Jasper Mining Corporation Closes $150,000 Private Placement

    CALGARY, Dec. 6 /CNW/ - Jasper Mining Corporation (TSXV:JSP) is pleased
to announce that it has completed a non-brokered private placement and
accordingly has issued 375,000 flow-through units (the "FT Units") of the
Company at a price of $0.40 per FT Unit for gross proceeds to the Company of
    The sole subscriber to the private placement is John A. Dixon (an officer
and a director) of Jasper. No commission or finders' fees were paid in
connection with this private placement. The participation by insiders in the
private placement is considered to be a "related party transaction" as defined
under Ontario Securities Commission Rule 61-501 (the "Rule"). The transaction
is exempt from the formal valuation and minority shareholder approval
requirements of the Rule as neither the fair market value of the securities
being issued nor the consideration being paid exceeds 25% of Jasper's market
    All of the securities issued pursuant to this private placement are
subject to a four month hold period. The hold period for the 375,000 FT Units
expires on March 22, 2008.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacyor 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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