Vancouver, BC, May 2, 2006 - Wildrose Resources Ltd. (TSX-V: WRS) reports that drilling has encountered more significant mineralization at Woodjam’s Megabuck zone to expand the gold-copper porphyry system. Hole 06-51 intersected 93.6 metres (307 feet) grading 0.95 g/t gold and 0.19% copper in an area located 50 metres south of previous drilling, and hole 06-53 returned 1.52 g/t gold and 0.23% copper over 28 metres (92 feet) demonstrating the existence of higher-grade mineralization in the system. These results have increased the dimensions of the Megabuck zone to an area covering approximately 300 metres by 300 metres, and determined major expansion potential that is open in all directions, particularly to the east and south.
“Drilling has established a continuous gold-copper system from surface to an undetermined depth at Megabuck that is also open laterally,” commented Victor Tanaka, President of Fjordland, Wildrose’s joint venture partner for the development of the Woodjam project. “We are planning a major follow-up drill program which will test the potential for a Kemess Mine-size deposit.”
The recent drill program, completed between late February and early April, consisted of seven step-out diamond drill holes totaling 2,578 metres, with results as follows:
2006 First Phase Drill Results – Megabuck Zone
* The bottom sample of hole 06-55 graded 1.3 g/t gold and 0.20% copper over 1.3 metres. Hole was terminated in mineralization due to bad ground conditions.
Description of Drill Holes and Summary
Following is a brief description of the drill holes. A drill hole location map and cross sections can be viewed at the Fjordland Website www.fjordlandex.com.
Hole 06-49 was drilled at –63 degrees to test under hole 05-43 that was abandoned in 2005 in high-grade mineralization due to bad ground conditions. Due to thick overburden, 05-49 deflected and shallowed excessively and did not test the target area.
Hole 06-50 was drilled at –79 degrees to test the northern extension of the zone but did not intersect significant mineralization due to interpreted fault displacement.
Hole 06-51 was a vertical, 50 metre step-out to the south of the zone and was successful in intersecting a wide mineralized zone which has opened the south area for major expansion potential.
Hole 06-52 was a vertical, further 50 metre step-out to the south of 06-51 that intersected a wide mineralized zone confirming open potential to the south, east and west.
Hole 06-53 was a vertical, up-dip hole located 50 metres to the west of hole 06-43 that was abandoned in high-grade mineralization due to faulting. It succeeded in demonstrating continuity of mineralization toward surface.
Hole 06-54 was drilled vertically and located 100 metres west of 06-53. It was successful in demonstrating continuity of mineralization to surface.
Hole 06-55 was drilled vertically and collared 50 metres east of hole 06-43 which was abandoned in high-grade mineralization due to faulting. Unfortunately 06-55 was also abandoned in a fault zone just as it was entering a high-grade zone. The bottom sample assayed 1.3 g/t gold and 0.20% copper over 1.3 metres.
The initial 2006 drilling has clearly expanded the size potential of the Megabuck zone and has demonstrated that the limited historical drilling outside of the 300 metre by 300 metre zone of drill-intersected mineralization did not test the potential for a major mineralized body.
A follow-up large-scale drill program of approximately 10,000 metres is planned at Megabuck this summer to systematically assess the potential for a major gold-copper deposit. The program will be a joint venture funded on a 60% - 40% basis by Fjordland and Wildrose respectively. Fjordland will remain the operator of the project.
The Woodjam gold-copper porphyry property is located in south-central British Columbia, 10 kilometres from Horsefly in the Cariboo region and has excellent logistics and infrastructure. Mineralization at Woodjam is modeled after Northgate Mineral Corporation’s (TSX: NGX) Kemess deposit in northern British Columbia, and Newcrest Mining’s Cadia Hill deposit in Australia. Kemess commenced production in 1999 with a resource of 200 million tonnes grading 0.63 g/t gold and 0.22% copper while Cadia Hill commenced production in 1996 with a resource of 210 million tonnes grading 0.72 g/t gold and 0.18% copper.
The results of the first phase 2006 drilling program at Woodjam were reviewed and verified by the J. William Morton, P.Geo., the qualified person as defined by National Instrument 43-101. Global Discovery Labs and Acme Analytical Laboratories Ltd of Vancouver, BC, both ISO accredited laboratories, completed the analyses.
J. William Morton
Wildrose Resources Ltd.
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