Battle Mountain; isn't that close to some VIT properties like Cove McCoy ? Cabo is the premier drilling company. Any comments ?

Cabo Expands Drilling Services Into Nevada
Tuesday November 27, 9:00 am ET

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2007) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that its Nevada division, Action Drilling Inc., a subsidiary of Cabo Drilling (Pacific) Corp., has been awarded a contract to complete a minimum of 7,500 feet of HQ core drilling in Nevada.

The Company began drilling in mid-October on their client's property located approximately 30 miles south of Battle Mountain, Nevada. Action Drilling mobilized a track mounted diesel hydraulic rig, which has a proven track record drilling in similar conditions in Nevada.

Nevada's mineral potential is well known as evidenced by the extensive mining industry in place as well as the exploration boom that is underway. Nevada's regulatory agencies are very active and familiar with all aspects of exploration, environmental and cultural protection making Nevada a place of choice for explorers and miners. Additionally, Nevada's gold production accounts for 87% of the total US gold production and making Nevada the third largest producer of gold in the world. Considering this, the Company believes expanding its drilling services into Nevada will add value for Cabo's clients and shareholders.

"We are pleased to announce the expansion of Cabo's drilling services into another new market," stated John A. Versfelt, President and CEO of Cabo Drilling Corp. "We have a great team of people who are dedicated to servicing our customers efficiently and to providing top level value, whether in Canada, USA or the other markets we presently service."

About Cabo Drilling Corp.

Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.

ON BEHALF OF THE BOARD

John A. Versfelt, Chairman, President and CEO