Top-Gold AG m.v.K. acquires common shares of J-Pacific Gold Inc.



    BALZERS, Principality of Liechtenstein, Nov. 15 /CNW/ - Top-Gold AG
m.v.K. announces that, through a series of transactions ending on October 31,
2007, it acquired ownership of 4'252'000 common shares ("Common Shares") of
J-Pacific Gold Inc. ("J-Pacific") through OTC transactions and exercise of
warrants representing approximately 6% of the total issued and outstanding
common shares of J-Pacific as of October 31, 2007. As a result of these
transactions, Top-Gold AG m.v.K. held as at October 31, 2007, an aggregate of
11'250'000 common shares of J-Pacific including the Common Shares which
represents approximately 15.87% of all issued and outstanding common shares as
at October 31, 2007.
    These transactions were made for investment purposes and Top-Gold AG
m.v.K. could increase or decrease its investment in J-Pacific depending on
market conditions or any other relevant factor.

    About Top-Gold AG m.v.K.

    Top-Gold AG m.v.K. (Top-Gold) is an investment fund and was incorporated
under the laws of the Principality of Liechtenstein. Top-Gold's investments
are primarily in the Precious Metals sector.
    For more details about Top-Gold and its investments, please visit our
website at www.topgold.li.

    This news release contains forward-looking statements within the meaning
of the "safe harbour" provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to risks and
uncertainties and other factors that may cause Top-Gold's results to differ
materially from expectations. These include risks relating to market
fluctuations, investee performance and other risks. These forward-looking
statements speak only as of the date hereof. Top-Gold disclaims any intent or
obligation to update these forward-looking statements.

    %SEDAR: 00005974E




For further information:

For further information: Investor Relations: Mr. Markus Schnider,
Director, Top-Gold AG m.v.K., Landstrasse 14, 9496 Balzers, Principality of
Liechtenstein

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TOP-GOLD AG M.V.K.

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