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Management is pleased to announce that an additional reverse circulation drill has been contracted to augment the two diamond drills and one reverse circulation drill currently operating on the Spanish Mountain Joint Venture. The new drill is scheduled to begin drilling this week bringing the full compliment of drills to four.

The new drill will concentrate on the southern portion of the Spanish Mountain claim group, two and a half kilometers south of the Spanish Mountain “Main Zone” and located on the opposite side of the ridge. The area of interest drains into the Cedar Creek watershed and lies approximately two and a half kilometers northeast of one of Canada’s richest placer gold deposits. The Cedar Creek placer deposit was discovered in 1921 and commented on in the 1926 report to the BC Minster of Mines in which it is noted that “Three exceptional pans of raw gravel that year yielded “49, 35 and 29 ounces of gold, respectively ”. Initial material processed at Cedar Creek placer commonly yielded approximately $50 yard in gold then valued at $17 ounce.

A new logging road was constructed into this area this summer and preliminary investigation indicates this area is completely covered with overburden, limiting historical prospectors from finding the bedrock source of the Cedar Creek gold. The additional drill will utilize the new road to access areas which can be tested through the overburden for the host gold mineralizing system. 

Notification has been received that a helicopter borne geophysical survey was completed on October 16 and preliminary results will be made available to the joint venture shortly. The airborne survey, completed by Fugro Airborne Surveys Corp., entailed approximately 300 line-kilometers of survey employing a DIGHEM multi-coil, multi-frequency electromagnetic system. It is anticipated that the survey will help to detail important stratigraphic and structural corridors controlling gold mineralization.

The Spanish Mountain project is a joint venture between Skygold Ventures Ltd. and Wildrose Resources Ltd. in which Skygold has a 70% participating interest and Wildrose has a 30% participating interest. J.W. (Bill) Morton, P. Geo. is the qualified person (as defined in NI 43-101) who has reviewed this news release. 

On Behalf of the Board,
WILDROSE RESOURCES LTD.

“Bill Morton”

J. William Morton, P. Geo., President
Contact: B&D Capital Partners
(604) 685-6465    

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.