Versfelt ")

John A.

33rd participants

Cabo's mineral exploration properties are
located near Cobalt, Kenora, and Sudbury , Ontario, Canada.

held 31st

("Cabo" or the "Company") (TSX-V: CBE) announces that its subsidiary
Petro Drilling Company Ltd. The Company's
common shares trade on the TSX Venture Exchange under the symbol: CBE .

The Exchange has not in any way passed upon the merits of this news
release. Lovely.

30th calgary

montr 35th

is a drilling services and mineral
exploration company headquartered in North Vancouver, British Columbia,
Canada. John A.

annual preliminary

Forward-looking statements address future
events and conditions and therefore, involve inherent risks and uncertainties.

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ottawa 31st

NORTH VANCOUVER, July 11 - Cabo Mining Enterprises
Corp.cabo. We offer advisory
expertise across a wide range of industries and provide top-ranked research
for our corporate, government and institutional investor clients.

sponsored 34th

Cabo to drill Duck Pond for Aur Resources

com/research.

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In addition, Petro is to
carry out the grout-sealing of approximately 90 previously drilled holes in
the area. of Surrey, British Columbia.

bec 35th

Cabo Mining Enterprises Corp. John's,
Newfoundland; Forages Cabo Inc.

sponsored conferences

sponsored 32nd

cabo. CIBC
expects that Alberta 's 7 per cent rate of expansion during 2006 will end up
being nearly four times faster than growth in Ontario and Quebec, where energy
prices, a strong Canadian dollar and a stateside cooling will weigh.

CIBC World Markets is the wholesale banking arm of CIBC, providing a
range of integrated credit and capital markets products, investment banking,
and merchant banking to clients in key financial markets in North America and
around the world.

32nd ottawa

preliminary 33rd

sedar.
"Home to the lion's share of Canada's oil and gas resources, Alberta is
the poster child for what a red-hot economy looks like," said Mr .
Another key provincial energy producer, Newfoundland + Labrador, could
legitimately challenge Alberta for the 2006 provincial growth title, as
resource production takes its latest step up. Elsewhere , British Columbia
should enjoy a non-residential building boom, with sturdy domestic demand
leading to a strong economic expansion in 2006-07.

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The CIBC World Markets' Provincial Forecast, which contains a province-
by-province analysis, is available at http://www.

montr 31st

annual 35th

of St. Versfelt
Chairman , President and CEO

Further information about the Company can be found on the Cabo website
(http://www.ca) and SEDAR (ww. TORONTO, Feb.

annual 36th

This news release may contain forward-looking statements including
but not limited to comments regarding the timing and content of upcoming work
programs , geological interpretations, potential mineral recovery processes and
other business transactions timing.
Actual results may differ materially from those currently anticipated in such
statements .ca, web site:
http://www.

Regional economic disparities to continue next year according to CIBC World Markets

We deliver innovative full capital solutions to growth-
oriented companies and are active in all capital markets.

Conferences sponsored by the Canadian Economic Association

36th 30th

("Aur Resources "). The Company provides drilling services through its subsidiaries Heath
+ Sherwood Drilling (1986 ) Inc., of Kirkland Lake, Ontario; Petro Drilling
Company Limited of Springdale, Newfoundland; Stratacan Inc.

CONTACT: John A. Versfelt, Chairman, President and CEO, Telephone:
(604) 984-8894 , Facsimile: (604) 983-8056, e-mail: cabo@cabo.

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ON BEHALF OF THE BOARD


--- -------------------------
(signed) "John A. An expectation of persistently high oil and gas prices
beyond 2007 means Alberta's economic edge should prove much more lasting than
the one it saw in the late 1970s/early 1980s.

conferences montr

Aur Resources is a Canadian based international mining company active in
the acquisition, exploration, development and mining of mineral deposits with
a strong emphasis on copper. The work is currently underway and is expected to continue through
September 2005. Versfelt , Chairman,
President + CEO of the Company. 10 - Just as they did 30 years ago,
sizzling energy prices have spawned huge economic disparities across the
provincial landscape, according to the latest issue of CIBC World Markets'
Provincial Forecast. Senior Economist Warren Lovely predicts these economic
disparities will remain for years to come, with brisk growth in energy-rich
Alberta contrasting with a more muted expansion in Canada's industrial
heartland.
According to the CIBC report , Alberta's growth advantage will be equally
pronounced in 2007.

preliminary calgary

Sheri Barton at 403-217-5830 or Mr .

sponsored preliminary

, of Springdale, Newfoundland, has signed a
contract to drill up to 7,000 metres for Aur Resources Inc. of Montreal, Quebec; and Advanced Drilling
Ltd.com) or by contacting Investor
Relations Ms .ca

cibcwm.

ottawa 31st

The work is to take place at Aur Resources' Duck
Pond copper zinc deposit in central Newfoundland.

33rd cea

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- - kjjkjk

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