Fjordland Exploration Inc.

Fjordland Exploration Inc.

October 21, 2008 16:47 ET

Fjordland to Complete Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2008) - Fjordland Exploration Inc. (TSX VENTURE:FEX) announces it intends to raise approximately $150,000 for general working capital. The financing will consist of a non-brokered private placement of non flow-through units ("Units").

The Units will comprise of 1,250,000 Units at $0.12 per Unit. Each Unit will consist of one common share and one-half share purchase warrant. Each whole share purchase warrant will entitle the holder to purchase one common share at a price of $0.24 for one year following the closing.

Finder's fees of 8% of the Units sold may be payable in common shares on a portion of the financing to registered dealers who assist in the placement. The private placement is subject to regulatory approval.

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. (TSX VENTURE:SIR) 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

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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