J-Pacific Intersects 12.38g Au/t over 3.24 metres at the Elizabeth Southwest Gold Vein



    VANCOUVER, Oct. 16 /CNW Telbec/ - J-Pacific Gold Inc. ("J-Pacific"; TSXV
- JPN, OTCBB - JPNJF) reports final assay results from the 1,725 metre
(5,693 foot) core drilling program at its Elizabeth Gold Property, located in
the Lillooet Mining District of British Columbia, approximately 220 kilometres
(135 miles) north of Vancouver.
    Results are detailed from the final 11 holes that tested the Southwest
Vein. Important highlights include:

    
    - Hole E07-48 intersects 12.38 g Au/t (0.36oz Au/t) over 3.24 metres
      (10.7 feet), including a 1.52 metre (5.0 foot) section grading
      20.33 g Au/t (0.59 oz Au/t);

    - Hole E07-44 intersects 10.52 g Au/t over 4.53 metres (0.31 oz Au/t over
      15.0 feet), including a 1.31 metre (4.3 foot) section grading
      9.04g Au/t (0.26 oz Au/t), and a 1.27 metre (4.2 foot) section grading
      24.72 g Au/t (0.72 oz Au/t);

    - Hole E07-42 intersects 10.45g Au/t (0.31oz Au/t) over 4.50 metres
      (14.8 feet), including a 2.00 metre (6.6 foot) section grading
      17.78 g Au/t (0.52 oz Au/t);

    - Hole E07-50 intersects 21.26 g Au/t (0.62 oz Au/t) over
      1.15 metres (3.8 feet).

    In response, John Harrop, P.Geo., J-Pacific's senior geologist, said,
"This year's success was built on the careful work of previous seasons. We
have achieved our goal of identifying vertical and horizontal extensions to
previous intersections. The exploration team is now comparing these results
with the structural data on Elizabeth to further refine future targets."

    Maps illustrating the relative positions of the drill holes from the 2007
program and those of others in previous programs, along with photos, are
posted on the J-Pacific website. The survey data for these holes and the assay
results are presented in the tables below.


    http://files.newswire.ca/357/Carte_Pacific.pdf


    Elizabeth Gold Property 2007 Drill Program
    Assay Results


    -------------------------------------------------------------------------
    Hole ID   UTM_E      UTM_N   Azi-    Dip  Length   Length   Level  Level
                                 muth  (deg-       m     feet       m   feet
                                (deg-  rees)
                                rees)
    -------------------------------------------------------------------------
    E07-38   531422    5654155    090    -65    69.4    229.0   2,429  8,016
    E07-39   531125    5654066    180    -65   217.6    718.1   2,308  7,616
    E07-40   531125    5653745    090    -52   154.5    509.9   2,388  7,880
    E07-41   531220    5653745    149    -52   166.7    550.1   2,388  7,880
    E07-42   531220    5653773    165    -65   122.0    402.6   2,418  7,979
    E07-44   531220    5653773    194    -55   139.3    459.7   2,406  7,940
    E07-45   531220    5653773    180    -62   142.2    469.3   2,406  7,940
    E07-46   531132    5653691    115    -50   111.9    369.3   2,365  7,805
    E07-47   531132    5653691    140    -55   121.0    399.3   2,365  7,805
    E07-48   531108    5653668    146    -50   119.5    394.4   2,344  7,735
    E07-49   531108    5653668    146    -57    44.5    146.9   2,344  7,735
    E07-50   531108    5653668    140    -55   114.6    378.2   2,344  7,735
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    Drill Hole       Interval             Core Width           Assays
                  From (m)    To (m)         m      feet   (g Au/t) (oz Au/t)
    -------------------------------------------------------------------------
    E07-39           77.46     79.01      1.55      5.12      1.57      0.05
    E07-40           35.25     36.50      1.25      4.10      2.12      0.06
          and        81.45     81.95      0.50      1.65      5.62      0.16
          and       150.04    154.94      4.90     16.17      1.51      0.04
    E07-41           88.95     89.70      0.75      2.48      2.25      0.07
    E07-42           74.53     75.35      0.82      2.71      8.09      0.24
          and        76.40     80.90      4.50     14.85     10.45      0.31
    including        78.90     80.90      2.00      6.56     17.78      0.52
    E07-44          117.86    122.39      4.53     14.95     10.52      0.31
    including       117.86    119.17      1.31      4.32      9.04      0.26
                    120.26    121.53      1.27      4.19     24.72      0.72
    E07-45          128.90    130.65      1.75      5.78      3.15      0.09
    E07-46           82.60     83.65      1.05      3.47      2.12      0.06
    E07-47           93.10     94.35      1.25      4.13      3.20      0.09
          and       103.90    105.80      1.90      6.27      2.93      0.09
    E07-48           97.85    101.09      3.24     10.69     12.38      0.36
    including        97.85     99.37      1.52      5.02     20.33      0.59
    E07-50           99.10    100.25      1.15      3.80     21.26      0.62
          and       101.05    103.93      2.88      9.45      3.18      0.09
    -------------------------------------------------------------------------

    (*) Core-length intervals; true widths are approximately 70 to 80 per
        cent of reported core-length intervals. Assays are reported in grams
        / metric tonne and ounces / short ton.

    

    BACKGROUND

    The 2007 drill program comprises 14 holes, totalling 1,725 metres
(5,693 feet). Twelve of the holes successfully reached their intended targets.
The program focused on infill drilling, to connect areas of known
mineralization in the Southwest Zone, with the goal of developing sufficient
new data to support a geological estimate of potential mineral resources.
    The Elizabeth Gold Property is centrally located in prospective terrain
30 kilometres (18 miles) south-southwest of the permitted mill at the        
J-Pacific-owned Blackdome Gold Mine, and 30 kilometres (18 miles)
north-northeast of the historic gold mining town of Bralorne, where over four
million ounces of gold have been produced. The Elizabeth Gold Property's
proximity to J-Pacific's permitted gold mill at the Blackdome Gold Mine means
any eventual production from Elizabeth could be accommodated at the Blackdome
facility, complementary to any future production at Blackdome. The high grades
identified in several veins and its location make the Elizabeth Property an
attractive exploration target that can be rapidly advanced.
    Replicate samples were used during the program to check the
reproducibility of higher values. Analytical work was performed by Acme
Analytical Laboratories Ltd. of Vancouver, Canada, an ISO 9001 certified
company. Assay work was supervised by British Columbia Certified Assayers.
Samples submitted to Acme were dried and crushed to 70 per cent, passing
through a 10 mesh screen (two millimetre or smaller fragments). Splits of
500 grams were taken from this material and pulverized so that 95 per cent of
the material passed through a 150 mesh screen. A 30 gram sample from the fine
fraction was taken for fire assay. The coarse fraction was weighed and all
coarse material used for assay. A weighted average was used to combine the
results to represent the gold content of the 500 gram sample. Intervals
selected for replicate sampling had a second 500 gram split taken from the
initial crush, which was then analyzed by fire assay and screened metallics,
as described previously. Some difference in gold levels is expected, due to
the natural gold variation within the samples. Variation between the
replicates was within expected ranges, and the weighted average of the
combined intervals did not differ significantly.
    Coast Mountain Geological Ltd., a Vancouver-based geological services
consulting company, is undertaking the exploration program under the
supervision of John Harrop, P.Geo., J-Pacific's Senior Geologist and the
qualified person for this project as defined by NI 43-101 regulations, who has
reviewed and approved this news release.
    From time to time, J-Pacific raises exploration funds from the issue of
flow-through shares. This latest drilling program was made possible in part by
flow-through financing arranged with the MineralFields Group.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.


    Statements in this press release, other than statements of historical
information, are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual performance and
results may differ materially from those projected or suggested due to certain
risks and uncertainties, some of which are described below. Such
forward-looking statements include comments regarding the establishment and
estimates of mineral reserves (and non-reserve mineralized material), future
increases in mineral reserves, the recovery of any mineral reserves,
construction cost estimates, construction completion dates, equipment
requirements and costs, production, production commencement dates, grade,
processing capacity, potential mine life, results of feasibility studies,
development, costs and expenditures. Factors that could cause actual results
to differ materially include timing of and unexpected events during
construction, expansion and start-up; variations in ore grade, tonnes mined,
crushed or milled; delay or failure to receive board or government approvals;
timing and availability of external financing on acceptable terms for
equipment, construction, working capital and other purposes; the availability
of adequate power and water supplies; the availability of adequate mining
equipment; technical, permitting, mining or processing issues; and
fluctuations in gold price and costs. There can be no assurance that future
developments affecting the Company will be those anticipated by management.

    The forecasts contained in this press release constitute management's
current estimates, as of the date of this press release, with respect to the
matters covered thereby. We expect that these estimates will change as new
information is received and that actual results will vary from these
estimates, possibly by material amounts. While we may elect to update these
estimates at any time, we do not undertake to update any estimate at any
particular time or in response to any particular event. Investors and others
should not assume that any forecasts in this press release represent
management's estimate as of any date other than the date of this press
release. Additional information concerning certain risks and uncertainties
that could cause actual results to differ materially from those projected or
suggested is contained in the Company's filings with the Securities and
Exchange Commission (SEC) over the past 12 months, copies of which are
available from the SEC or may be obtained upon request from the Company.




For further information:

For further information: For more information, visit www.jpgold.com, or
call or e-mail: Media Inquiries: Victor Webb/Madlene Olson, Marston Webb
International, +1 (212) 684-6601, Fax: +1 (212) 725-4709, marwebint@cs.com; 
Investor Relations: Renmark Financial Communications Inc.:  Neil Murray-Lyon:
nmurraylyon@renmarkfinancial.com; Jen Power: jpower@ renmarkfinancial.com, +1
(514) 939-3989,  Fax: +1 (514) 939-3717,   www.renmarkfinancial.com; J-Pacific
Gold Inc.: +1 (888) 236-5200, Fax: +1  (604) 684-6678, info@jpgold.com

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