Cabo Drilling Corp.
TSX VENTURE : CBE

Cabo Drilling Corp.

July 05, 2005 08:45 ET

Cabo Mining Enterprises Corp. Featured In 'Business And Beyond' Production To Be Aired On CNBC

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 5, 2005) - Cabo Mining Enterprises Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE) today announces that it will be featured in Platinum Television Group's Models of Excellence series in the segment entitled "Excellence in Mining". The airing is tentatively scheduled for the fourth quarter of calendar 2005. The initial production will be shown on the television series, "Business and Beyond" featured on CNBC in the Unites States and Europe. Repeat airings will take place 100 times in 25 leading markets across the Unites States.

The "Excellence in Mining" television series provides the public with general insight into the mining and drilling industries. Cabo's appearance in this series provides specific information about Cabo and its growth strategy in the mineral and alternative drilling sectors. In less than one year, Cabo has grown from a single dimension mineral exploration company into a multi-dimensional drilling services and mineral exploration company with projected annualized revenue exceeding $20,000,000 and assets net of debt in excess of $17,000,000. The Company has taken significant steps in implementing its strategy towards achieving its goal of becoming a major Canadian drilling services company. With its acquisitions to date, Cabo is emerging as both a national and international player as it expands its operations across Canada, in Greenland and in Latin America.

"Cabo is pleased to be able to participate in the "Business and Beyond" television program," stated Mr. John Versfelt, Chairman, President and CEO of the Company. "It is a well produced vehicle to describe and deliver the Company's vision and progress to interested parties and to a broader cross-section of the investing public."

About Platinum Television Group

Platinum Television Group, located in Deerfield Beach, FL, describes itself as delivering the full scope of an advertiser's message to audiences for more than seven years through its innovative half-hour programs, which delve into many popular areas of interest. Platinum currently offers 11 different shows, with more in the works, aired on targeted national and international cable networks, as well as on regional broadcast stations. The key is to educate, as well as entertain viewers with feature-style segments about interesting companies and products or technologies.

Cabo Mining Enterprises Corp. is a drilling services and mineral exploration company headquartered in North Vancouver, British Columbia, Canada. The Company provides drilling services through its subsidiaries Heath & Sherwood Drilling (1986) Inc., of Kirkland Lake, Ontario; Petro Drilling Company Limited of Springdale, Newfoundland; Stratacan Inc. of St. John's, Newfoundland; Forages Cabo Inc. of Montreal, Quebec; and Advanced Drilling Ltd. of Surrey, British Columbia. Cabo's mineral exploration properties are 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 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 (www.sedar.com).

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