According to Fjordland Exploration Inc. and Cariboo Rose Resources Ltd., 60-per-cent/40-per-cent partners in the Woodjam joint venture (WJV), Gold Fields Ltd.’s exploration company, Gold Fields Horsefly Exploration Corp., has forwarded drilling results from the first seven holes (2,470 metres) of the 2010 campaign on the 13,827-hectare Woodjam South copper-gold-molybdenum property. The property is located 45 kilometres east of Williams Lake in south-central British Columbia.

Hole SE10-01 assayed 0.3 per cent copper, 0.07 gram per tonne gold and 0.006 per cent molybdenum over 400.9 metres. It was collared 200 m south-southwest of hole WJ08-84 which assayed 359.1 m grading 0.69 per cent Cu, 0.27 g/t Au and 0.006 per cent Mo, including 200.8 m grading 1.01 per cent Cu, 0.44 g/t Au and 0.002 per cent Mo.

Two holes (SE10-03 and SE10-05) were lost prematurely due to drilling difficulties. Hole SE10-06 was weakly mineralized with a few narrow intersections grading over 0.13 per cent copper.

Hole SE10-07 was highlighted by a 234.6 m interval grading 0.24 per cent Cu, including 83.6 m grading 0.38 per cent Cu and 0.001 per cent Mo. The hole was terminated in well-mineralized rock and the last 51.6 m averaged 0.45 per cent Cu, 0.05 g/t Au and 0.002 per cent Mo.

The focus of this year’s drilling on the Southeast zone was to expand the limits of the mineralized zone, as suggested by a two km by one km induced polarization anomaly. Wide-spaced drilling of the seven holes reported has now extended the area of mineralization to 1,500 m by 600 m. The new holes include SE10-04 and SE10-07, a 400 m step-out to the south and 280 m step-out to the north from previous drilling, respectively. As with the previous drilling of 18 holes during 2007 to 2008, all holes continue to be mineralized from the overburden/bedrock interface to the bottom of the holes, except for two occurrences of host rock displacement by narrow, younger basalt dikes.

         SOUTHEAST ZONE: SUMMARY OF SIGNIFICANT INTERCEPTS

Hole ID       From (m)   To (m)  Int (m)     Cu%   Au g/t      Mo%   CuEq %

SE10-01         104.1    505.0    400.9     0.30     0.07    0.006     0.38
including       104.1    203.0     98.9     0.34     0.13    0.002     0.43
SE10-02          81.4    408.0    326.6     0.10     0.02    0.005     0.14
including        81.4    127.0     45.6     0.18     0.04    0.002     0.21
including       332.0    372.0     40.0     0.10     0.01    0.002     0.20
SE10-04         152.5    325.0    172.5     0.19     0.02    0.001     0.29
including       277.0    293.0     16.0     0.29     0.02    0.004     0.53
SE10-07         176.9  411.6(i)   234.6     0.24     0.03    0.001     0.31
including       328.0  411.6(i)    83.6     0.38     0.04    0.001     0.49
including       360.0  411.6(i)    51.6     0.45     0.04    0.002     0.57

Intervals are core lengths; Cu equivalent in per cent calculated using
$2.50 (U.S.)/pound copper, $950 (U.S.)/ounce Au and $15 (U.S.)/pound Mo and
the formula ((Cu per cent multiplied by 22 multiplied by price Cu/pound) plus
(g/t Au multiplied by 0.03215 multiplied by price Au/ounce) plus (Mo per cent
multiplied by 22 multiplied by price Mo/pound)) divided by (price Cu/pound
multiplied by 22).
(i) End of hole.

Vein, fracture and disseminated porphyry-style mineralization in the Southeast zone, consisting of chalcopyrite, pyrite, molybdenite and trace bornite associated with potassic and phyllic alteration zones, is hosted by the Takomkane quartz monzonite intrusion and related aplite dikes.

Drilling is continuing as part of a planned 5,000 m drilling program. In addition, a planned 75 line km induced polarization geophysical surveying is in progress over the broad, unexplored area lying to the southwest of the Southeast zone. A drill location map may be viewed on-line.

Fjordland president Tom Schroeter said: “The ongoing intersection of continuous copper-gold-molybdenum mineralization in the Southeast zone has significantly increased the size potential of the system. We look forward to building on this size, which remains open laterally in all directions and at depth, as well as determining the grade potential.”

Core samples were analyzed by ALS Chemex Laboratories, a certified facility in Vancouver, B.C. Mr. Schroeter, PEng/PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

Woodjam North update

Phase two drilling is under way at the adjoining Woodjam North gold-copper property where approximately 5,000 metres of drilling are planned. Work at Woodjam North also includes a 26 line km induced polarization survey to identify further exploration targets.

Fjordland Exploration Inc. and Cariboo Rose Resources Ltd., 60-40 partners in the Woodjam joint venture, have received Gold Fields Ltd.’s Gold Fields Horsefly Exploration Corp.’s drilling results from the Woodjam North gold-copper property. Drilling on the property, which is located 45 kilometres east of Williams Lake in south-central British Columbia, started earlier this year. Phase one drilling between February and June, 2010, totalled 8,433 metres in 34 holes, including 2,330 m in the Takom zone, 3,921 m in the Deerhorn zone and 2,182 m in the Spellbound area. The results reported in the table are for the last four holes (1,197.6 m) in Deerhorn and eight holes (2,182 m) in Spellbound.

Deerhorn zone

Assay results for the four new holes completed in 2010 are reported in the table.

                   From         To   Interval       Au       Cu Au equivalent
Hole                 (m)        (m)        (m)    (g/t)      (%)         (g/t)

Deerhorn
DH10-13            75.3       84.0        8.7     0.11     0.23          0.52
DH10-13            88.0       92.0        4.0     0.22     0.06          0.33
DH10-13            96.0      148.0       52.0     0.08     0.22          0.47
DH10-13           152.0      163.4       11.4     0.06     0.14          0.31
DH10-13           208.0      217.0        9.0     0.06     0.11          0.26
DH10-14            78.0       84.0        6.0     0.07     0.12          0.29
DH10-14           110.3      226.2      115.9     0.29     0.32          0.87
DH10-15            82.0      141.3       59.3     0.14     0.15          0.42
DH10-15           200.0      226.0       26.0     0.17     0.16          0.46
DH10-16            39.0       60.0       21.0     0.27     0.16          0.55
DH10-16           124.0      184.6       60.6     0.35     0.22          0.75

Spellbound
SB10-04            51.0       55.0        4.0     0.08     0.12          0.30
SB10-09            28.0       36.0        8.0     0.18     0.16          0.47
SB10-09           110.0      119.0        9.0     0.03     0.17          0.33
SB10-10             5.3       13.0        7.7     0.28     0.34          0.89
SB10-10            17.0       23.0        6.0     0.07     0.09          0.24
SB10-10            35.0       68.2       33.2     0.10     0.15          0.37
SB10-10           257.0      272.0       15.0     1.01    0.004          1.02

Note: Intervals are core lengths. Au equivalent in grams per tonne is
calculated using $950 (U.S.) per ounce Au and $2.50 (U.S.) per pound Cu.
Metallurgical recoveries and net smelter returns are not considered.

These four holes were drilled to test the possible geometry of the mineralized zone in the area around hole DH10-09, which assayed 90.8 metres grading 0.58 gram per tonne Au and 0.39 per cent Cu, including 30.4 m grading 1.01 g/t Au and 0.72 per cent Cu. All four holes intersected mineralization. DH10-14 yielded 115.9 m grading 0.287 g/t Au and 0.32 per cent Cu. This hole was lost in mineralization at 226 m. The last two m graded 0.6 g/t Au and 0.28 per cent Cu. Additional step-out holes are planned to further test the zone. A drill location map may be viewed at Fjordland’s website.

Spellbound area

Reconnaisance drilling of eight (of 11) holes (totalling 2,182 m) which reached their targets in the Spellbound area, targeting coincident copper and molybdenum soil anomalies, resulted in the discovery of gold-copper mineralization over a large area located to the east of the Deerhorn zone and to the north of the Southeast zone. Three assay intervals greater than 0.24 g/t gold equivalent are reported in the table.

The best results from Spellbound are from SB10-10, located in the southern part of the Woodjam North property, approximately 1.5 km north of the Southeast zone on the Woodjam South property. Intersections included 33.2 m grading 0.103 g/t Au and 0.148 per cent Cu as well as 15 m grading 1.014 g/t Au and 0.006 per cent Cu. These intersections occur within broader zones of mineralized Takomkane quartz monzonite containing fine disseminated chalcopyrite, rare molybdenite and bornite in quartz veinlets. The zone remains prospective with a strong affinity to the style of mineralization encountered in the Southeast zone. Additional induced polarization, ground magnetic and soil sampling surveys are in progress. Follow-up drilling is planned. A drill location map may be viewed at the Fjordland’s website.

Fjordland’s president, Tom Schroeter, said: “These new drill results from the Deerhorn zone and the discovery of mineralization in the Spellbound area on the Woodjam North property provide a great platform for follow-up drilling in our phase two drilling program (5,000 m planned) which has started on the Takom zone and will be followed by drilling on the Deerhorn zone, the Spellbound area and initial holes on the Corner Lake area north of the Deerhorn zone.”

Mr. Schroeter, PEng, PGeo, is a qualified person within the context of National Instrument 43-101. He has read and takes responsibility for this news release.