FEX Fjordland Exploration Inc

Fjordland Exploration Inc. (TSX VENTURE:FEX) is pleased to announce that on
March 25, 2014 it signed a Letter Agreement with a private owner for the
1,940-hectare (ha) Heffley Property in southern B.C. The option agreement to
purchase a 100% interest in the Property covers recently interpreted prospective
ground for the discovery of a copper-gold porphyry-type deposit and/or an Iron
Oxide Copper Gold (IOCG) deposit.


The road-accessible Heffley Property is located approximately 30 km northeast of
Kamloops, just outside of where New Gold Inc. put the New Afton
copper-gold-silver mine back into production in mid-2012 as an underground block
caving operation with a current average throughput of over 12,000 tonnes per
day. New Afton's proven and probable reserves at December 31, 2013 were stated
at 48.82 million tonnes grading 0.84% Cu, 0.56 g/t Au and 2.2 g/t Ag. Measured
and indicated mineral resources (inclusive of reserves) total 104.9 million
tonnes grading 0.86% Cu, 0.68 g/t Au and 2.3 g/t Ag (1).


The Heffley Property occurs within the prolific Quesnel terrane and lies at the
contact between Upper Triassic Nicola Group and Devonian to Permian Harper Ranch
Group volcanic and sedimentary packages. These rocks have been intruded by the
syntectonic Heffley Creek pluton, estimated to measure 5 km by 2.6 km, which has
alkali affinities, including the presence of ultramafic rocks, gabbros and
diorites. Its age (208 Ma) and associated copper and gold porphyry-style
mineralization bears a close resemblance to the Iron Mask batholith that hosts
the New Afton and Ajax deposits. In general, bedrock exposures at Heffley are
sparse and patchy and limited to steeper hillsides and road cuts.


The Heffley Property has seen very limited exploration (no induced polarization
surveys or drilling), which is surprising, given its proximity to Kamloops and
the abundance of mines/mineral deposits in the region. Access into the region
was improved into the Shaw Hill area of the Property in the late 1990s-early
2000s, when logging took place. Between 1993 and 2004, there was virtually no
systematic exploration of the area. In 1999, during a regional mapping program
carried out by the Geological Survey Branch (GSB) of the provincial government,
a grab sample from an outcrop on a new logging road up the flank of Shaw Hill
yielded an assay of 0.82% Cu and 14.4 g/t Ag. Another sample assayed 6.18 g/t Au
and 0.46% Cu. At the same time, the GSB documented an unusual magnetite skarn,
located approximately 2 km to the northwest of the Heffley Property. Government
geologists noted similarities in the setting and characteristics of the skarn to
the Ernest Henry (Australia) and Candelaria (Chile) IOCG mines (2).


In 2005, the owner hand panned rough edge placer gold with quartz along a road
cut leading uphill to Shaw Hill. In 2006, the owner discovered additional copper
showings on the west flank of Shaw Hill.


In October 2010, Gold Fields Canada Exploration Holdings ("Gold Fields"),
recognizing the porphyry potential, optioned the Property. During 2010-2012,
Gold Fields completed geological mapping, prospecting, and soil and rock
geochemical sampling over the central portion of the Property, principally in
the Shaw Hill area. In October, 2013, Gold Fields allowed its option to lapse,
as a result of corporate restructuring. Soil sampling programs completed by Gold
Fields, using a handheld XRF analyzer, yielded a 2 km by 2 km copper-gold
anomaly across the northwest slope of Shaw Hill, as well as an anomaly further
to the west. Rock sampling and prospecting programs completed by Gold Fields
yielded two copper and gold anomalous zones. One on the west side of Shaw Hill
measures approximately 700 m by 400 m; the second is located to the west of Shaw
Hill. Copper assays as high as 8780 ppm were obtained; gold values ranged up to
55 to 70 ppb.


Limited rock sampling by Fjordland yielded grab sample assays of mineralized
diorites/gabbros including 1.337% Cu, 115 ppb Au; 0.607% Cu and 58 ppb Au, and
0.114% Cu and 1300 ppb Au. Copper mineralization (chalcopyrite, malachite and
tenorite) typically occurs as disseminations, in fractures and in quartz vein
stockworks.


During 2014, Fjordland intends to complete a minimum of 20 line-kilometres of
induced polarization surveying over the Shaw Hill area, followed by diamond
drilling. 


Under the terms of the Agreement, Fjordland must pay to the owner $10,000 cash
on signing, an additional $10,000 cash on July 1, 2014 (optional) and a final
cash payment of $180,000 on January 8, 2015 (optional). The Company will also
reserve a 2% net smelter returns (NSR) for the owner that may be bought by the
Company for $2,000,000. Commencing on the 6th anniversary of the execution date
of the exercise of the option, the Company will make an annual pre-production
royalty payment of $20,000 payable to the owner. This royalty pre-payment would
be deductible from the royalty buyout. The Agreement includes a mutual
4-kilometre (km) Area of Influence clause. 


On April 1, 2014, Fjordland acquired an additional 2,144 ha, surrounding the
Heffley Property, which now totals 4084 hectares.


Tom Schroeter, President & CEO of Fjordland states: "We are pleased to option
this property which yields an opportunity to explore for and discover a
copper-gold porphyry deposit that has previously received very limited
exploration. The Property's excellent location and infrastructure will allow for
the delivery of very cost-effective and systematic exploration programs; in line
with the Company's focus on exploration in southern British Columbia and
evidenced by its successes at the Woodjam and Dillard projects."


Further information about the Heffley porphyry copper-gold project is available
on Fjordland's website at http://www.fjordlandex.com/dillard_property.html.


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.


About Fjordland Exploration Inc.

Fjordland Exploration Inc. is a mineral exploration company focused on the
discovery of copper and gold deposits in British Columbia. Fjordland currently
has a portfolio of 18 properties. It has a 100% interest in 6 properties known
as "Tak" totalling 43,486 hectares (ha) near the Woodjam property in the Cariboo
region of central BC. Fjordland and Serengeti resources Inc. are (50/50)
partners in the "Milligan West" project totalling 15,736 ha, adjoining Thompson
Creek Metals Ltd's Mt. Milligan copper-gold mine which came into production in
late 2013. Fjordland and Serengeti are 35%/65% partners exploring 8 precious and
base metals properties ("QUEST" project) totalling 22,367 ha, in the Quesnel
terrane between the Mount Polley and Mt. Milligan mines. Fjordland has a 100%
interest in the St. Mary's property totalling 13,600 ha in the Iron Range area,
southern BC. Fjordland has options to acquire a 100% interest in the adjoining
Dillard and Dill (collectively named "Dillard") copper and gold properties
totalling 2,592 ha. Fjordland has an option to acquire a 100% interest in the
Heffley Property totalling 4,084 ha. Fjordland's shares trade on the TSX Venture
Exchange under the symbol "FEX". For further information visit Fjordland's
website at www.fjordlandex.com.


Tom Schroeter, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.




Footnotes:                                                                  
(1): New Gold News Release, February 6, 2014                                
(2): Ray and Webster (2000) in Geological Fieldwork 1999, Paper 2000-1, B.C.
Ministry of Energy and Mines, pages 273-286                                 



FOR FURTHER INFORMATION PLEASE CONTACT: 
Fjordland Exploration Inc.
604.893.8365
604.669.8336 (FAX)
info@fjordlandex.com
www.fjordlandex.com

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