Fjordland Exploration Inc.
TSX VENTURE : FEX

Fjordland Exploration Inc.

January 18, 2008 08:15 ET

Fjordland Exploration Inc.: Woodjam's Southeast Zone Returns 0.40% Copper and 0.014% Molybdenum Over 113.8 Metres

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2008) - Fjordland Exploration Inc. (TSX VENTURE:FEX) and Cariboo Rose Resources Ltd. (TSX VENTURE:CRB) are pleased to report the final results for the 2007 diamond drilling program completed at the Woodjam porphyry project in south-central British Columbia confirming a significant discovery. Hole 07-79, the most northerly of three widely-spaced vertical holes in the newly discovered Southeast Zone, intersected 203.55 metres of copper-molybdenum mineralization averaging 0.34% copper and 0.014% molybdenum from bedrock surface at 145.20 metres to 348.75 metres. The final 3.90 metres of the hole encountered a cross-cutting, post-mineral basaltic dyke and the mineralization in this hole is thought to be open ended. A higher-grade portion of this hole beginning at the bedrock surface graded 0.40% copper and 0.014% molybdenum over 113.80 metres.

Hole 07-79 was drilled 3 metres east of hole 07-78 which was lost at bedrock where 1.20 metres of mineralization graded 0.38% copper and 0.012% molybdenum. Hole 07-79 is a 310-metre northern step out from hole 07-73, which in turn was a 500-metre northern step out from hole 07-72 (both drilled earlier in the 2007 program). All three holes (07-79, 07-73, and 07-72) bottomed in copper-molybdenum mineralization (except the dyke noted above in 07-79) over an open ended distance of 810 metres. The IP chargeability anomaly that formed the initial drill target measures 1,500 metres by 1,000 metres and remains largely untested. A map of the drill hole locations is available at http://www.fjordlandex.com/woodjam_property.html.

Tom Schroeter, President of Fjordland Exploration comments, "The drill intersection in hole 07-79 compares very favourably with the grades in the current reserves (383.6 million tonnes grading 0.310% copper and 0.009% molybdenum) and resources (530.0 million tonnes grading 0.309% copper and 0.007% molybdenum) at Taseko Mines' nearby Gibraltar open-pit mine. With 3 holes bottomed in mineralization, we are looking at the potential for a large-tonnage copper-molybdenum deposit in the Southeast Zone."

Results have also been received for holes 07-76 and 07-77 drilled in the Takom Zone (approximately 2.5 kilometres west of the Southeast Zone). Hole 07-77 was collared approximately 600 metres to the west of hole 07-76 and encountered copper-gold mineralization. A 53.3-metre interval in hole 07-77 averaged 0.27% copper and 0.29 g/t gold (206.7 metres to 260.0 metres). The highest individual 3-metre samples graded up to 0.93 g/t gold and 0.37% copper and 0.50 g/t gold and 0.51% copper. This hole is approximately 200 metres northeast from hole 74-03 which returned 10.7 metres grading 1.3 g/t gold and 0.13% copper. These results are viewed as indicating a large target area of mineralization, which displays a high gold to copper ratio and opens up new vectors for further exploration of this relatively untested area.

Three open-ended zones of porphyry mineralization have now been identified on the Woodjam property; namely the copper- and gold-rich Megabuck and Takom Zones and the newly discovered copper- and molybdenum-rich Southeast Zone. The Joint Venture, 60% Fjordland Exploration Inc. and 40% Cariboo Rose Resources Ltd., comprises 42,000 hectares of land situated in the Cariboo Region of south-central British Columbia, approximately 55 kilometres east of the city of Williams Lake. The project is located in a low elevation, relatively flat and dry timbered landscape, close to hydro electric power and a natural gas pipeline.

The 2008 exploration program at Woodjam is scheduled to begin in February 2008 with a deep penetrating geophysical survey capable of investigating depths up to 500 meters, with planned drilling to begin at the end of March deploying two rigs.

Core from the recent Southeast Zone discovery will be displayed at company exhibits at the Vancouver Resource Investment Conference being held January 20 and 21, 2008 (http://www.cambridgehouse.ca/ch_jan2008.html). At this conference, Tom Schroeter will give a presentation (Monday, January 21, 2008 at 12:45 pm, Workshop 3) to profile the recent successes at the Woodjam project. A copy of the presentation will be available on the companies' websites. The companies will also be displaying at a "core shack" display on Tuesday, January 29, 2008 at the Cordilleran Roundup (http://www.amebc.ca/roundupoverview.htm) to be held at the Bayshore Resort and Marina. Select photographs of mineralized core and maps have been posted by both companies on their respective web sites.

Analysis was performed by Acme Analytical Laboratories, a certified facility in Vancouver, using multi-element (ICP-ES) procedures, with gold and silver determined using fire assay procedures. External standards were inserted into the sample sequence on a ratio of one standard per twenty-five samples. The 2007 drilling program and sampling protocol were supervised by Bruce Laird, P.Geo. of Mincord Exploration Consultants Ltd. T.G. Schroeter, P.Eng./P.Geo., who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

About Fjordland Exploration Inc.

Fjordland Exploration is a mineral exploration company focused on the discovery of gold and copper deposits in British Columbia and the Yukon. Fjordland has a 60% interest in the 42,000-hectare Woodjam copper-gold-molybdenum property in south-central British Columbia and is operator of the project; Cariboo Rose Resources Ltd. holds the remaining 40% interest. Fjordland also has a 50%-50% joint venture with Serengeti Resources Inc. (TSX VENTURE:SIR) on the QUEST project to explore 47,000 square kilometres in the heart of British Columbia's Quesnel Terrane for precious and base metals. Shares of Fjordland Exploration Inc. trade on the TSX Venture Exchange under the symbol "FEX". For further information visit the Company's website at www.fjordlandex.com.

Tom Schroeter, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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