Mr. Gord Friesen reports

FJORDLAND ANNOUNCES CONSOLIDATION

Fjordland Exploration Inc.'s board of directors has approved a consolidation of the company's issued and outstanding common shares on the basis of one postconsolidation common share for eight preconsolidation common shares.

As of the date hereof, the company has 82,935,531 common shares issued and outstanding. Following completion of the consolidation, the company expects to have approximately 10,366,941 common shares issued and outstanding, subject to rounding. The effective date and record date of the proposed consolidation will be announced upon final approval from the TSX Venture Exchange.

No fractional shares will be issued as a result of the consolidation. Any fractional shares resulting from the consolidation will be rounded down to the nearest whole share without compensation. The exercise or conversion price, and the number of common shares issuable under any of the company's outstanding convertible securities, will be proportionately adjusted upon the effectiveness of the consolidation

The company does not intend to change its name or seek a new stock trading symbol from the exchange in connection with the consolidation. The company's shares will continue to trade under the symbol FEX. The postconsolidation common shares of the company will have a new Cusip number and a new ISIN. The company will provide additional information regarding the new Cusip number and ISIN for the postconsolidation shares once it has been assigned.

The consolidation remains subject to the approval of the TSX-V.

A letter of transmittal will be sent to the registered shareholders holding physical share certificates providing instructions to surrender such share certificates evidencing their preconsolidated common shares for replacement certificates representing the number of postconsolidated common shares they are entitled to as a result of the consolidation. Until surrendered, each certificate representing the preconsolidated common shares will be deemed to represent the number of postconsolidated common shares of the company that the holder thereof is entitled to as a result of the consolidation.

We seek Safe Harbor.