Mr. Richard Atkinson of Fjordland reports

FJORDLAND, COMMANDER AND HIGH POWER EXPLORATION BEGIN DRILLING AT SOUTH VOISEY'S BAY NICKEL-COBALT PROJECT, LABRADOR

Fjordland Exploration Inc. and project partners Commander Resources Ltd. and privately owned High Power Exploration Inc. have begun the 2018 phase 1 drill program at the company's South Voisey's Bay project, located in Labrador, Canada. The work is being financed by High Power Exploration, which also is providing technical support.

The initial program will comprise 1,300 metres of core drilling in six to eight holes, as well as property-wide geological mapping and additional target assessment.

The SVB property is in central Labrador, about 80 kilometres south of Vale's Voisey's Bay nickel-cobalt mine and covers the majority of the Pants Lake gabbro complex. The Pants Lake complex consists of rocks with alteration and nickel mineralization styles consistent with high-nickel prospectivity. This program is a continuation of the initial drill test undertaken in 2017 and will target conductors derived from reprocessing of historical geophysical data. The geological model for Voisey's Bay-style deposits emphasizes the strong role of structure in controlling magma emplacement, as well as control of sulphide accumulation.

A high-resolution satellite-based radar survey completed earlier this year provides a new structural data set that was utilized in interpreting and ranking the numerous modelled conductors. Areas to be drill tested in the upcoming program include a follow-up target at Sandy in the vicinity drilled in 2017, as well as targets at the south end of the project area referred to as the South Gabbro and an area north of the Sandy target with two conductors, referred to as the West and the East Bowl. A target map with permitted drill sites is attached.

Fjordland currently owns a 35-per-cent interest in the SVB property and may acquire up to a 100-per-cent interest by paying Commander combined cash payments of $290,000 ($10,000 paid), completing $8.0-million in exploration expenditures (approximately $1.5-million spent to date) and issuing to Commander an aggregate of 4.5 million shares of Fjordland (450,000 shares issued) (see Fjordland's news release dated June 5, 2017, for details). Upon Fjordland acquiring a 100-per-cent interest in the project, Commander will retain a 2-per-cent net smelter royalty. Commander will receive a $10.0-million advance royalty payment at the commencement of commercial production. An affiliate of High Power Exploration owns approximately 30 per cent of Fjordland and has entered into a separate financing agreement with Fjordland to provide up to $7.4-million in expenditures and $290,000 in property payments, following which Fjordland has agreed to assign them a 65-per-cent project interest (see Fjordland's news release dated Aug. 28, 2017, for details).

Victor A. Tanaka, PGeo, is a qualified person within the context of National Instrument 43-101, and has read and takes responsibility for the technical aspects of this release.

About Fjordland Exploration Inc.

Fjordland Exploration is a mineral exploration company that is focused on the discovery of large-scale potentially economic deposits located in Canada.

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