Cabo Drilling Corp. and Dawn - Works Inc. announced the signing of an Alliance Agreement whereby the parties will work together to seek out drilling service contracts with exploration and mining companies within the Labrador region. Dawn - Works Inc. will facilitate collaboration and engagement between the Strategic Partners and contracting agents, specifically where bidding opportunities exist under Aboriginal Impact and Benefit Agreements (IBA), preferential conditions for First Nations participation, or any other noted conditions as set forth and established by law for registered Aboriginal Corporations.

As part of the Alliance Agreement, Dawn - Works Inc. has agreed that Cabo Drilling will be the exclusive supplier of drilling services to mining companies with which Dawn - Works Inc. has bidding opportunities under any and all Aboriginal Impact and Benefit Agreement projects or other agreements set into law for First Nations corporations. Dawn - Works Inc. will also provide insight into availability of local resources, establish guidance for working on Land Claim areas, assist in negotiating with national, provincial and local authorities, identify opportunities for First Nations participation, and establish overall marketing, promotional and public relation activities on behalf of the alliance within the Territory. This Alliance Agreement, along with previous alliance agreements signed with Nunacor Inc. and Torngat Services Limited, will facilitate the provision of exclusive drilling contract services by Cabo Drillingto the mining companies within the Labrador region with projects located within the jurisdiction of Cabo Drilling's alliance partners.