Caribou King Resources Ltd.
TSX VENTURE : CKR
OTCBB : CBULF
FRANKFURT : CB8

Caribou King Resources Ltd.

May 22, 2015 08:00 ET

Caribou Announces Assay Results From Buckingham

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2015) - CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE:CKR)(OTCBB:CBULF)(FRANKFURT:CB8) is pleased to announce assay results from the northern "Case Zone" at its 100% owned Buckingham Graphite property in southern Quebec.

Sampling was conducted in the newly discovered "Case Zone", recently reported by Caribou King (PR dated May 14, 2015), which has been found to be host to numerous and widespread graphite showings exhibiting broad horizons of large-flake disseminated and chunk-style graphite.

A total of 17 grab samples were taken in and around the Case Zone (of which 7 are still pending assay). The highest assay of 28.7% was returned from a sample taken near the centre of the zone, from a large former excavation located directly over a historical airborne anomaly. A total of six samples returned values higher than 10.0% Cg, as shown in the table below:

Case Zone - Grab Sampling Results:

Sample # Easting Northing % Cg
1138362 459777 5353735 28.7
1138361 459776 5053727 23.8
1133605 459788 5053745 23.7
1133610 459683 5053675 12.6
1133604 459295 5053491 12.2
1133603 460123 5053802 10.6

Graphite mineralization in all samples was observed as large-flake and disseminated in altered marble/paragneiss horizons. The highest assays show a strong correlation with historic electromagnetic conductors (report DP83-05).

Michael England, CEO and Director of Caribou King, stated: "These assay results are highly encouraging and demonstrate the presence of graphite in yet another area on the Buckingham Property, approximately 700m northwest from our existing Uncle Zone. We are beginning to define a substantial new zone on a property which has already yielded over 99.9% Cg pure graphite from flotation testing alone. The Buckingham property has returned some of the highest assay results reported in Quebec to date and continues to yield great results."

The Case Zone measures at least 900m along strike and up to 350m wide, as indicated by assays, graphite-rich showings, pits and EM anomalies, and remains open on all sides. Graphite mineralization at the Case Zone appears to be primarily hosted along the contact of near-surface, sub-horizontally dipping marble/paragneiss horizons with additional chunk-style large-flake graphite occurring in narrow, steeply-dipping brecciated structures.

The samples were treated at Activation Laboratories Ltd. (Actlabs) using protocol 5D-C, where they underwent drying, crushing with up to 90% passing through a #10 square-mesh screen, riffle splitting (250 g) and pulverizing to 95% passing a 105 micron square-mesh screen. Graphitic carbon (Cg) was determined by multistage furnace treatment and infrared absorption, with a 0.05% detection limit.

Please see www.caribouking.com/index.php?page=buckingham for maps and more information.

The technical contents of this release were approved by Mr. Case Lewis, P.Geo. and a Qualified Person as defined by National Instrument 43-101.

About Caribou King Resources

Caribou King Resources Ltd. (TSX VENTURE:CKR) is a publicly-traded, Canadian junior exploration company that holds a portfolio of highly prospective graphite projects. These include: TAC (Quebec), with historic drilling including 9.86% Cgf over 46.75 meters (Drillhole 90-44); Lac Vert (Quebec), host to graphitic intersections in several historic drill holes; Buckingham (Quebec), located 750 meters west of the historic Walker Graphite Mine and Montpellier. Caribou is working to advance these projects through multiple active exploration programs which are currently underway.

For more information, visit the website at www.caribouking.com.

On Behalf of the Board of Directors

CARIBOU KING RESOURCES LTD.

Michael England, CEO and Director

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

Contact Information