Mr. Tom Schroeter reports

FJORDLAND CLOSES PRIVATE PLACEMENT WITH GOLD FIELDS

Fjordland Exploration Inc.'s private placement financing announced in Stockwatch news dated Aug. 6, 2010, with Gold Fields Netherlands Services BV, a member of the Gold Fields Ltd. group of companies, has been finalized. A total of 1,818,182 common shares at 16.5 cents each were issued for gross proceeds of $300,000. The securities have a hold period and may not be traded until Dec. 11, 2010.

Fjordland president Tom Schroeter said: "This is a strong vote of confidence by Gold Fields and we look forward to having them on board as shareholders. It will facilitate a good working relationship as we expand our ongoing multimillion-dollar exploration programs at the Woodjam North and Woodjam South projects."

About Gold Fields Ltd.

Gold Fields is one of the world's largest unhedged producers of gold, with attributable production of 3.6 million ounces(i) per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields also has an extensive growth pipeline with both greenfield and near-mine exploration projects at various stages of development. Gold Fields has total attributable mineral reserves of 81 million ounces and mineral resources of 271 million ounces.

(i) Based on the annualized run rate for the first three quarters of fiscal 2010.