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Cabo to Drill Howard's Pass Selwyn Project for Pacifica

North Vancouver, BC – Cabo Drilling Corp.’s (TSX-V: CBE) (“Cabo” or the “Company”) Advanced Drilling Ltd. division has been awarded a contract to drill a minimum of 6,000 metres at Pacifica Resources Ltd’s Howard’s Pass Selwyn Project in eastern Yukon.  The diamond drilling program, for the Vancouver based company, is underway as part of a $10 million exploration program aimed at defining the full potential of this large zinc-lead deposit. 

Advanced Drilling Ltd. is currently operating three coring drills on the property under its contract.  The drill program will include drill testing of regional stratigraphy and definition drilling of three newly defined zones of lead-zinc sulphide mineralization.

About Pacifica Resources Ltd. 
Pacifica’s main focus is the exploration of its properties in the Selwyn Project, Yukon that host world-class, large tonnages of zinc-lead mineralization.  These known deposits have the potential for large scale production of zinc and lead, at a time when the World’s zinc mine supply is in deficit and there are few new mines under development.

About Cabo Drilling Corp.
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada.  The Company provides mining related and specialty drilling services through its subsidiaries Advanced Drilling Ltd. of Surrey, British Columbia; Forages Cabo Inc. of Montréal, Quebec; Heath & Sherwood Drilling Inc., of Kirkland Lake, Ontario; and Petro Drilling Company Limited of Springdale, Newfoundland.  The Company’s common shares trade on the TSX Venture Exchange under the symbol: CBE.

ON BEHALF OF THE BOARD

(signed “John A. Versfelt”)

John A. Versfelt
Chairman, President and CEO

Further information about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR (www.sedar.com) or by contacting Investor Relations Ms. Sheri Barton at 403-217-5830 or Mr. John A. Versfelt, Chairman, President & CEO of the Company at 604-984-8894.
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The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.  This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes and other business transactions timing.  Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties.  Actual results may differ materially from those currently anticipated in such statements.
 
 


Last Updated: 07/25/2006