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JAU

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Share Name Share Symbol Market Type
TSXV:JAU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Jet Gold Completes NI 43-101 Compliant Report on Naskeena Coal

23/04/2008 5:26pm

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Jet Gold Corp. (TSXV:JAU)
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VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: JAU), is pleased to report that a National Instrument ("NI") 43-101 compliant technical report has been completed on the Company's Naskeena Coal Project located north of Terrace, BC. The Technical Report, prepared by Brian Simmons, P.Eng., reports on the work done during the summer of 2007 and outlines recommendations for additional work on the property. The complete Report will be available for review on the SEDAR web site at www.sedar.com and on the Company's web site at www.jetgoldcorp.com.

During 2006, the Company carried out initial mapping and map preparation including the acquisition of air reconnaissance and satellite photos and the review of Ministry of Mines Reports for the property and surrounding area. Further work consisted of excavator trenching to expose the outcropping coal beds so that a drilling program could be laid out. During 2007 the Company drilled sixteen vertical NQ diamond drill holes totaling 1215 meters. A total of $270,615 was spent on exploration.

The next phase will consist of drilling to outline open pit mineable beds along with their thickness characteristics and potential open pit mining attributes. In the opinion of the qualified person, "the character of the Naskeena project is sufficient to merit an exploration program costing $550,000". This program would consist primarily of additional drilling to delineate the coal seams. Contingent upon favorable results from the Phase 1 work program, a carefully thought out Phase 2 program would include additional drilling, a bulk coal sample and a NI 43-101 resource/reserve estimate.

Brian Simmons, P.Eng., a qualified person as defined by NI 43-101, prepared the Technical Report.

On behalf of the Board of Directors of Jet Gold Corp.

Robert L. Card, President

This news release was prepared by management of JAU, which takes full responsibility for its contents.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.

Contacts: Jet Gold Corp. Robert L. Card President (604) 687-7828 (604) 687-7848 (FAX) Email: Jetgoldcorp@shaw.ca Website: www.jetgoldcorp.com

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