Hillsborough Resources (HLB)

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Great news as share price continues to rise.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 9, 2006) - Hillsborough
Resources Limited (TSX:HLB) is pleased to announce that a technical report has
now been completed in respect of the Barbour and Horizon blocks of the Five
Cabin property, located in Northeast B.C. The report, dated February 8, 2006
and entitled "Five Cabin Project - Barbour and Horizon", was prepared by
Norwest Corporation ("Norwest") in accordance with the provisions of National
Instrument 43-101 ("NI 43-101"), Form 43-101F1.

The technical report covers the Barbour block and the southern portion of the
Horizon block. Located in the north half of the Five Cabin property, these
blocks are included in the Horizon group and form part of the Horizon Mine
area currently being explored and developed by Hillsborough. In-place, surface
mineable, bituminous coal resources delineated in the report total 45,579,000
tonnes of measured and indicated resources, and a further 8,176,000 tonnes of
inferred resources. These coal resources have been estimated by Norwest based
on 3D geological models constructed by them, and within a 20:1 incremental
cut-off ratio of bank cubic metres of overburden per tonne of coal. The
resources are summarized as follows:


Measured Indicated Inferred
-------- --------- --------
Barbour
Medium volatile 6,975,000 12,679,000 6,935,000
Low volatile 672,000 3,968,000 1,241,000
-------------------------------------
7,647,000 16,647,000 8,176,000

Horizon
Medium volatile 21,285,000 - -
-------------------------------------

Total 28,932,000 16,647,000 8,176,000
-------------------------------------


The technical report has been prepared by G. Lynn Taylor, P.Geol., a Senior
Geologist with Norwest and an "Independent Qualified Person" as described in
NI 43-101. The report has been filed on SEDAR and is available for viewing at
www.sedar.com.

Hillsborough is continuing exploration on the Northridge block and the
northern portion of the Horizon block, and expects to complete drilling by the
end of February. Norwest has been commissioned to prepare a technical report
on these blocks, and it is anticipated that this report will be completed by
the end of April.

Based on the coal resources being delineated on these blocks, Hillsborough is
proceeding with a feasibility study for the Horizon Mine with pit design and
mine planning work based on a production level of up to 1.6 million tonnes of
coking coal product per year. Baseline environmental work is largely complete,
and the Horizon Mine project is in the "Pre-application" stage of the
Provincial Environmental Assessment Process. Hillsborough expects to be in
position to file the application for a Project Certificate by July of this
year. Mine Permit approval for production of bulk sample tonnage has now also
been received, and Hillsborough is developing plans for a mobile wash plant,
site development and access construction with the objective of producing the
bulk sample later this year.

Hillsborough Resources Limited is a coal mining company that operates the
Quinsam underground thermal coal mine in Campbell River, British Columbia
serving the local and west-coast U.S. cement industry, and the Crossville
underground coal mine in Tennessee serving the regional power utility and
industrial markets. We are also developing substantial metallurgical coal
properties near Tumbler Ridge in the Northeast of British Columbia, as well as
the Bingay Creek metallurgical coal project in the Elk Valley region of
Southeast British Columbia.

David J. Slater, President & Chief Executive Officer

This release may contain forward-looking statements regarding the
Corporation's business or financial condition. All statements in this release,
other than statements of historical facts, that address future production,
reserve potential, exploration drilling, exploitation activities and events or
developments that the Corporation expects are forward-looking statements.
Although the Corporation believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking
statements. Actual results could differ materially from those described in
this news release as a result of factors including but not limited to the
following: adverse exploration or development results; adverse due diligence
findings; re-assessments of corporate or development objectives and
requirements; additional technical developments and considerations; unexpected
increases in the costs of producing coal, changes in international coal or
transportation markets, a rapid change in the value of the Canadian dollar
particularly with respect to the US dollar, a fundamental slow down in the
North American, Asian or worldwide economies; and other factors. Investors are
cautioned that any such statements are not guarantees of future performance
and that actual results or developments may differ materially from those
projected in the forward-looking statements.




FOR FURTHER INFORMATION PLEASE CONTACT:

Hillsborough Resources Limited
David Slater
President & CEO
[phone]
[phone] (FAX)
www.hillsboroughresources.com

(END) Dow Jones Newswires
02-09-06 1047ET