Fjordland Exploration Inc.
TSX VENTURE : FEX

Fjordland Exploration Inc.

June 09, 2008 11:41 ET

Fjordland Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2008) - Fjordland Exploration Inc. (TSX VENTURE:FEX) reports the private placement financing, announced on May 23, 2008, has closed for gross proceeds of $1,006,455. A total of 1,670,000 non flow-through units ("Units") at $0.15 each and 5,039,700 flow-through shares ("FT Shares") at $0.15 each were issued.

The Units consist of one common share and one-half share purchase warrant. Each whole share purchase warrant entitles the holder to purchase one common share at a price of $0.35 until June 6, 2009.

The securities have a hold period and may not be traded until October 10, 2008. Finder's fees of 8% aggregating 364,376 common shares were paid in connection with the financing.

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 44,413-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 27 properties totalling approximately 144,000 hectares 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.

Janice Davies, Corporate Secretary

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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