New President for JAG subsidiary

Charles Alexander takes over as President of Olitra Inc., prepares firm for strategic growth

("JML") TSX Venture Exchange

MONTREAL, Nov. 8, 2011 /CNW Telbec/ - JAG MINES ("JAG") (TSXV: JML) is pleased to announce the naming of Charles Alexander, BSc. Eng., MBA, as President of its oil and gas subsidiary, Olitra Inc.  Mr. Alexander has been a member of Olitra's board of directors for the past 14 months.

"I am very excited to be at the helm of this growth opportunity, Olitra possesses tremendous potential for all stakeholders - from the Quebec regions in which we operate to the shareholders who support us in our exploration activities. Ultimately, our conventional natural gas discoveries will allow Quebec-based industries to better compete, reducing Quebec's dependency on imported, more expensive hydrocarbons."

Mr. Alexander goes on to say, "Natural gas will play a critical role in reducing global green house gas emissions and driving future economic growth. I want Quebec to be at the fore-front of these opportunities - with Olitra as a key partner".

Prior to being named Olitra's President, Mr. Alexander held senior management positions at the steel joist manufacturer CANAM, the private equity firm XLCAP Investments, Nstein Technologies as VP Sales and Marketing, and with IronHorse as President and CEO. Mr. Alexander began his career working as a Civil Engineer for MONENCO and TQM pipelines Ltd, followed by Canadian National and Export Development Corporation on large energy projects in Canada and the Middle East.

Board of Directors

Pierre Gévry, President of les mines J.A.G. and Olitra's Chairman of the Board, is also pleased to announce the appointment of Mr. François LeComte to the Olitra board. Mr. LeComte is a member of the Quebec Bar, teaches environmental law at the University Centre formation environment at the University of Sherbrooke. He also acts as consultant in environmental skills development for large companies and as a business analysis in the banking sector.

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.

SOURCE Les Mines J.A.G. Ltée

For further information:

Pierre Gévry, President
Tel: 514-849-7336
Fax: 514-849-9260
  Charles Alexander, President of Olitra 
Tel:  514-849-0495
Fax:  514-849-9260


Profil de l'entreprise

Les Mines J.A.G. Ltée

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