Jasper Mining Corporation Grants Share Options

    Trading Symbol: JSP (TSX-V)

    CALGARY, July 23 /CNW/ - Jasper Mining Corporation (the "Company") has
agreed to grant share options to certain of its directors, officers,
employees, qualified advisers and consultants in the total amount of 1,275,000
common shares at an exercise price of $0.30 per share and having an expiry
date of July 23, 2013, or such earlier expiry date as the Company and
regulatory authorities may approve.

    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 or visit Jasper's website at www.jaspermining.com; Investor
relations inquiries may be directed to Robert Rowell, Telephone (403)
668-4880, email: ir@beaumontcapital.ca

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