Caribou Retains Market Making Services of Venture Liquidity Providers/Announces New CFO

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/04/11 -- CARIBOU COPPER RESOURCES LTD. ("Caribou Copper" or the "Company") (TSX VENTURE: CKR) announces that, subject to regulatory approval, it has retained J.C. Cunningham of Venture Liquidity Providers (VLP), effective immediately. VLP is a Canadian consulting firm headquartered in Toronto, Canada. It has been agreed that VLP will initiate its market making service to provide assistance in maintaining an orderly trading market of the Company's common shares. The market making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd., in compliance with the guidelines set out in Policy 3.4 of the TSX Venture Exchange Corporate Finance Manual. The agreement is for a 12-month period, will automatically renew for additional 12 month-periods and may be terminated at any time upon written notification by either party. In exchange for the market-making services to be provided by VLP, Caribou Copper will pay a monthly fee of $5,000.00 plus HST.

ABOUT VENTURE LIQUIDITY PROVIDERS

VLP is a specialized consulting firm based in Toronto, Canada that provides a variety of services focused on TSX Venture Exchange listed stocks. VLP's exclusive market making service is provided by W.D. Latimer Co. Ltd. of Toronto, Canada.

The Company is also pleased to welcome Mr. David Cross of Vancouver, BC as its new Chief Financial Officer, replacing Mr. Barry Gould. Mr. Cross is a Certified General Accountant and has a strong accounting background. Currently, he is a partner in the firm of Cross Davis & Company LLP. Prior to founding Cross Davis & Company, Mr. Cross spent eight years working in Chartered Accountant firms including a manager position at Davidson & Company LLP. Mr. Cross also spent six years working in industry which included an Assistant Controller position at Canadian Communication Products. Mr. Cross is a welcome addition to the Company's management team and the Company extends the best to Mr. Gould who plans to focus his attention on other business ventures.

Caribou Copper's mission is to identify, acquire, and advance high potential base and precious metal prospects.

ON BEHALF OF THE BOARD

Michael England, Director

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.

Contacts:
Caribou Copper Resources Ltd.
Michael England
Director
1-604-683-3995 or Toll Free: 1-888-945-4770
(604) 683-3988 (FAX)