FEX Fjordland Exploration Inc

Fjordland Exploration Inc. (TSX VENTURE:FEX) is pleased to report assay results
for the first phase of its late-season drilling program on its road-accessible,
2,426-hectare Red Lobster Property, located 25 kilometres west of the historic
giant Sullivan zinc-lead-silver mine in southeastern BC. These holes were from
the recently completed 4-hole drilling program totaling 908 m, as mentioned in
news releases dated October 19, 2011 and November 26, 2011. 


Red Lobster Initial Drilling Highlights: 



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Hole ID    From (m)   To (m) Int. (m)   Zinc %   Lead %
-------------------------------------------------------
RL11-01        95.4    112.5     17.1     0.22     0.17
-------------------------------------------------------
RL11-02       123.5    140.0     16.5     0.12     0.12
-------------------------------------------------------



Hole RL11-01, drilled at -45 degrees, encountered a mineralized interval over
approximately 17.1 m. Mineralization consists of semi-massive red brown
sphalerite, galena, pyrrhotite, pyrite and chalcopyrite in foliated and deformed
parallel bands, as disseminations and in crosscutting fractures and quartz veins
associated with quartz and strong chlorite +/- sericite +/- albite alteration in
middle Aldridge quartzites and pelites. The three intervals are separated by two
short unmineralized sections, interpreted as strongly sheared and altered
gabrro. In the hangingwall, strong silica-albite altered rocks with very
fine-grained pyrrhotite and an unidentified blackish mineral occur with quartz
veining. The mineralized zone(s) appears to be in fault contact with
less-altered psammites. 


Hole RL11-02 was drilled at -70 degrees from the same set up as RL11-01, to
undercut the mineralized zone. As expected, the hole encountered similar highly
altered and sheared sedimentary rocks with mineralization noted over a 109.5-m
interval, and locally separated by intensely sheared and altered gabbro. 


The Company believes that the mineralization in these two holes may have been
remobilized from a deeper more massive source of sulphides during deformation in
a vent setting. 


Assay results from holes RL11-03 and RL11-04, located approximately 3.5 km to
the west on the Shado Zone, intersected sporadic lower grade lead-zinc
mineralization. 


Drilling of hole RL11-05 will resume immediately, and will target the postulated
depth extension of the mineralized zone encountered in holes RL11-01 and
RL11-02, to a depth of approximately 300 m. 


Tom Schroeter, President of Fjordland commented: "We are excited to quickly
resume drilling on the Red Lobster SEDEX (Sullivan-type) target, as well as
testing the GCP gold target early in the New Year. We anticipate a very active
exploration season in the southeast next year." 


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. 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 copper and
gold property, north of Princeton. Fjordland's shares trade on the TSX Venture
Exchange under the symbol "FEX". For more 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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