Jasper Mining Corporation to raise $133,000

    CALGARY, March 7 /CNW/ - Jasper Mining Corporation announces a brokered
private placement of 380,000 Units, priced at $0.35 per unit, for a total
amount of $133,000. Each unit will consist of 1 common share and one-half
common share purchase warrant. Two half warrants entitling the holder to
purchase one common share at an exercise price of $0.50 per share on or before
the date that is 18 months from the closing date.
    The private placement will result in the issuance of 380,000 common
shares and 190,000 share purchase warrants.
    This Press Release is being issued in accordance with TSX Venture
Exchange procedure which requires a Press Release be made that discloses the
material details of the private placement.

    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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