Cabo Drilling Corp.
TSX VENTURE : CBE

Cabo Drilling Corp.

September 22, 2005 19:16 ET

Cabo Awarded Drilling Contract by Cline Mining Corporation

NORTH VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 22, 2005) - Cabo Mining Enterprises Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE) announces that its subsidiary Heath & Sherwood Drilling (1986) Inc. ("Heath & Sherwood") has been awarded a drilling contract by Cline Mining Corporation to perform drilling operations on their Cline Lake Gold property near Dubreuilville, Ontario.

The initial project consists of two, 1500 feet deep, strategically placed drill holes near the old mine site on the Cline Lake Gold property. The drilling project started September 12, 2005. The property is about an eight hour drive from Heath & Sherwood's Kirkland Lake, Ontario office.

Cabo Mining Enterprises Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides services through its subsidiaries Advanced Drilling Ltd. of Surrey, British Columbia; Forages Cabo Inc. of Montreal, Quebec; Heath & Sherwood Drilling (1986) Inc., of Kirkland Lake, Ontario; and Petro Drilling Company Limited of Springdale, Newfoundland. Cabo also holds interests in mineral exploration properties located near Cobalt, Kenora, and Sudbury, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.



ON BEHALF OF THE BOARD

(signed "John A .Versfelt")

John A. Versfelt
Chairman, President and CEO


Further information about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR (ww.sedar.com) or see below contacts.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The Exchange has not in any way passed upon the merits of this news release.

Contact Information

  • Cabo Mining Enterprises Corp.
    John A. Versfelt
    Chairman, President and CEO
    (604) 984-8894
    (604) 983-8056 (FAX)
    or
    Cabo Mining Enterprises Corp.
    Ms. Sheri Barton
    Investor Relations
    (403) 217-5830
    Email: cabo@cabo.ca
    Website: www.cabo.ca