Caribou Reports Additional High Grade Graphite From Buckingham

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 20, 2015) - Caribou King Resources Ltd. ("Caribou" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce the balance of graphite results from all mesh sizes taken from the second location within the "Uncle Zone" at its 100% owned Buckingham flake/lump graphite property.

Michael England, CEO and Director of Caribou King, stated: "This second set of high grade sample results confirms our belief that the Buckingham property hosts a series of high grade graphite veins at or near surface. Additional geophysical surveys and ground work will continue to further delineate these high-grade graphite veins. Recent Buckingham graphite samples achieving over 99.9% Cg from flotation alone have garnered international recognition. Initial sampling at Buckingham has returned some of the highest assay results reported in Quebec to date and further exploration is now underway to continue to define the graphite-rich Uncle Zone."

The following results were obtained from the combined flotation concentrate recovered from the second purity testing sample location at the "Uncle Zone" on the Buckingham property in Southern Quebec, Canada (see PR dated March 3rd, 2015). Both samples were taken from a ~600 metre wide zone of mineralization in the southeast portion of the Buckingham Property, henceforth referred to as the "Uncle Zone".

Flotation Test Results: Detailed Concentrate Fractions

Concentrate Fraction		Distribution (%)		Assay (%Ct)*
+28 mesh		2.3		99.2
+35 mesh		3.6		97.8
+48 mesh		25.4		98.3
+65 mesh		18.7		98.1
+100 mesh		7.3		95.4
+150 mesh		13.2		96.8
+200 mesh		4.6		97.4
+270 mesh		5.6		94.8
+400 mesh		7.3		95.2
-400 mesh		12.1		88.2
Total Recovery (%)		100.0

Note: Flotation test analysis from a 1kg portion of a 2kg grab sample.

*All carbon analyses were performed by SGS Canada Inc. (Lakefield) and are reported in this press release as total carbon (Ct) employing a LECO SC-632 instrument. Total carbon (Ct), as opposed to graphitic carbon (Cg), was assayed as this method was qualified by the laboratory as being a more accurate method of determining the carbon content of highly enriched graphitic samples.

These results were obtained in a single flotation test without process optimization such as acid leach or alkaline roast. Exceptional results from the two samples collected 250 metres apart are extremely encouraging as they indicate that material is widespread within the "Uncle Zone" and could also be qualified as ultra-high-grade graphite.

The "Uncle Zone" is host to several graphitic veins which were discovered during a preliminary exploration program by Caribou King which consisted of manual trenching of electromagnetic conductors identified by a small-scale EM (BeepMat) survey. Both disseminated flake and vein-type graphite have been observed in numerous outcrops, and are largely hosted within fractures in pegmatite intrusions.

The northern portion of the property is also host to two linear conductors of about 400 meters in length, defined from a historical airborne EM survey (reference DP83-05), which remain to be ground tested.

About the Buckingham Property

The 100% owned Buckingham Graphite property covers 480 hectares and is located 7km northwest of Buckingham, Quebec, Canada, within the Central Metasedimentary Belt of the Grenville Province, which is host to the producing Timcal Lac-des-Iles graphite mine. Well-maintained bush roads lead directly to the sampled showing and throughout the property. Graphite mineralization occurs primarily in veins and masses within pegmatite, diopside skarn, marble and gneiss.

Isabelle Robillard, P. Geo #287 (an Associate of Inlandsis Consultants s.e.n.c.),an Independent Qualified Person under National Instrument 43-101, has reviewed the metallurgical balance sheet and assay results produced by SGS Canada Inc. (Lakefield) approved the technical information provided in this news release.

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."