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CABO SUB DRILLS ORPHAN BOY S RAIN PROPERTY

North Vancouver, BC – Cabo Mining Enterprises Corp. (“Cabo” or the “Company”) (TSX-V: CBE) announces that its wholly owned subsidiary Advanced Drilling Ltd., of Surrey, BC, has contracted with Orphan Boy Resources Inc. (“Orphan Boy”) to drill an initial 1,200 metres of a planned 5,000- metre core drilling campaign on Orphan Boy’s Rain Property near Revelstoke B.C.

Orphan Boy is a mineral resource company with various polymetallic exploration projects located in the Big Bend region in southeastern British Columbia, Canada. The first phase of the Rain Property drilling will test an area described in previous reports by Orphan Boy as “…the highly mineralized “Alfi” outcrop and flanking geochemical and coincident magnetic anomalies”. The Rain Property is located 65 km north, via Hwy 23, of the City of Revelstoke, British Columbia.

Cabo Mining Enterprises Corp. is a drilling services and mineral exploration company headquartered in North Vancouver, British Columbia, Canada. The Company provides drilling services through its subsidiaries Heath & Sherwood Drilling (1986) Inc., of Kirkland Lake, Ontario; Petro Drilling Company Limited of Springdale, Newfoundland; Stratacan Inc. of St. John’s, Newfoundland; Forages
Cabo Inc. of Montréal, Quebec; and Advanced Drilling Ltd. of Surrey, British Columbia. Cabo’s mineral exploration properties are located near Cobalt, Kenora, and Sudbury, Ontario, Canada. 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 Exchange has not in any way passed upon the merits of this news 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: 07/14/2005