Return Of Confidence At Cabo Drilling As Signed Contracts Increase In All Areas Source: minesite.com | By: Charles Wyatt There is no doubt, John Versfelt is a hard worker and, as he says on the telephone from Amsterdam, the harder he works the luckier he gets in obtaining contracts for his company Cabo Drilling.

The fact that he is in Amsterdam on business is a reminder that his company is not solely involved with mining companies.

Over the past four years it has spread from the usual mining and exploration jobs such as surface, reverse circulation and diamond core drilling, directional drilling and underground diamond drilling into soil sampling, dam site investigation drilling and geotechnical, geothermal and geoenvironmental drilling.

Cabo has grown into one of the largest international mineral and specialty drilling services providers by being in the right place at the right time with offices in Canada, Albania, Liberia, Mexico, Panama, Spain and the United States...

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About Cabo Drilling Corp.

(TSX-V: 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; Montréal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A.

de C.V.

of Hermosillo, Mexico; Cabo Drilling (Panama) Corp.

of Panama, Republic of Panama; 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” John A.

Versfelt Chairman, President and CEO Further information about the Company can be found on the Cabo website and SEDAR (www.sedar.com) or by contacting Sheri Barton, Corporate Communications at 403-217-5830 or Mr.

John A.

Versfelt, Chairman, President & CEO of the Company at 604-984-8894.

For general investor relation inquiries you may also contact Renmark Financial Communications Inc.

Barbara Komorowski: or Dan Symons: at Tel: 514-939-3989 or 416-644-2020. * * * * The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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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