Jasper Mining Corporation continues to announce high grade molybdenum results from McFarlane property



    Trading Symbol: JSP (TSX-V)

    CALGARY, July 11 /CNW/ - Jasper Mining Corporation (the "Company")
continues to receive high grade molybdenum results from a further four holes
completed as part of its Phase II drill program to evaluate a high grade
molybdenite-bearing quartz veins on the McFarlane property. Results to date
have included molybdenite values up to 3.235 % Mo (5.396% MoS(2)(1)) with
composite intervals exceeding 3 metres. Results greater than 0.1% Mo
(0.167 MoS(2)(1)) are reported below. (Note: an additional 84 samples (in
addition to those reported below) returned Mo values greater than 100 ppm).

    
    -------------------------------------------------------------------------
    Hole Number     From       To      Width(*)    Mo       Mo      MoS(2)(1)
                     (m)       (m)       (m)      (ppm)     (%)       (%)
    -------------------------------------------------------------------------
    MF-08-43(2)     114.97    115.13      0.52    1279.4     0.128     0.213
    -------------------------------------------------------------------------
                    143.12    143.23      0.11    1339.5     0.134     0.223
    -------------------------------------------------------------------------
                    201.97    201.99      0.05      2500     0.250     0.417
    -------------------------------------------------------------------------
    MF-08-46        101.17    101.79      0.62    1032.1     0.103     0.172
    -------------------------------------------------------------------------
                    143.31    143.88      0.57    1691.7     0.169     0.282
    -------------------------------------------------------------------------
                                                (greater  (greater
                                                    than)     than)
                    208.34    208.63      0.29    2000(3)  0.200(3)    0.334
    -------------------------------------------------------------------------
    MF-08-65         11.01     11.14      0.13    1266.8     0.127     0.212
    -------------------------------------------------------------------------
                     18.56     18.90      0.34    1016.3     0.102     0.170
    -------------------------------------------------------------------------
                     73.85     74.13      0.28    1894.1     0.189     0.315
    -------------------------------------------------------------------------
                    156.37    156.54      0.17    1842.6     0.184     0.307
    -------------------------------------------------------------------------
    MF-08-76A(2)    196.33    196.53      0.20    1048.3     0.105     0.175
    -------------------------------------------------------------------------
                    221.15    221.88      0.73    1717.5     0.172     0.287
    -------------------------------------------------------------------------
                    249.31    249.44      0.13    1823.6     0.182     0.304
    -------------------------------------------------------------------------
    (*)The angle between the core axis and veins were all at an inclined
    angle and so widths are not true widths
                 --------------------------

    Core in each the sampled intervals was split, with one half submitted for
    analysis and one half retained for subsequent analysis. The core was
    submitted to Acme Analytical Laboratory Ltd in Vancouver, BC for Group
    1DX analysis. Samples that returned Mo results greater than 2,000 ppm
    were re-submitted for re-analysis. Group 7KP - 0.50 gm analysis was
    utilized for more quantitative determination of high grade Mo results.

    1 - Conversion factor from Mo to MoS(2) is 1.6681.

    2 - Results from bottom portions of holes previously reported

    3 - Initial results exceed upper detection limit of 2000 ppm, results of
        Group 7KP re-analysis to follow
    

    Holes 43 and 46 were drilled 26 m north of Holes 38 to 40 and 68 m south
of Holes 37, 41 and 42 (see News Releases dated May 6, 26 and 29, 2008). These
holes were drilled immediately west of the easternmost adit, with Hole 43
oriented at an azimuth of 143 degrees and Hole 46 at an azimuth of 335 (i.e.
oriented so as to test the Induced Potential (IP) anomaly identified from the
geophysical survey completed earlier this year (see News Release dated January
21, 2008)). Hole 65 was drilled approximately 200 m north of the eastern adit,
approximately 300 m southwest of the veins chip sampled at surface (see News
Release dated Oct. 22, 2007). Hole 76 is one of the most northeasterly holes
drilled and, in part, defines the current northeastern extent of the
mineralized vein system.
    Drill core recovered from the program continues to be evaluated and
sampled, with samples submitted for analysis to Acme Laboratories Ltd in
Vancouver, BC. Quantitative analytical results will continue to be released as
received and evaluated by the Company.
    Jasper management is encouraged with the McFarlane drilling results and
expects to have sufficient information to have an independent resource
evaluation prepared for the property.
    The property is adjacent to and is contiguous with the Company's Lydy
property. Together the Lydy and McFarlane properties comprise a composite
property of 4,259 ha (10,524 acres), encompassing an area 11 km east-west by
4 km north-south. Both the Lydy and McFarlane properties are 100% owned by the
Company with potential for molybdenum plus copperplus/minus gold
mineralization.
    This news release has been prepared by Richard T. Walker, B.Sc., M.Sc.,
P. Geo., the "Qualified Person" under National Instrument 43-101.

    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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