Jasper Mining Corporation announces private placement to raise up to $111,000



    Trading Symbol: JSP (TSX-V)

    CALGARY, Sept. 25 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased
to announce a non-brokered private placement of up to $111,000 through the
sale of up to 300,000 flow-through units at $0.37 per unit. Each flow-through
unit will consist of 1 flow-through common share and 1 common share purchase
warrant (with a term of 24 months, and an exercise price of $0.75 in year 1
and $1.00 in year 2). All of the securities issued pursuant to this offering
will have a hold period of four months after the closing date.
    The private placement will result in the issuance of up to 300,000
flow-through common shares and 300,000 share purchase warrants.
    A finders fee of 5% will be payable to the placee.

    This News Release is being issued in accordance with TSX Venture Exchange
procedure which requires a Press Release be made that discloses the material
details of the private placement.

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




For further information:

For further information: Gordon F. Dixon, Q.C., President, Jasper Mining
Corporation, Telephone (403) 297-9480, Fax (403) 266-1487, email:
xon@telus.net; Investor relations inquiries may be directed to Robert Rowell,
Telephone (403) 668-4880, email: ir@beaumontcapital.ca


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