FEX Fjordland Exploration Inc

Fjordland Exploration Inc. (TSX VENTURE:FEX) is pleased to provide updates on
its numerous projects in British Columbia. The Company has interests in a total
of 25 copper-gold properties in some of BC's most prolific mining camps. Its
strategic land position in the Quesnel Terrane porphyry belt has attracted joint
ventures with some of the world's leading mining companies that are funding
exploration on several properties. To date, drilling programs are tentatively
planned on 8 properties during 2012.


Tak-Milligan (51% Fjordland/49% Capstone Mining Corp.:

As reported in a news release dated February 9, 2012, Capstone 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. The claims are located
approximately 50 kilometres (km) east of Williams Lake, immediately south of the
developing Woodjam Copper-Gold-Molybdenum Porphyry Camp. Early work will include
further reconnaissance and in-fill induced polarization (IP) surveys and
follow-up drilling on selected targets, particularly on the Moffat and Tisdall
properties.


QUEST (37% Fjordland/63% Serengeti Resources Inc.):

As reported in a news release dated September 21, 2011, Fjordland and Serengeti
entered into an Option Agreement with Xstrata Copper Canada to explore six
properties (Rob, Ping, Reid Lake, ST, PG and MP), totaling 27,690 hectares,
located in the Quesnel Trough porphyry copper-gold belt between the Mt. Milligan
copper-gold deposits to south of Prince George in central BC. These properties
are part of the original Joint Venture between FEX and SIR; all are considered
prospective for hosting porphyry copper-gold deposits and several have drill
targets identified as a result of exploration by FEX and SIR of $1.7 million
between 2007 and 2011. Xstrata Copper has several properties in the region and
is conducting a large exploration program, including drilling, principally on
geophysical and/or geochemical targets in overburden-covered areas. Work during
late 2011 and early 2012 by Xstrata under the Option Agreement was focused on
defining drill targets for this spring. Under the original QUEST JV between FEX
and SIR, seven original properties totaling 22,480 ha remain in the package.


Dillard (Option to Earn a 100% Interest):

As reported in a news release dated August 31, 2011, Fjordland signed a Letter
Agreement with private vendors for the 2,192-hectare, road-accessible Dillard
Property, located in southern BC, 35 km north of Princeton, where Copper
Mountain Mining Corp. recently put the Copper Mountain (Similco)
copper-gold-silver mine back into production. The Dillard Property has been
recently extensively logged, resulting in the exposure of numerous new copper
showings. Additional prospecting during the fall led to the identification of
new zones of copper mineralization. The assay results from samples collected
during these activities will be incorporated into a major compilation of
previous geological, geochemical and geophysical work completed on the Property
by several operators. There has been no drilling on the Property; however,
preliminary indications are that drill targets should be identified early in
2012; drilling could take place later in the year.


Dill (Option to Earn a 100% Interest from Almaden Minerals Ltd.):

As reported in a news release dated February 7, 2012, Fjordland signed an Option
Agreement with Almaden Minerals to acquire a 100% interest in the 400-hectare
Dill Property, which adjoins Fjordland's Dillard Property to the east. Previous
drilling on this porphyry copper-gold target by various operators between the
1960s and 1992 resulted in several long intercepts of copper mineralization
which were never followed up. The Company believes that a thorough compilation
of previous geological, geochemical and geophysical surveys, combined with
previous drilling results, will provide an excellent base for conducting
follow-up, detailed surveys. Drilling is anticipated later in 2012.


Iron Range (100% Ownership):

In December, 2010, the Company staked 8 properties totaling 60,047 ha in the
Iron Range area of southeastern BC. All but two of the properties (St. Mary and
Bootleg), totaling 17,657 ha, were allowed to lapse in December, 2011.


Kimberley Gold Trend (Option to Earn a 60% interest with Kootenay Gold Inc.):

After conducting exploration programs totaling in excess of $700,000 on all
seven of the properties that comprised the Option Agreement with Kootenay Gold
Inc. in the Kimberley Gold Trend in southeastern BC, the Company decided to
terminate the Option Agreement and focus on its other properties.


Tom Schroeter, President of Fjordland, commented: "We have built up our land
packages in some of the most productive areas in BC and have leveraged our
resources with option agreements with other parties, as well as acquiring
additional ground ourselves. We look forward to a very active exploration season
during 2012, including drilling on 8 properties."


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 25 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 2
properties totaling 17,657 ha in the Iron Range area in southeastern BC.
Fjordland has an option to acquire a 100% interest in the adjoining Dillard and
Dill copper and gold properties, north of Princeton. 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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