Vancouver, B.C., December 5, 2007 - Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) and Fjordland Exploration Inc. (“Fjordland”) (TSX-V: FEX) are pleased to report that hole 07-79, the fourth hole into the newly discovered Southeast Zone at the Woodjam property, has intersected 207.45 metres of copper-molybdenum mineralization. Hole 07-79 encountered chalcopyrite and molybdenite mineralized quartz monzonite from the bed rock surface at 145.2 metres to 352.65 metres. The final 3.9 metres of the hole (348.75-352.65 metres) encountered a cross-cutting, post mineralization basaltic dyke similar to a 1.5 metre dyke seen further up the hole and the mineralization in this hole is expected to continue beyond the dyke and is therefore considered to be open ended. Hole 07-79 was stopped here due to machine limitations and seasonal considerations.
Hole 07-79 was drilled as a follow-up hole to 07-78 (3 metres from 07-78), which was lost at bedrock where mineralization was encountered (0.38% copper and 0.012% molybdenum over 1.17 metres). Hole 07-79 is a 310-metre step out from hole 07-73, which in turn was a 500-metre step out from hole 07-72. All three holes (07-79, 07-73, and 07-72) bottomed in copper / molybdenum mineralization (excepting the dyke noted above in 07-79) over an open ended distance of 810 metres. The IP chargeability anomaly that formed the initial drill target measures 1,500 metres across and remains largely untested. A map of the drill hole locations is available at http://www.cariboorose.com/s/Woodjam.asp.
The 2007 program at Woodjam, initiated in February 2007 with an extensive induced polarization survey (approximately 100 line kilometres), was designed to test for mineralization on a property-wide basis additional to the copper-gold mineralization explored for over the last several years in the Megabuck Zone (four kilometres to the northwest of the Southeast Zone). Several target areas were tested in 2007 including holes 07-72, 07-73, 07-78 and 07-79 in what has since been named the Southeast Zone. Eight diamond drill holes (2,388 metres) were completed in total with results for four holes, including hole 07-79, still not received but expected by mid-January.
The Woodjam Joint Venture, 60% Fjordland Exploration Inc. and 40% Cariboo Rose Resources Ltd., is situated in the Cariboo Region of south-central British Columbia, approximately 55 kilometres east of the city of Williams Lake. The project is located in a low elevation, relatively flat and dry timbered landscape, close to hydroelectric power and a natural gas pipeline.
The Woodjam Joint Venture is planning an aggressive drilling program for 2008. Core from the recent Southeast Zone discovery will be displayed at the Resource Investment Conference http://www.cambridgehouse.ca/ch_jan2008.html) to be held in Vancouver in January 2008. Select photographs of some of the mineralized core have been posted by both companies on their respective web sites.
The 2007 drilling program and sampling protocol are being supervised by Bruce Laird P.Geo., of Mincord Exploration Consultants Ltd. G. L. Garratt, P.Geo. is the qualified person who has reviewed and takes responsibility for this news release.
J.W. Morton
J.W. (Bill) Morton, P.Geo.
President
Contact: Paul Way, Business Development Manager
(604) 681-7913
Toll Free: 888-656-6611
pway@eastfieldgroup.com
About Cariboo Rose Resources Ltd.
Cariboo Rose Resources Ltd. is a Canadian public resource company that trades on the TSX - Venture exchange under the symbol CRB and currently operates five mineral exploration projects in Western Canada. It was spun off from Wildrose Resources Ltd. (TSX-V: WRS) in 2006, to allow Wildrose to focus on the Spanish Mountain Project. Cariboo Rose is part of the Eastfield Group. Since its inception in 1987, the Eastfield Group has utilized a successful business strategy that leverages its exposure by securing third party exploration financing on the majority of its projects. The other companies in the Eastfield Group are Eastfield Resources (TSX-V: ETF) and Wildrose Resources.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX - Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.