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Fjordland Exploration Inc
Symbol FEX
Shares Issued 95,660,415
Close 2016-06-20 C$ 0.065
Market Cap C$ 6,217,927
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Fjordland Exploration appoints Kolebaba as adviser

2016-06-20 10:37 ET - News Release

Mr. Richard Atkinson reports

FJORDLAND ANNOUNCES APPOINTMENT OF KOLEBABA AS ADVISER

Fjordland Exploration Inc. has appointed Mark Kolebaba as the inaugural member of an advisory committee.

Mr. Kolebaba has a diverse mineral exploration background including extensive diamond exploration experience both in Canada and internationally. He was employed by BHP Billiton from 1993 to 2002 at a senior project level and subsequently served as president and chief executive officer of Diamonds North Resources Ltd. from 2002 to 2013.

While employed by BHP, Mr. Kolebaba worked at the Ekati diamond mine for four years and was an integral part of the team that co-discovered the first 120 kimberlites on the property. He subsequently contributed to all aspects of diamond exploration, including feasibility of the Koala and Panda mine feasibility studies. From 1997 to 2002, BHP utilized his services in extensive international exploration projects including Russia, Australia and Botswana. Subsequently as president and CEO of Diamonds North, a project generator, that company became the second-largest diamond-focused mineral tenure holder in Canada's North. This company, under Mr. Kolebaba's guidance, raised more than $30-million in capital and attracted an additional $20-million in third party project financing through joint ventures with BHP, Rio Tinto, Teck Cominco and numerous junior companies. Discoveries included many diamondiferous kimberlites on Victoria Island and the identification of an entirely new diamondiferous field near Pelly Bay.

Richard Atkinson, president and CEO, commented, "Mark's advice will be important in the design and implementation of Fjordland's 2016 diamond exploration program on the approximately 80,000 hectares of recently staked and optioned claims in the northwestern Athabasca basin."

Mr. Kolebaba has been granted options to purchase 750,000 common shares at an exercise price of seven cents, exercisable for a period of five years under the company's stock option plan (SOP). The options will vest in increments over the next 18-month period in accordance with the SOP.

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