Company Information for Cabo Drilling Corp

TSX.V-CBE

www.cabo.ca

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TSX.V; CBE

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Company Statement

Cabo Drilling Corp. is a mineral and specialty drilling services provider headquartered in North Vancouver, British Columbia. With operations across Canada, Cabo’s growth within the mineral and specialty drilling services sector means improved services, technical capability and geo-graphical reach for its customers.

Cabo’s mission statement is:

To be the first choice for mineral exploration, mining, geoenvironmental/geotechnical & geothermal customers by offering the best value in the drilling services industry.

To be first choice among employees by offering the most stable, safe and rewarding workplace in the drilling services industry.

To be the first choice for investors by consistently generating superior value and providing excellent corporate governance to shareholders and stakeholders.

Going forward into 2009 the Company will:

Deliver consistent high-quality services based on customer needs.
Move drills and personnel between the Company’s divisions to take
advantage of new contracts and projects as they arise.
Focus on debt reduction, decreased per unit operating and
administration costs, reduced capital and inventory expenditures and
increasing cash.
Continue to train and build the skills of employees, enabling them to
carry out their jobs in a safe and environmentally sensitive manner.

Current Operations

Cabo Drilling Corp. is a mineral and speciality drilling services company headquartered in North Vancouver, British Columbia.

Cabo provides drilling services through its divisions:

Cabo Drilling (Atlantic) Corp. of Springdale, Newfoundland
Cabo Drilling (Ontario) Corp. of Kirkland Lake, Ontario
Cabo Drilling (Pacific) Corp. of Surrey, British Columbia
Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Mexico
Cabo Drilling (Panama) Corp. of Panama City, Republic of Panama
Cabo Drilling Spain, SL of Seville, Spain
Forages Cabo Inc. of Montreal, Quebec

The acquisition of Cabo's divisions has contributed directly to the Company's ability to reach one of its major goals: to become Canada's third largest mineral drilling company.

As a drilling services company, Cabo offers a unique investment opportunity by providing exposure to the mineral exploration and mining sectors without the commensurate risks associated with investing in mineral exploration companies. Additionally, drilling companies are not tied to a single commodity or project but have the ability to capitalize on the market's constant drive to locate new mineral resources.

Additionally, Cabo has expanded its operations into opportune alternative drilling sectors such as geoenvironmental/geotechnical and geothermal drilling. By consolidating through acquisition Cabo has achieved a competitive edge with additional customer services, improved productivity and greater economies of scale. Cabo will continue to align its subsidiaries over the next year to realize the following benefits:

A reduction in drilling company operating costs; and
Improved revenue as a result of offering increased services and greater customer awareness.

Services Provided

Mineral and Specialty Drilling Service Provider
Diamond Core Drilling
Directional Drilling
Surface diamond & reverse circulation drilling
Overland and fly jobs
Underground diamond drilling, Electric, hydraulic and air
Soil sampling
Dam site investigation drilling
Slimhole Core Drilling for Oil and Gas Exploration
Geotechnical
Geothermal
Geoenvironmental
Restricted Access Investigations

WHY INVEST?

Cabo Drilling has had four years of record annual revenue.
In fiscal 2008, Cabo achieved its objective of growing its business to $50 million plus, with a particular emphasis on more stable longterm customers.
Cabo Drilling has expanded its operations internationally and with field operations and offices in seven countries has positioned itself to efficiently “migrate” to meet market demand and needs.
The Company has the ability and expertise to shift its equipment and personnel to best suit market conditions at this time and in the future.
Cabo’s significant international growth is paving the way for further expansion into the USA, Western and Eastern Europe, West Africa and Central America.
Drilling operations are not tied to a single commodity or project,hence an investor can participate in the upside of many commodities,thereby providing investors with exposure to the mining sector without the commensurate risk.

Geographical Spread

Canada, United States, Mexico, Panama, Liberia and Spain

Board of Directors and Key Management

Board of Directors
John A. Versfelt	Chairman, President, Chief Executive Officer & Director
Terry Aimone	General Manager, Albania Branch & Director
Greg Gerrie	Director
Frank Nolan	Director
Tom Oliver	Director
Robin Preston	Director
Robert W. Schellenberg	Director
Peter Walton	Director

Management
John A. Versfelt	Chairman, President, Chief Executive Officer & Director
Calvin Lucyshyn	Controller & CFO
James Goodwin	Human Resources & Safety Coordinator
D. Alex Caldwell	Corporate Secretary

Company Address

3rd Floor
120 Lonsdale Avenue
North Vancouver, British Columbia, Canada V7M 2E8


Telephone:	604-984-8894
Facsimile:	604-983-8056
Email:	info[at]cabo.ca
Website:	http://www.cabo.ca

Capital

Shares Issued: 47,767,013
Fully Diluted: 47,767,013
Market Capitalization: $6,687,381

Annual General Meeting

December, Vancouver

Year End

June 30

Major Shareholders

Management of the Company	21.3%
US Newsletter Writer	4.4%
UK Micro Cap Fund	4.0%

Most Recent Statement

01/06/09 - Cabo Announces 3rd Quarter Results
02/03/09 - Cabo Announces 2nd Quarter Results
10/02/09 - Wedge Appoints Schellenberg Director
05/02/09 - CABO TO DRILL 1,500 METERS FOR MARATHON PGM CORPORATION
12/12/08 - Cabo to Drill Additional 14,500 Meters in Albania for Balkan Resources Inc. & Cancel Stock Options
01/12/08 - Cabo Announces Record Quarterly Results

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