Jet Gold Arranges Private Placement

VANCOUVER, June 29, 2012 /CNW/ - JetGold Corp. (TSX-V: JAU) (the "Company") announced today a non-brokered Private Placement consisting of up to 1,250,000 shares of the Corporation (the "Shares") at a price of $0.06 per share for gross proceeds of $75,000. The proceeds of the financing will be used for general working capital.

The Corporation may pay a finder's fee to certain introducing parties in respect of the Private Placement, subject to compliance with applicable securities legislation and TSX Venture policies. The Private Placement is subject to the approval of the TSX Venture Exchange Inc.

JetGold is a Canadian resource exploration company actively developing gold, silver, iron ore, and tellurium mineral resource properties in British Columbia, Canada. The company is currently undertaking exploration of its gold property [Big Hammer] and is intending to undertake a ground exploration program summer 2012 on its iron ore property [Nadina].

Big Hammer         Gold/Silver/Tellurium (Au/Ag/Te) property located 13 km southeast of Terrace
Nadina         Iron ore (Fe) property located in west central BC

JetGold is strategically investing in the Terrace and Smithers region of British Columbia, encouraged by the excellent road access and close proximity to abundant power, water, CN Rail lines, and the deep water container port at Prince Rupert.  The Fairview Terminal at Prince Rupert is an important part of the Government of Canada's "Asia-Pacific Gateway & Corridor Initiative" and the Province of British Columbia's "Pacific Gateway" strategy.

Additional information can be found at:

On behalf of the Board of Directors,

Jet Gold Corp. (TSX.V: JAU)

"Brad J. Moynes"

Brad J. Moynes

President & CEO

SOURCE Jet Gold Corp.

For further information:

Organization Profile

Jet Gold Corp.

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