Armistice Resources Corp. signs drilling contract with Heath and Sherwood Drilling Inc. a subsidiary of Cabo Drilling Corp.

    Issued and Outstanding common shares: 46,603,398

    TORONTO, June 11 /CNW/ - Armistice Resources Corp. (TSX: AZ) ("Armistice"
or the "Corporation") announces it has signed a contract with Heath and
Sherwood Drilling Inc. of Kirkland Lake, a subsidiary of Cabo Drilling Corp.
(TSX-V: CBE) (Cabo) of Vancouver. This contract is for the first 10,000 feet
of a significant exploration program planned for this year. Armistice
President and CEO, Todd J. Morgan stated: "We are pleased to be working with a
local company that has a solid reputation like Heath and Sherwood Drilling".

    About Armistice Resources Corp. (TSX: AZ)

    Armistice is a Canadian exploration company that owns an advanced
exploration underground gold project in North-eastern Ontario located on the
prolific Larder Lake break. The McGarry project consists of 34 contiguous
patented mining claims and licences of occupation totaling 484 hectares which
adjoins the former producing Kerr Addison gold mine which produced in excess
of 11 million ounces of gold. The project has been dewatered and the mining
contractor is completing rehabilitation work at the site.

    About Cabo Drilling Corp. (TSX-V:  CBE)

    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; Montréal, 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.


SOURCES CORP. "Todd J. Morgan" Todd J. Morgan President, CEO and Chairman of the Board

For further information:

For further information: Todd J. Morgan, (705) 642-3304,

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