Jasper Mining Corp. completes $367,500 non-brokered financing

    Trading Symbol: JSP (TSX-V)

    CALGARY, March 4 /CNW/ - Jasper Mining Corporation (the "Company") has
completed the non-brokered private placement financing announced on February
25, 2008 to raise $367,500 through the sale of 1,050,000 units, each unit
consisting of a common share and a one-half share purchase warrant. The
financing was placed with accredited investors. The 1,050,000 common shares
and any shares acquired on exercise of the warrants are subject to a four
month hold period. The share purchase warrants permit the purchase of 525,000
shares at an exercise price of $0.50 per share until September 3, 2009.
    In addition to a cash fee of $18,375, the Company has also issued
finder's share purchase warrants to purchase 105,000 shares at an exercise
price of $0.35 per share until March 3, 2010.
    The TSX Venture Exchange's final acceptance bulletin is expected in the
ordinary course.

    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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