CBE Cabo Drilling Corp

Cabo Drilling Corp. (TSX VENTURE:CBE) ("Cabo" or the "Company") announces that
its Eastern European branch, located in Tirana, Albania, has been awarded an
initial 1,250 meter up-hole NQ underground drilling contract by Empire Mining
Corporation (TSX-V: EPC) ("Empire") at its Bulqiza 1440 Project, which forms
part of Empire's Bulqiza-Batra License.


The Company has mobilized an electric Atlas Copco Diamec U-6 to the property and
drilling has commenced.


Cabo Drilling's Eastern European branch successfully completed a surface program
for Empire Mining at Bulqiza in 2010 and recently completed an underground
program on its Thekna Project, which also forms part of the Bulqiza-Batra
License at Empire's wholly owned Bulqiza chromite project in Albania. Four
diamond core holes, totaling 1,550 meters, were successfully completed at Thekna
with the drilling confirming the continuity of the mineralization indicated in
drill logs from the 1990's.


Terry Aimone, Cabo's General Manager-Europe states "Cabo is pleased to continue
our relationship with Empire in the Bulqiza area. Our safety first approach to
drilling aligns perfectly with Empire's occupational health and safety mandate
on its properties."


About Empire Mining Corporation (TSX-V:EPC)

Empire Mining Corporation is focused on value-added opportunities with its
principal projects located in the most historically productive areas of Albania
and Turkey.


About Cabo Drilling Corp. (TSX VENTURE:CBE)

Cabo Drilling Corp. is a drilling services company headquartered in North
Vancouver, British Columbia, Canada. The Company provides mining related and
specialty drilling services through its Canadian divisions in Surrey, British
Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale,
Newfoundland; as well as Cabo Drilling (Nevada) Inc. of the United States; Cabo
Drilling (Panama) Corp. of Panama, Republic of Panama; Cabo Drilling
Panama-Pacifico Corp. of Panama, Republic of Panama doing business as Cabo
Drilling Colombia Corp.; Cabo Drilling Spain S.L. of Sevilla, Spain; Balkan
States Drilling SH.P.K. of Tirana, Albania; and Cabo Drilling (International)
Inc. The Company's common shares trade on the Frankfurt Exchange under the
symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.


ON BEHALF OF THE BOARD 

John A. Versfelt, Chairman, President and CEO

Further information about the Company can be found on the SEDAR website
(www.sedar.com) or by contacting the persons listed below.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, potential mineral recovery processes and other
business transactions timing. Forward-looking statements address future events
and conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.

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