Vancouver, BC, October 6, 2009 - Cariboo Rose Resources Ltd. (“Cariboo Rose”) (TSX-V: CRB) and Astorius Resources Ltd. (“Astorius”) (TSX-V:ASQ) are pleased to report that drilling has commenced on the Pat mineral property located approximately 15 kilometres east of Horsefly, in the Cariboo Region of central British Columbia.
The Pat project, encompassing 1,330 hectares, covers a prominent magnetic anomaly indicated in government surveys within the prolific Quesnel Trough. The magnetic feature at Pat is approximately 4.0 kilometres across and is roughly circular. Four to five wide-spaced holes are being planned to explore this target.
The Pat property is bounded to the south and west by the Woodjam North property owned by Cariboo Rose and Fjordland Exploration Inc. (TSX-V: FEX) which recently became subject to an option agreement with a member of the Gold Fields Limited group of companies (NYSE: GFI).
The Pat property is owned by Cariboo Rose and is subject to an option agreement which gives Astorius the right to earn a 60% interest in it by completing $1.2 million dollars in exploration, paying $150,000 in cash and issuing 200,000 shares to Cariboo Rose before July 9, 2011.
J.W. (Bill) Morton, P.Geo.
President and CEO
Cariboo Rose Resources Ltd.
Paul Way, Business Development Manager
(604) 681-7913 or Toll Free: 888-656-6611
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 gold, copper and molybdenum exploration projects in Western Canada. The company’s Woodjam North property is under option to the Gold Fields Limited group of companies. 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. Other affiliated companies in the group include Eastfield Resources Ltd. (TSX-V: ETF) and Lorraine Copper Corp. (TSX-V: LLC). For more information please visit the Company’s website at www.cariboorose.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.