Fjordland Exploration Inc.
TSX VENTURE : FEX

Fjordland Exploration Inc.

November 18, 2008 13:56 ET

Fjordland and Serengeti Identify High Priority Gold Drill Target on their Mil QUEST JV Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2008) - Fjordland Exploration Inc. (TSX VENTURE:FEX) and its 50-50% joint venture partner, Serengeti Resources Inc. (TSX VENTURE:SIR), are pleased to report that follow-up geophysics at their Mil project has defined a high priority drill target located 15 km southwest of Terrane Metals' Mt. Milligan copper-gold deposit and within two kilometers of a major all-weather road.

Dave Moore, President & CEO of Serengeti comments, "The geophysical characteristics of this target are very similar to those observed at our Kwanika copper-gold deposit, located 90 km to the northwest." Coincident induced polarization (IP) chargeability and resistivity high anomalies flank a prominent magnetic high anomaly. The target measures 1500 meters by 1000 meters and is interpreted to lie approximately 75 to 100 meters below surface and beneath the depth of penetration of prior IP surveys.

Furthermore, results from prior soil geochemical surveys available in government open files indicate a strong gold anomaly in glacial till with values up to 2,300 parts per billion, immediately east of the geophysical target. The glacial ice movement is interpreted to have been from west to east, which would potentially place the gold source in the vicinity of the geophysical target. A compilation map can be viewed at http://www.fjordlandex.com/news/nr08-21.pdf. "The target at Mil is an exceptional one, and we have applied for a drilling permit for 2009," elaborated Tom Schroeter, President & CEO of Fjordland.

Tom Schroeter, P.Eng./P.Geo., a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

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 holds a 60% interest in the 48,000-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 is also the operator in a 50%-50% joint venture with Serengeti Resources Inc. on the QUEST project to explore 27 properties totaling approximately 144,000 hectares in the heart of British Columbia's under-explored 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, 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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