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JMC

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Share Name Share Symbol Market Type
TSXV:JMC TSX Venture Common Stock
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Josephine Mining Corp.: Massive Sulfide Intercepts at Turner Gold Project

04/06/2011 12:22am

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Robert L. Russell, President and CEO of Josephine Mining Corp. (TSX VENTURE: JMC) ("Josephine" or the "Company") is pleased to announce that the Company has intercepted zones of sulfide mineralization as part of the Company's current in-fill drill program (see press release dated May 10, 2011). "With our drilling permits in-hand and the drill turning, we have intercepted two zones of sulfides in the first drill hole. We eagerly await further drill hole data and initial assays results."

Subsequent to receiving an exploration permit from the State of Oregon the Company is nearing completion of the first of a planned 12-hole drill program. This initial 1,200 ft diamond drill hole (TJM-69) has intercepted two significant layers of massive sulfides starting at a depth of 256 ft. The intercept extends through 709 ft of depth, representing over 450 ft of massive and semi-massive sulfide which is likely connected to the layer zone denoted in the Company's NI 43-101 report on the property (see www.sedar.com) as the MUZ - Main Upper Zone. Additionally, the drilling results show an intercept of the sulfides in the lower layer (MLZ-Main Lower Zone) at 960 ft and the drilling is currently in sulfides at the time of this release. The geological team is currently logging, splitting and prepping the core for assay and mill testing. The massive sulfide mineralization has been visually identified as pyrite, sphalerite and chalcopyrite, with assays to commence shortly. Results will be published in future press releases.

The intended goal of the drill program is to improve the classification of a portion of the mineral resource, as well as increase the total resource tonnage. The mineral resource is a Cyprus-type ophiolite-hosted volcanogenic massive sulfide (VMS) gold, copper & zinc deposit. Investors may look forward to further updates on the Turner Gold Project as management remains committed to maximizing shareholder value through a focused development and acquisition plan.

The Term Volcanogenic Massive Sulfides (VMS) implies mineralization which has a high content of sulfide minerals including pyrite and other iron sulfide minerals as well as base metal sulfides such as copper, zinc and lead sulfides. The term VMS implies active mineralization, but does not imply that ore grade will be indicated in final assays.

Michael Strickler of LithioLogic Resources, LLC, a "Qualified Person" as defined in NI 43-101, has reviewed this press release.

For further information about the Company, please refer to the Company's filings on SEDAR (www.sedar.com), particularly the NI43-101 concerning the Turner Gold Project in Josephine County, Oregon, USA.

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events, such as the statements that: (i) Diamond drilling is continuing. (ii) Assay results are expected. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements such as the current economic conditions and the state of mineral exploration and mineral prices in general. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no guarantee that its goals and objectives detailed above will be accomplished, in part or at all.

These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks Factors" section in the Filing Statement of the Company dated October 10, 2010 and available on www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Josephine Mining Corp. Robert Russell President & Director (509) 343-3193 (509) 343-3194 (FAX) info@josephinemining.com www.josephinemining.com

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