FEX Fjordland Exploration Inc

Fjordland Exploration Inc. (TSX VENTURE:FEX) is pleased to report it has
encountered copper-gold mineralization in four widely-spaced drill holes on its
24,974 hectares Moffat Property in central British Columbia. The Company
completed 1,135 metres of drilling to test large coincident induced polarization
(IP) and geochemical soil anomalies in the northwestern portion of the
road-accessible Moffat Property. Located approximately 50 kilometres east of
Williams Lake, the Property is one of nine properties comprising Fjordland's
Tak-Milligan Project, under option to Capstone Mining Corp. (TSX:CS). 


Moffat Drilling Results:



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Hole ID           From (m)    To (m)  Int. (m)      Cu%    Au g/t       Mo%
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MOF11-02            184.9     190.7       5.8      0.15      0.18          
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MOF11-03             69.0     276.5     207.5      0.02      0.03          
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Including           138.1     140.5       2.4      0.22      0.91     0.001
---------------------------------------------------------------------------
MOF11-04             20.7     273.4     252.7      0.01      0.01          
---------------------------------------------------------------------------
MOF11-05             65.2      66.5       1.3      0.12      0.05          
---------------------------------------------------------------------------
and                 252.0     261.9       9.9                3.52          
---------------------------------------------------------------------------



The holes were collared between 1,000 m to 1,400 m apart, over an
overburden-covered area approximately 2,000 m in length and 2,000 m in width.
Varying quantities of disseminated and/or fracture/vein-hosted chalcopyrite and
pyrite mineralization was encountered in all four holes. The sulphide
mineralization is hosted within potassically-altered and magnetite-rich dioritic
to monzodioritic phases of the Takomkane batholith and Nicola Group
volcaniclastic rocks. 


In hole MOF11-02, disseminated and veinlet-hosted chalcopyrite and pyrite
mineralization is hosted in a propylitic-altered monzodiorite. Better grade
copper and gold mineralization is associated with zones of moderate to strong
potassic alteration consisting of pervasive potash feldspar and quartz and
strong secondary biotite plus magnetite alteration. 


In hole MOF11-03, disseminated and veinlet-hosted chalcopyrite and pyrite
mineralization is hosted in fresh to altered monzonite to monzodioirite. Better
grade copper-gold-molybdenum mineralization is associated with zones of strong
quartz-sericite alteration; lower grade mineralization is associated with zones
of albite-chlorite-epidote alteration. 


In hole MOF11-04, trace veinlet-hosted and disseminated chalcopyrite
mineralization is hosted in variably altered chloritic and sericitic tuffaceous
sandstone/siltstone of the Nicola Group volcaniclastic rocks. 


In hole MOF11-05, veinlet-hosted chalcopyrite mineralization is hosted within
potassically-altered monzonite. Better grade copper-gold-molybdenum
mineralization is associated with zones of strong potassium feldspar, quartz,
secondary biotite and magnetite alteration. Towards the bottom of the hole, a
9.9-m interval assayed 3.52 g/t Au, 57 ppm Cu and 13 ppm Mo, including a 3.75-m
interval assaying 7.04 g/t Au, 66 ppm Cu and 2 ppm Mo.


Tom Schroeter, President of Fjordland commented: "We are excited to have
encountered widespread copper-gold-molybdenum mineralization in the initial
drilling of only a small portion of the large Moffat Property. We will now
design the next phase of the exploration program to include infill and step-out
geophysical and geochemical surveying, to help define additional drilling
targets for this summer."


About Fjordland Exploration Inc.

Fjordland Exploration is a mineral exploration company focused on the discovery
of gold, copper and molybdenum deposits in British Columbia. Fjordland currently
has a portfolio with 38 properties. It has a 51% interest in 7 properties known
as "Tak" totaling 55,654 ha in the Woodjam area of central BC. Fjordland has a
51% interest in two properties known as "Milligan" totaling 2,192 ha, adjoining
Thompson Creek Metals Company Inc.'s Mt. Milligan copper-gold deposits on the
west. Capstone Mining Corp. owns a 49% interest in the combined Tak-Milligan
Project. Fjordland and Serengeti Resources Inc. are 37%/63% partners exploring
13 properties (QUEST Project) totaling 50,170 ha in the Quesnel Terrane north of
Woodjam for precious and base metals. Six of the QUEST properties (totaling
27,690 ha) have been optioned to Xstrata Copper; the QUEST JV owns 100% of the
remaining 7 properties totaling 22,480 ha. Fjordland has a 100% interest in 8
properties totaling 60,047 ha in the Iron Range area and has an option agreement
on 7 properties totaling 21,222 ha with Kootenay Gold Inc. in southeastern BC.
Fjordland has an option to acquire a 100% interest in the Dillard copper and
gold property, north of Princeton. Fjordland's shares trade on the TSX Venture
Exchange under the symbol "FEX". For more information visit Fjordland's website
at www.fjordlandex.com.


About Capstone Mining Corp.

Capstone Mining Corp. is a Canadian mining company with two producing copper
mines, the Cozamin copper-silver-zinc-lead mine located in Zacatecas State,
Mexico and the Minto copper-gold-silver min in Yukon, Canada. In addition,
Capstone has two development projects, the large scale 70% owned Santo Domingo
copper-iron-gold project in Chile in partnership with Korea Resources
Corporation and the 100% owned Kutcho copper-zinc-gold-silver project in British
Columbia, as well as exploration properties in Chile, British Columbia and
Australia. Using its cash flow and strong balance as a springboard, Capstone
aims to grow organically through mineral resource and reserve expansions and
through acquisitions in politically stable, mining-friendly regions. Capstone is
included in the S&P/TSX Composite Index and S&P/TSX Global Mining Index.
Additional information is available at www.capstonemining.com.


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


Tom Schroeter, President & CEO

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