Vancouver, BC, September 3, 2008 - Fjordland Exploration Inc. (TSX-V: FEX) and Cariboo Rose Resources Ltd. (TSX-V: CRB) report that the 2008 Phase 2 drilling on their newly discovered Southeast Zone on the road accessible Woodjam project, located in the Cariboo region of central British Columbia, has been completed as planned. During the month of August 2008, Cyr Drilling completed approximately 2,500 m in six holes. The holes were planned to follow up on the very encouraging results from previous limited drilling, e.g. hole WJ-08-83 which graded 0.44% copper, 0.006% molybdenum and 0.079 g/t gold over 402 m, including 0.80% copper, 0.003% molybdenum and 0.123 g/t gold over 71.93 m. All holes were collared in excess of 100-m step-outs.
To date, fifteen vertical holes totalling in excess of 6,000 m have now been completed on the Southeast Zone over a strike length of approximately 1,000 m, within a 1.5 km-long induced polarization chargeability anomaly. Twelve of the fifteen holes were grid drilled in an area of 500 m by 300 m. All holes intersected mineralization at the bedrock surface and ended in mineralization at depths in excess of 700 m. Analytical results from this phase of drilling in the Southeast Zone will be released as soon as they are received. This drilling on the Southeast Zone as well as the historical results from the Megabuck Zone have recently led to a great deal of interest in the Woodjam project.
Drilling of selected induced polarization chargeability anomalies believed to be copper-gold targets is ongoing, including one on the Takom Zone and two on the Deerhorn Anomaly. Drilling is expected to continue until the end of the month.
Core samples have been submitted to Acme Analytical Laboratories, a certified facility in Vancouver, BC. Bruce Laird, P. Geo., of Mincord Exploration Consultants Ltd., is supervising the 2008 drilling program and sampling protocol. G. L. 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.
“G.L. Garratt, P.Geo.”
G. L. Garratt, P. Geo., Director
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, two of which border the Woodjam property. 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. The other companies in the Eastfield Group are Eastfield Resources Ltd. (TSX-V: ETF), Lorraine Copper Corp. (TSX-V: LLC) and Wildrose Resources Ltd. (TSX-V: WRS). For more information visit the Company’s website at www.cariboorose.com.
Paul Way, Business Development Manager
Phone (604) 681-7913, Toll Free: 888-656-6611
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.