Caribou King Yields 99.3% Graphitic Carbon From Initial Purity Test

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 10, 2015) - Caribou King Resources Ltd. ("Caribou" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce exceptional preliminary results of up to 99.3% graphitic carbon (Cg) from its first beneficiation test conducted by SGS Canada Inc. (Lakefield) on the 100% owned Buckingham flake/lump graphite property.

The 2 kilogram (kg) surface sample, taken from an exposed vein with a head grade of 55.8% Cg (57.9% total C), was concentrated by grinding and flotation and divided into three size fractions: +48, +100 and -100 mesh. All three concentrates returned high grade graphitic carbon (Cg) content with very little losses in the tailings and middling streams. The +48 mesh size (jumbo size) fraction represented 36.6% of the flotation concentrate and was assayed at 99.3% Cg. The +100 mesh size (medium to large size) fraction represented 25.6% of the flotation concentrate and was assayed at 98.8% Cg. The -100 mesh size (fine to amorphous) fraction represented 32.7% of the flotation concentrate and was assayed at 95.3% Cg. These results are summarized in the following table:

Initial Flotation Test Results

Results were obtained in a single flotation test without process optimization. A full process development study including grinding and flotation optimization is anticipated to return higher flotation concentrate recoveries and grades, thus reducing the operating cost of a downstream purification process.

These positive results at Buckingham have triggered an extensive follow-up program now being planned by the Company.

Michael B. England, CEO & Director of Caribou King stated, "After just an initial traditional flotation test, Buckingham has yielded a concentrate that assayed 99.3% Cg which is extremely encouraging, especially when considering that they were obtained in a single set of tests without any process optimization."

All carbon analyses were performed by SGS Canada Inc. (Lakefield) and are reported as graphitic carbon Cg employing a LECO SC-632 instrument.

Isabelle Robillard, P. Geo #287 (an Associate of Inlandsis Consultants s.e.n.c.), an Independent Qualified Person under National Instrument 43-101, has reviewed the metallurgical balance sheet and assay results produced by SGS Canada Inc. (Lakefield) approved the technical information provided in this news release.

About the Buckingham Property

The 100% owned Buckingham Graphite property, covers 480 hectares and is located 7km northwest of Buckingham, Quebec, Canada. Well-maintained bush roads lead directly to the sampled showing and throughout the property. The property is comprised of eight claim blocks within the Central Metasedimentary Belt of the Grenville Geologic Province with graphite occurring in veins and masses within pegmatite, diopside skarn, marble and gneiss.

For more information, please visit the website at www.caribouking.com.

ON BEHALF OF THE BOARD

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.