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CABO SUBSIDIARY TO DRILL SULTAN MINERALS JERSEY-EMERALD MOLYBDENUM & TUNGSTEN PROPERTY

North Vancouver, BC – Cabo Mining Enterprises Corp. (“Cabo” or the “Company”) (TSX-V: CBE) announces that its subsidiary Advanced Drilling Ltd. has been awarded a contract by Sultan Minerals Inc. to complete a minimum of 1,000 metres of underground diamond drilling on Sultan’s Jersey-Emerald molybdenum and tungsten property.

Sultan Minerals Inc.'s property is located near the community of Salmo in southeastern BC. Drilling will commence immediately on the East Dodger Zone of the Emerald Tungsten Mine, where Sultan recently announced sizeable molybdenum and tungsten deposits were intersected in two initial holes completed in July (see Sultan Minerals Inc. News Release of August 2, 2005).

Advanced Drilling Limited utilizes underground drills of various configurations and employs skilled operating personnel who have achieved exceptional success using highly efficient and functional drills that they have manufactured or modified. This gives Advanced Drilling Ltd. the ability to provide a drill for every underground situation and enhances their productivity by minimizing non-productive time.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.


* * * *

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: 08/24/2005