

Elsewhere, on the Woodjam North Property, drilling has been completed on the Tisdall Lake porphyry copper-gold-molybdenum prospect (3 holes totaling approximately 760 m), as well as follow-up drilling on the Deerhorn, Megabuck and Megabuck East Zones. The exploration budget for Woodjam North during 2011 was $1.9 million.

Core samples were analyzed by ALS Laboratory Group, a certified facility in North Vancouver, BC. Glen Garratt, P.Geo. and Tom Schroeter, P.Eng./P.Geo. who are qualified persons within the context of National Instrument 43-101, have read and taken responsibility for this news release.

Glen 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 100% interest in the Woodjam North and Woodjam South properties which are under option to Gold Fields who may earn up to a 70% interest in the properties.

About Gold Fields Limited

Gold Fields is one of the world’s largest unhedged producers of gold with attributable, annualized 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 77 million ounces and Mineral Resources of 225 million ounces. For more information visit the company’s website at www.goldfields.co.za.