Cabo Division to Drill Shihan for Rockcliff Sources Inc.

Cabo Drilling Corp. (TSX VENTURE:CBE) (“Cabo” or the “Company”) publicizes that its Heath & Sherwood Drilling Inc. division has been awarded a contract to drill NQ diameter core for Rockcliff Sources Inc. on their Shihan VMS Property located advance the metropolis of Missanabie, in central Ontario.

The drilling mission, which commenced the second week of February, 2007, will total 3,000 meters of NQ core drilling. Heath and Sherwood will contain potentially the most of 1 JKS Boyles BBS-25A diamond drill for the mission. Drilling will within the initiating point of interest on the Zinc Zone and its doubtless extensions. The Zinc Zone contains stringers and big sulphide lenses containing zinc, copper, lead, silver and gold mineralization.

Rockcliff Sources Inc. is a Canadian resource exploration firm inquisitive relating to the acquisition and pattern of excessive-quality mineral assets associated to world class geology and in world class mining camps.

Cabo Drilling Corp. is a drilling services and products firm headquartered in North Vancouver, British Columbia, Canada. The Company affords mining associated and strong point drilling services and products by its subsidiaries Stepped forward Drilling Ltd. of Surrey, British Columbia; Forages Cabo Inc. of Montreal, Quebec; Heath & Sherwood Drilling Inc., of Kirkland Lake, Ontario; and Petro Drilling Company Little of Springdale, Newfoundland. The Company’s customary shares substitute on the TSX Mission Alternate beneath the emblem: CBE.

ON BEHALF OF THE BOARD

John A. Versfelt, Chairman, President and CEO

This recordsdata free up also can contain forward-searching statements collectively with nevertheless not restricted to comments relating to the timing and yell material of upcoming work functions, geological interpretations, doubtless mineral restoration processes and varied enterprise transactions timing. Forward-searching statements tackle future events and prerequisites and therefore, contain inherent risks and uncertainties. Staunch results also can vary materially from those within the intervening time anticipated in such statements.

SOURCE: Cabo Drilling Corp.

Cabo Drilling Corp. Ms. Sheri Barton Investor Kin (403) 217-5830 Cabo Drilling Corp. Mr. John A. Versfelt Chairman, President & CEO (604) 984-8894 (604) 983-8056 (FAX) Electronic mail: [email protected] Net residing: www.cabo.ca