Caribou Acquires Additional Claims at Mulloy and Increases Acreage by 50% Near Zenyatta's Albany Project

CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX
VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce that it has acquired three
additional strategic claim blocks contiguous to the southwest of the 100% owned
Mulloy graphite project, located ten kilometers west of the Zenyatta Ventures
Albany graphite project in Ontario. The acquisition increases the property by
50% to 5,693 hectares, and now includes the southwest end of a regional magnetic
trend that encloses seven recently-discovered EM conductors (see news release,
September 25, 2013). 


As announced previously, the seven conductors define a broad, southwest to
northeast trending corridor that parallels the regional aeromagnetic trend for
over 1.6 kilometers and remains open in all directions. Permits for line-cutting
and drilling have been submitted and are expected shortly, after which a grid
will be established to further refine the strike length of the conductive
corridor. 


Mulloy Project Maps: http://caribouking.com/wpsite/graphite/mulloy/

The new claims are located approximately two kilometers southwest of the
historic graphite discovery hole by Shell Canada Resources Ltd. that encountered
90% visual graphite in 18.68 meters of graphitic schist, followed by a second
graphitic schist intersected over 19.78 meters for a total of 38.46 meters (see
news release, August 15, 2013). The total depth of the drill hole was 182.70
meters and is located approximately 10 kilometers west of the Zenyatta's Albany
graphite project. An estimate of true thickness cannot be determined from the
historic drilling, and the graphite content is a visual historical estimate and
should not be relied upon without lab assay confirmation. 


Michael England, CEO and Director states, "We are excited to have secured the
entire magnetic trend that underlies the Mulloy property. Exploration on the new
claim area will commence shortly and will consist of horizontal loop EM surveys
and sampling to further define the broad, northwest-trending corridor of
conductors that trends towards the new claims area. This is a very active and
exciting time for Caribou King as we explore all of our highly prospective
graphite properties, several of which are in close proximity to historic and
operating graphite mines."


The technical contents of this release were approved by Dr. Tom E. McCandless,
P. Geo., qualified person as defined by National Instrument 43-101. The property
has not been the subject of a National Instrument 43-101 report, and Dr.
McCandless has not verified the technical data disclosed in this release.


About Caribou King Resources

Caribou King Resources Ltd. (TSX VENTURE:CKR) is a publicly-listed, Canadian
junior exploration company that holds a portfolio of highly prospective mineral
properties located throughout Canada, including seven newly-acquired graphite
projects. These Graphite projects include: Mulloy and Nezen in Ontario that are
close to and adjoin the Zenyatta Ventures Ltd. Albany graphite project; TAC in
Quebec with historic drilling including 9.86% Cgf over 46.75 meters; Lac Vert in
Quebec with graphite intersections in three historic drill holes; Calumet in
Quebec that is contiguous to the Canada Carbon (TSX VENTURE:CCB) Miller
hydrothermal lump-vein graphite project; Buckingham that is located 750 meters
west of the historic Walker Graphite Mine; St.Aime property that is contiguous
with the Timcal Graphite Mine, currently Canada's only producing graphite mine.
Caribou is advancing each of these projects through multiple active exploration
programs now underway.


On Behalf of the Board of Directors

Michael England, CEO

Caribou King Resources Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Caribou King Resources Ltd.
Michael England
CEO
1-604-683-3995 or Toll Free: 1-888-945-4770
1-604-683-3988 (FAX)
www.caribouking.com

Caribou King Resources Ltd. (TSXV:CKR)
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