Caribou Acquires the Nezen Claims Adjoining Albany Graphite Project, Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 29, 2013) - CARIBOU KING RESOURCES LTD. ("Caribou" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce it has staked claims near the Albany graphite deposit that is presently under advanced exploration by Zenyatta Ventures Ltd. Zenyatta recently announced several significant intersections of graphite mineralization, including five holes with 146m of 5.2% Cg, 177m of 5.3% Cg, 186m of 4.9% Cg, and 125m of 4.6% Cg, respectively (see Zenyatta Ventures news release, July 2, 2013).

The Nezen claims are contiguous, covering an area of 256 hectares (632.6 acres), and adjoin the northeastern boundary of the Albany graphite property. A historic aeromagnetic low on the Nezen claims is similar to magnetic lows on the eastern portion of the Albany property (Geological Survey of Canada, Limestone Rapids Airborne Magnetic Survey, Map 3913G). The magnetic low will be investigated through reconnaissance prospecting and sampling that is planned to take place in the coming weeks.

The technical contents of this release were approved by Dr. Tom E. McCandless, P. Geo., a 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.

For more information, 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.