FEX Fjordland Exploration Inc

Fjordland Exploration Inc. (TSX VENTURE:FEX) reports that ground geophysical and
geological surveys completed this summer, along with work compiled from previous
exploration, have resulted in the identification of several anomalies that are
ready for drilling in 2013 on its 2600-hectare Dillard copper-gold property in
southern BC. The 2012 geophysical surveys have led to the identification of
coincident copper-gold soil and IP anomalies in two areas measuring
approximately 2000 metres (m) by 800 m, and 1500 m by 1000 m. Several new
showings of copper and gold mineralization have also been discovered in these
recently logged areas over the past year.


During 2012, Fjordland completed retrieval, restoration and reboxing of much of
the 2020 m of core drilled on the Dill property by Placer Dome Inc. in 1991. The
core, along with the core logs and assays, provide valuable information in
planning for additional drilling. A susceptibility survey was then completed
over the reconditioned core, totaling approximately 40% of the 1991 drill
program. Fjordland also completed 23.3 line-kilometres (km) of ground magnetic
surveying and 11 line-km of induced polarization (IP) surveying over selected
areas on the Dillard property. 


On the Dill property, shallow drilling by Placer Dome in 1991 tested an area
measuring approximately 1300 m in length and 400 m in width, which covers only a
part of coincident copper-gold soil and IP anomalies measuring approximately
1600 m by 700 m, and 1500 m by 900 m, respectively. The best intersection from
the 1991 drilling included an interval of 187.2 m grading 0.24% copper and 97
parts per billion (ppb) gold, including 65.7 m grading 0.35% copper and 149 ppb
gold. A number of the drill holes bottomed in mineralization at depths of up to
220 m. 


The "Dillard" Property comprises the contiguous Dillard and Dill properties in
which Fjordland can earn a 100% interest, as reported in news releases dated
August 31, 2011 and February 7, 2012, respectively. The road-accessible Dillard
Property is located approximately 45 km southeast of Merritt and 45 km north of
Copper Mountain Mining Corp.'s flagship Copper Mountain copper-gold-silver mine
that started production in September, 2011. Xstrata Copper Corp. is also
exploring, under separate option agreements, the Axe and Big Kidd copper-gold
targets, located approximately 20 km to the southwest and northwest of the
Dillard Property, respectively.


Fjordland President Tom Schroeter commented, "Despite the challenging financial
markets during the summer of 2012, we have defined several potential drill
targets on both the Dill and Dillard properties for 2013. The excellent
infrastructure in the area is a significant bonus to spending money
efficiently."


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 100% interest in 9 properties known
as "Tak" totaling 50,079 ha in the Woodjam area of central BC. Fjordland has a
100% interest in two properties known as "Milligan" totaling 2,978 ha, adjoining
Thompson Creek Metals Company Inc.'s Mt. Milligan copper-gold deposits on the
west. 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 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'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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