Large Scale Production Program At Buckingham

VANCOUVER, BC - Carribou King Resources reported the commencement of a large-scale exploration program at its 100%-owned Buckingham Property in southern Quebec.

The two-phase exploration program will consist of a ground-based electromagnetic (EM) survey covering approximately 75% of the property (Phase 1), followed by a detailed mapping and sampling campaign across the entire property (Phase 2). The overall goal of this program is to capture sufficient data in order to plan an efficient drilling campaign.

The first lines of the EM survey have already been completed and Phase 1 of the program is expected to be completed in September.

The EM survey consists of twenty-nine 100-metre spaced, NW-SE oriented lines across the majority of the property, with additional, 50-metre spaced lines surveyed across the high-potential target zones: the Uncle Zone and Case Zone. Readings will be taken every 25 meters.

Denser coverage across the higher potential zones will assist Caribou's geological team in defining the extent of previously observed mineralization, while the wider-spaced lines will serve to rapidly cover more area and identify any other conductors on the property.

Upon completion of the EM survey, Caribou's geological team will commence a detailed sampling and mapping campaign, covering the entire property. Assays and structural measurements taken during this phase will provide a better understanding of the extent and continuity of mineralization on the property.

The resultant data from both campaigns will be used by the company's geological team to synthesize a conceptual geological model of the property, which will in turn be used to design a potential drilling campaign.

Mike England, CEO and director, states, "We are excited going forward as we begin our exploration program at Buckingham. Our approach has been well calculated by our technical team to be both efficient and expedient. Pending results of the current program, we expect to have a drilling program planned by November 2015."