Fjordland Exploration Inc.
TSX VENTURE : FEX

Fjordland Exploration Inc.
Cariboo Rose Resources Ltd.
TSX VENTURE : CRB

Cariboo Rose Resources Ltd.

February 26, 2008 07:15 ET

Fjordland and Cariboo Rose Add Ground to WOODJAM Copper, Gold, Molybdenum Project, Central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 26, 2008) - Fjordland Exploration Inc. (TSX VENTURE:FEX) and Cariboo Rose Resources Ltd. (TSX VENTURE:CRB), the Woodjam Joint Venture (60% FEX, 40% CRB) partners, are pleased to announce two property acquisitions adjoining their Woodjam property in the Cariboo region. In both cases, the acquisitions were completed to cover prospective ground along a postulated SW-NE trend of mineralization, adjacent to the west/southwest boundaries with the Megabuck and Takom zones respectively, where significant amounts of "porphyry-style" copper and gold mineralization have previously been outlined.

For a 100% clear title and ownership in the Big - Moose Horn mineral property, Fjordland and Cariboo Rose will pay to John Bot, President of Botco Mining and Exploration, the cash sum payment of $2,500 and issue 30,000 shares of Fjordland Exploration Inc. and 20,000 shares of Cariboo Rose Resources Ltd. on the Effective Date, subject to acceptance of the TSX Venture Exchange.

For the right and option to acquire a 100% interest in the Magalloy 1-14 and Magex 1-12 mineral property, Fjordland and Cariboo Rose will pay to Herb Wahl and Jack Brown-John, as to 50% each as beneficial owners of the property, the cash sum payment of $25,000, plus issue 20,000 shares of Cariboo Rose Resources Ltd. and 30,000 shares of Fjordland Exploration Inc. on the Effective Date of the option agreement. On or before the first, second and third anniversaries of the Effective Date, the Joint Venture must make annual cash payments of $25,000, plus issue annually 20,000 shares of Cariboo Rose and 30,000 shares of Fjordland. On or before the fourth anniversary of the Effective Date, the Joint Venture must make a cash payment of $100,000, plus issue 40,000 shares of Cariboo Rose and 60,000 shares of Fjordland. The respective contributions to the cash payments required to be made shall be on a Sixty/Forty basis (60% Fjordland/40% Cariboo Rose). This transaction is subject to acceptance of the TSX Venture Exchange.

The Joint Venture partners plan on conducting exploration on these two new acquisitions during 2008, as part of their aggressive exploration program on the Woodjam project.

About Fjordland Exploration Inc.

Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of gold, copper and molybdenum 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 over 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, P.Eng./P.Geo., 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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