Vancouver, B.C. - March 18, 2008 - Cariboo Rose Resources Ltd. (TSX-V: CRB) and Dajin Resources Corp. (“Dajin”) (TSX–V: DJI) and are pleased to report the results of seven diamond drill holes (1,426.2 meters) completed on the Cowtrail Project in 2007. The project is located in the Cariboo gold region near Horsefly, in central British Columbia, and is accessible by highway and logging roads year round with ample power and water supply nearby.
The Highlight of the project was hole DDH.01 which intersected a zone of potassium altered micro diorite in contact with a pyritic metavolcanic unit which zone carries 1.16 g/t gold and 0.043% copper over 18.3 meters from 130.2 metres 148.4 metres. DDH.01 is also anomalous in gold over 50.3 metres from 25.0 metres in depth to 75.3 metres in depth. These results add significantly to the potential of the property.
Other results include drill hole DDH.03 that encountered weakly anomalous copper from 20.4 metres to 87.5 metres. Diamond drill hole DDH.04 contains weakly anomalous copper, with a maximum value of 360 ppm from 21.3 metres to 151.5 metres and within that interval samples taken from 118.0 metres to 133.2 metres averaged 28 ppb gold. Copper is also weakly anomalous from 166.7 metres to 200.3 metres with a maximum value of 780 ppm copper. That interval also contains a sample with 70 ppm molybdenum and another sample with 72 ppb gold. Drill hole DDH.05 is anomalous in gold, lead and zinc between 124.1 metres and 148.4 metres with maximum values of gold at 98 ppb, lead at 685 ppm and zinc at 1,502 ppm. The long intercepts of anomalous gold, copper and other base metals in the very widely spaced drill holes continues to suggest potential for mineralized zones at the Cowtrail project.
The drilling program was designed as an initial follow up to Dajin’s 2006 geophysical survey carried out in a search for a copper-gold porphyry prospect and consisted of drilling a single hole in each of ten selected IP chargeability anomalies located on the periphery of a magnetic intrusive body. The IP lines are spaced at 400 meters intervals. Eastfield Resources Ltd. (TSX-V: ETF) and its joint venture partner Imperial Metals Corp. (TSX: III) drilled a hole in 1997 that intersected long intervals of weak copper-gold and molybdenum mineralization at the southern boundary of the intrusion indicating its potential to host a porphyry copper-gold deposit. The intrusion, which is indicated in both airborne and ground based surveys, extends northerly for more than three kilometers from the Eastfield drill hole. Diamond drill hole DDH.01 was drilled near the projected northerly continuation of an airborne resistivity anomaly from the Eastfield work and near the southerly projection of a weak gold in soil feature from Dajin’s 2007 soil sampling.
Core was logged and sampled in the field under the supervision of Mahdad Saghezchi, GIT. Analysis was performed by Acme Analytical Laboratories, an ISO certified facility located in Vancouver, B.C., using multielement (I.C.P) procedures with gold determined using a 30 gram geochemical assay. External standards were inserted into the sample sequence on a ratio of approximately one standard per ten samples. David Jenkins, P.Geo. and Bill Morton, P. Geo are the qualified persons who have reviewed and take responsibility for this news release.
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. Cariboo Rose has six mineral exploration projects in Western Canada including the Woodjam Property that is a Joint Venture with Fjordland Exploration Inc. (TSX-V: FEX). Cariboo Rose has optioned Dajin the right to earn 65% interest in the Cowtrail Property by conducting $1-million of exploration and making cash payments totaling $110,000 by August 2010. Cariboo Rose is part of the Eastfield Group. Since its inception in 1987, the Eastfield Group has utilized a successful business strategy that leverages exposure by securing third party exploration financing on the majority of its projects. For more information visit the Company’s website at www.cariboorose.com.
Bill Morton
J.W. (Bill) Morton, P.Geo
President
Contact:
Paul Way, Business Development Manager
Phone (604) 681-7913, Toll Free: 888-656-6611
email: pway@eastfieldgroup.com
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.
TSX:CRB