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Cabo Division to Drill Shihan for Rockcliff Resources Inc.

Cabo Drilling Corp. (TSX VENTURE:CBE) (“Cabo” or the “Company”) announces that its Heath & Sherwood Drilling Inc. division has been awarded a contract to drill NQ diameter core for Rockcliff Resources Inc. on the Shihan VMS Property located close to the town of Missanabie, in central Ontario.

The drilling project, which commenced the next week of February, 2007, will total 3,000 meters of NQ core drilling. Heath and Sherwood will utilize one JKS Boyles BBS-25A diamond drill for the project. Drilling will initially concentrate on the Zinc Zone and its own potential extensions. The Zinc Zone includes stringers and massive sulphide lenses containing zinc, copper, lead, gold and silver mineralization.

Rockcliff Resources Inc. is really a Canadian resource exploration company centered on the acquisition and development of high-quality mineral assets connected with top notch geology and in top notch mining camps.

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

WITH RESPECT TO THE BOARD

John A. Versfelt, Chairman, President and CEO

This news release may contain forward-looking statements including however, not limited by comments concerning the timing and content of upcoming work programs, geological interpretations, potential mineral recovery processes along with other business transactions timing. Forward-looking statements address future events and conditions and for that reason, involve inherent risks and uncertainties. Actual results varies materially from those currently anticipated such statements.

SOURCE: Cabo Drilling Corp.

Cabo Drilling Corp. Ms. Sheri Barton Investor Relations (403) 217-5830 Cabo Drilling Corp. Mr. John A. Versfelt Chairman, President & CEO (604) 984-8894 (604) 983-8056 (FAX) Email: [emailprotected] Website: www.cabo.ca

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