Mr. J. William Morton reports

CARIBOO ROSE CLOSES PRIVATE PLACEMENT WITH GOLD FIELDS

Cariboo Rose Resources Ltd.'s private placement financing proposed on 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 623,000 common shares of Cariboo Rose at a price of 32.1 cents per share was issued for gross proceeds of $200,000. The securities have a hold period and may not be traded until Dec. 12, 2010.

Proceeds from the financing will be used for exploration work on the company's projects and general working capital.

J. William (Bill) Morton, PGeo, who is a qualified person within the context of National Instrument 43-101, has read and takes responsibility for this news release.

About Gold Fields

Gold Fields is one of the world's largest unhedged producers of gold, with attributable production of 3.6 million ounces (*) per year 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.

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