An independent project review report on the Woodjam Gold Copper Project in the Horsefly Area, British Columbia, dated January 16, 2007, has been prepared for the Woodjam Joint Venture (Fjordland Exploration Inc. – 60% and Cariboo Rose Resources Ltd. – 40%) by P. E. Fox PhD, P. Eng.
The report has today been filed on SEDAR for Cariboo Rose and can be viewed at www.sedar.com.
J. William Morton, P.Geo.
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.