Fjordland Exploration Inc.

Fjordland Exploration Inc.

October 13, 2009 13:00 ET

Fjordland Exploration Inc.: Drilling Commences on Gold-Copper Target on QUEST JV's Mil Property Near Mt. Milligan, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2009) - Fjordland Exploration Inc. (TSX VENTURE:FEX) has been informed by Serengeti Resources Inc. (TSX VENTURE:SIR), its joint venture partner in the QUEST project, that drilling will commence this week on their 13,900-hecare Mil property, one of eleven priority properties comprising the QUEST joint venture. The Mil gold-copper target is located 15 kilometres southwest of Terrane Metals' Mt. Milligan copper-gold property, which is currently progressing towards development. The area of the proposed drilling is located approximately 2 kilometres west of the "North Road" that extends from Fort St. James in the south to Germansen Landing to the north.

A large residual aeromagnetic anomaly measuring ten by five kilometres in diameter has been outlined through previous government surveys. Within this area, the QUEST joint venture has outlined attractive induced polarization chargeability and resistivity anomalies over an area measuring one and a half by one kilometre, coincident with a previously identified glacial till gold anomaly (up to 2300 ppb). The IP anomaly flanks a prominent magnetic high and is interpreted to lie 75 to 100 metres below the surface, beneath the depth of previous IP surveys. Previous very shallow drilling in the vicinity of the current target encountered minor copper mineralization in strongly propylitized volcanic rocks, but did not test the IP anomalies at depth.

A second new target, located six kilometres to the northwest of the area described above and identified in the course of the exploration program earlier this summer, will also be drill tested.

Serengeti, as operator, will fund the 2009 drilling program that will consist of three holes totalling 750 metres and as a result is forecast to increase its ownership in the joint venture to approximately 58%. Fjordland maintains the right to participate in any future work.

Elsewhere, the QUEST joint venture has also identified a strong induced polarization anomaly on the 4,800-hectare Rob property, located 15 kilometres east of the Mt. Milligan deposit.

The Mt. Milligan project, where Goldcorp Inc. owns a 59% equity interest in Terrane Metals on a fully diluted basis, has proven and probable mining reserves estimated at 333 million tonnes grading 0.217% copper and 0.428 g/t gold (approximately 1.6 billion pounds of contained copper and 4.6 million ounces of contained gold). Terrane recently received a Provincial Mines Act Permit which, along with other approvals currently under review, allows it to proceed with the 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. Fjordland (60% interest) and Cariboo Rose Resources Ltd. (40%) comprise the Woodjam Joint Venture. Gold Fields Horsefly Exploration Corporation, a member of the Gold Fields Limited group of companies, may earn up to a 70% interest in the 40,750-hectare Woodjam North gold-copper property by spending $19 million on exploration over 7 years; a $3 million exploration program is currently in progress. The Woodjam Joint Venture, with Fjordland as operator, owns the Woodjam South property which adjoins the Woodjam North property. Fjordland and Serengeti Resources Inc. (TSX VENTURE:SIR) each hold a 50% interest in the QUEST project to explore 11 properties totalling approximately 100,000 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

Tom Schroeter, President & CEO

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

Contact Information