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Cabo Introduces Fitness-For-Work Program to Promote Health & Safety

North Vancouver, BC - Cabo Drilling Corp. (TSX-V: CBE) (“Cabo” or the “Company”); one of Canada’s larger providers of mineral and specialty drilling services, announces the implementation of its Fitness-For-Work Program.  The Company has formed an alliance with CannAmm Occupational Testing Services, who will assist the Company in the assessment of our employees’ fitness for work with respect to the influence or use of drugs and alcohol on the job site.  This partnership with CannAmm will lead to a safer workplace and to helping employees who may have an alcohol or drug dependency.

Health and Safety
Cabo Drilling Corp. is committed to a comprehensive safety program throughout all of its divisions in Canada and internationally.  One of the basic responsibilities of management at Cabo is to provide employees with a safe work environment, which includes the education of employees on the risks associated with being impaired by the influence of alcohol or drugs while operating drilling equipment, heavy equipment and motor vehicles in any and all conditions.  The purpose of the Fitness-For-Work program is to enable the Company to assist any employees dealing with substance abuse and to aid in their rehabilitation.

The CannAmm no-nonsense approach to drug and alcohol use provides Cabo Drilling with the tools required to ensure a high level of employee health, productivity, and safety in a drug and alcohol free environment.  The cost of the Fitness-For-Work program is minimal when compared to the improved safety and health of our employees, the heightened confidence and productivity of our people and the increased confidence of our customers.

John A. Versfelt, Cabo Drilling’s President and CEO explains “The Company has worked on the implementation of this program for almost one year. We believe our employees and prospective employees will welcome a drug and alcohol free working environment and that our customers will whole-heartedly support our efforts in creating a better and safer drilling program.  Safety conscious workers are excellent employees and an asset to every job site.”

As part of Cabo Drilling’s 7-Point Human Resources Plan, The Fitness-For-Work Program was implemented at all Canadian operations on September 15, 2008, and is in the process of being implemented corporate wide.

We welcome inquiries from all drillers, drill helpers, heavy equipment operators and supervisors who wish to work in an environment that is free from substance abuse. Cabo Drilling’s promise to its customers and prospective customers is that we will do all that we can to help our industry in removing the influence of alcohol and drug use from the drilling workplace.

About Cabo Drilling Corp. (TSX-V: CBE)
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 Canadian divisions in Surrey, British Columbia; Montréal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain.  The Company’s common shares trade on the Frankfurt Exchange under the symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.

ON BEHALF OF THE BOARD

     “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 Mr. Garett Greene 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: 10/02/2008