Mr. Richard Atkinson reports

DIRECTOR ACQUIRES SHARES OF FJORDLAND EXPLORATION INC.

Richard C. Atkinson has filed an early warning report that advises that since the filing of his last report on Sept. 13, 2011, he has obtained ownership or control of an additional 2,065,500 common shares of Fjordland Exploration Inc. for total consideration of $113,250. These shares were acquired by the exercise of management incentive options (725,000 options) and through purchases on the TSX Venture Exchange (1.34 million shares).

Taking into consideration the exercise of options and purchase of common shares, Mr. Atkinson now owns or controls 12,830,923 common shares, representing 15 per cent of Fjordland's issued and outstanding common shares as reported in Fjordland's most recently filed financial statements. In addition, Mr. Atkinson has been granted management incentive options to purchase 1,425,000 shares, which, if exercised on a non-dilutive basis and added to his current shareholdings, would represent 16.4 per cent of Fjordland's then-issued common shares. Mr. Atkinson acquired the shares for investment purposes only.

This investment may be increased or decreased as circumstances warrant. A report respecting this acquisition will be electronically filed with the British Columbia Securities Commission and will be available for viewing through the Internet or SEDAR.