Fjordland Exploration Inc.
TSX VENTURE : FEX

Fjordland Exploration Inc.

May 03, 2007 12:54 ET

Fjordland Preparing for Drilling at Copper-Gold-Uranium Projects

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 3, 2007) - Fjordland Exploration Inc. (TSX VENTURE:FEX) reports on upcoming exploration programs that include drilling at two properties - one prospective for copper-gold and the other for uranium, copper and gold.

At the Woodjam gold-copper porphyry project located in south-central British Columbia, five kilometres from Imperial Metals Corp.'s (TSX:III) Mount Polley claim group, induced polarization and magnetic geophysical surveys are planned. The surveys are designed to provide more detailed information on the Takom zone, and to locate new exploration targets on untested parts of the almost 30,000 hectare property. Upon completion of the entire surveys, drilling is planned later this year. Fjordland has conducted exploration at Woodjam since 2001 including approximately 16,000 metres of drilling. Exploration has demonstrated the property is prospective for bulk-tonnage gold-copper deposits similar to other porphyry deposits in B.C.'s Quesnel Terranne.

At the Olympic-Rob IOCG (Iron Oxide Copper-Gold) Uranium project located in the Wernecke Terrane of the Yukon, approximately 2,000 metres of drilling is planned. The drilling program, scheduled to start in June, will comprise 6 holes on the Rob zone and 3 holes on the Olympic zone. The exploration program is budgeted for $600,000.

The Rob zone is a 400 metre long open-ended copper and uranium in-soil anomaly that envelopes a number of copper-uranium float boulders ranging from 0.01% to 1.57% U3O8, along with copper values ranging from 0.3% to 10.8% from selected samples. The float coincides with a distinct magnetic and radiometric anomaly.

On the adjacent Olympic zone, a 2-kilometre diameter continuous copper in-soil anomaly envelopes numerous copper showings ranging from 100 ppm to 21.4% copper from grab samples. Copper minerals identified in the hematite breccia host rock are chalcopyrite, bornite and malachite. The breccia complex on the Olympic property has similar age, geometry, structure and trace element signatures to BHP Billiton Ltd.'s (NYSE:BHP) giant IOCG Olympic Dam deposit, a polymetallic orebody containing the world's largest uranium reserve. Also similar to the Australian analog is a 3 kilometre long annular magnetic anomaly that coincides with the breccia zone. Limited drilling by previous explorers was too shallow to test the magnetic anomaly. A geological model may be viewed at http://www.fjordlandex.com/property/OModelxs.htm.

About Fjordland Exploration Inc.

Fjordland Exploration is a mineral exploration company focused on the discovery of gold, copper and uranium deposits. The Company has a 60% interest in the 26,936 hectare Woodjam gold-copper property located in south-central British Columbia, Canada and is operator of the project; Cariboo Rose Resources Ltd. (TSX VENTURE:CRB) holds the remaining 40% interest. Fjordland also has an option to earn up to 80% in the Olympic-Rob copper-gold-uranium project located in Yukon, Canada from Commander Resources Ltd. (TSX VENTURE:CMD). Shares of Fjordland Exploration trade on the TSX Venture Exchange with the symbol "FEX". For further information visit the Company's website at www.fjordlandex.com.

Victor Tanaka, President

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

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