FEX Fjordland Exploration Inc

Fjordland Exploration Inc. (TSX VENTURE:FEX) is pleased to report that Capstone
Mining Corp. (TSX:CS) has approved a budget and work program for the Phase 4,
2012 exploration program for the Tak Project, part of the Tak-Milligan Property
Option, located approximately 50 kilometres east of Williams Lake. Fjordland is
very encouraged by the results from the reconnaissance drilling program
completed at the Moffat Property (as reported in a news release dated January
17, 2012), as well as the results from other surveys completed during 2011 on
the other properties which comprise the Tak package.


The Tak portion of the project consists of 9 non-contiguous claim blocks
(Moffat, Moffat East, Tisdall, Canim, Howard Lake, LaHache, Hazel North, Hazel
South and HR), with a total area of 48,350 hectares. To date, under the option
agreement, Capstone has funded exploration expenditures totaling $827,087.09 in
three phases of work on the Tak portion. Phase 3 expenditures completed during
2011 totaled $526,790. Capstone has vested a 49% interest and can earn a 60%
interest by funding additional exploration in two phases in the amount of
$1,400,000. Capstone may earn a total of 70% of the Properties by spending a
cumulative total of $6,000,000 on or before December 31, 2016.


The objective of the next phase (Phase 4) of exploration will be to further
delineate areas of induced polarization (IP) chargeability and resistivity
anomalies on the Moffat Property, followed by additional drilling. Additional IP
and soil geochemical surveys will be completed on the Tisdall Property and,
contingent on results, drilling will follow. Soil sampling programs will be
extended on the Howard Lake and LaHache properties. IP surveys will be conducted
on the Canim, Hazel North and Hazel South properties. Work is expected to
commence in April, with most of it completed by July.


Tom Schroeter, President of Fjordland commented: "Fjordland is very pleased with
the preliminary positive results from the completed exploration programs on the
Tak-Milligan Project and, in particular, on the Tak portion, located adjacent to
the emerging Woodjam copper-gold-molybdenum Porphyry Camp. We have a lot of
targets to test, as well as continuing with systematic exploration programs on
other untested areas of the large tenement package.


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. (TSX:CS) 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 and Dill copper and gold properties, north of Princeton.


FJORDLAND EXPLORATION INC.

Fjordland's shares trade on the TSX Venture Exchange under the symbol "FEX". For
further information visit Fjordland's website at www.fjordlandex.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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