JET GOLD ANNOUNCES FLOW THROUGH AND NON FLOW THROUGH FINANCING

VANCOUVER, April 27 /CNW/ - Brad J. Moynes, President of Jet Gold Corp. (the "Company" or "Jet Gold") (TSX-V: JAU) wishes to announce that it has arranged a non-brokered private placement of up to 3,000,000 flow-through units ("FT Units") at a price of $0.22 per FT Unit. Each FT Unit shall consist of one flow-through common share and one non-flow-through share purchase warrant with a term of 24 months and an exercise price of $0.25. MineralFields Group proposes to subscribe to the Flow-through unit offering.

In addition, the Company has also negotiated a non-brokered private placement of up to 3,000,000 non flow-through units ("NFT Units") at a price of $0.19 per NFT Unit.  Each NFT Unit shall consist of one common share and one share purchase warrant with a term of 24 months and an exercise price of $0.25.  The total proceeds from the financing are estimated at $1,230,000.

The securities issued pursuant to the private placement will be subject to a four month hold period from the closing date.  The Company may pay finder's fees in connection with the private placement, subject to compliance with the policies of the TSX Venture Exchange ("Exchange"). Completion of the private placement and the payment of any finder's fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the Exchange.

The proceeds of the flow-through financing will be used to conduct exploration on the Company's Big Hammer gold/tellurium property located SE of Terrace, British Columbia and also a work program on the company's Kshish molybdenum property located NE of Terrace.  The Company expects to start the exploration of both properties with an airborne survey over both claim groups in May.

Ground exploration of sampling, geological mapping and trenching is expected to follow on the Big Hammer group.  Exploration work on the Kshish moly property is expected to begin in late June, early July depending on ground conditions.

The non flow-through portion of funds will be added to working capital.

Brad J. Moynes, President of Jet Gold stated, "We are very pleased to be commencing our relationship with MineralFields Group.  This is an important milestone in the growth of Jet Gold and we look forward to working with MineralFields Group as we develop our holdings in the Big Hammer Gold and the Kshish Molybdenum group of properties."

"About MineralFields, Pathway and First Canadian Securities ®"

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com.  First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies.  MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®.

For more information about the Company please visit www.jetgoldcorp.com.

On behalf of the board of directors,
Jet Gold Corp.

"Brad J. Moynes"

Brad J. Moynes
President  & CEO

"Neither 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."

Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

SOURCE Jet Gold Corp.

For further information:

For more information regarding JetGold, please contact:

Brad J. Moynes
Tel: 604.484.5761 x31
info@jetgoldcorp.com

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Jet Gold Corp.

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