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News Releases
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December 9, 2008:
JASPER MINING CORPORATION - SIGNIFICANT HIGH GRADE RESULTS FROM DIAMOND DRILL PROGRAM ON ISINTOK PROPERTY

November 19, 2008:
JASPER MINING CORPORATION - FURTHER HIGH GRADE RESULTS FROM 2008 DIAMOND DRILL PROGRAM ON ISINTOK PROPERTY

November 13, 2008:
JASPER MINING CORPORATION ANNOUNCES AN AMENDMENT TO PRIVATE PLACEMENT TO RAISE UP TO $2,500,000 BY THE ISSUANCE OF FLOWTHROUGH SHARES

November 4, 2008:
JASPER MINING CORPORATION CLOSES $37,000 PRIVATE PLACEMENT

November 3, 2008:
JASPER MINING CORPORATION - FURTHER HIGH GRADE RESULTS FROM DIAMOND DRILL PROGRAM ON ISINTOK PROPERTY

October 28, 2008:
JASPER MINING CORPORATION MORE HIGH GRADE MOLYBDENUM RESULTS FROM MCFARLANE PROPERTY

October 27, 2008:
JASPER MINING CORPORATION ANNOUNCES PRIVATE PLACEMENT TO RAISE UP TO $2,500,000 BY THE ISSUANCE OF FLOW-THROUGH SHARES

October 20, 2008:
JASPER MINING CORPORATION ANNOUNCES FURTHER HIGH GRADE MOLYBDENUM RESULTS FROM MCFARLANE PROPERTY

October 15, 2008:
JASPER MINING CORPORATION
REPORTS DISCOVERY HOLE FROM ISINTOK PROPERTY 94.67 M GRADING 0.086% CU AND 0.015% MO (0.026% MOS2)

September 29, 2008:
JASPER MINING CORPORATION CLOSES $1,179,040 PRIVATE PLACEMENT WITH ANACORT CAPITAL INC.

September 29, 2008:
JASPER MINING CORPORATION MORE HIGH GRADE RESULTS FROM ISINTOK PROPERTY

September 25, 2008:
JASPER MINING CORPORATION ANNOUNCES PRIVATE PLACEMENT TO RAISE UP TO $111,000

September 4, 2008:
JASPER MINING CORPORATION - INITIAL DRILL RESULTS FROM 2008 EXPLORATION PROGRAM ON ISINTOK PROPERTY

September 2, 2008:
JASPER MINING CORPORATION AMENDS EXPIRATION DATE OF SHARE OPTION GRANTS

August 28, 2008:
JASPER MINING CORPORATION ANNOUNCES FURTHER HIGH GRADE MOLYBDENUM AND TUNGSTEN RESULTS FROM MCFARLANE PROPERTY

August 21, 2008:
JASPER MINING CORPORATION ANNOUNCES PRIVATE PLACEMENT TO RAISE UP TO $1,200,000 WITH ANACORT CAPITAL INC.

July 23, 2008:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

July 11, 2008:
JASPER MINING CORPORATION CONTINUES TO ANNOUNCE HIGH GRADE MOLYBDENUM RESULTS FROM MCFARLANE PROPERTY

July 8, 2008:
JASPER MINING CORPORATION ANNOUNCES PRIVATE PLACEMENT TO RAISE UP TO $2,600,000.00 WITH MINERALFIELDS

July 2, 2008:
JASPER MINING CORPORATION COMMENCES 2008 EXPLORATION PROGRAM ON ISINTOK PROPERTY

June 24, 2008:
JASPER MINING CORPORATION ANNOUNCES FURTHER HIGH GRADE MOLYBDENUM RESULTS FROM THREE MORE HOLES ON MCFARLANE PROPERTY

June 20, 2008:
JASPER MINING CORPORATION - MANAGEMENT DISCUSSION OF RESULTS TO DATE ON MCFARLANE PROPERTY

May 29, 2008:
JASPER MINING CORPORATION ANNOUNCES FURTHER HIGH GRADE MOLYBDENUM RESULTS FROM FOUR MORE HOLES ON MCFARLANE
PROPERTY

May 26, 2008:
JASPER MINING CORPORATION ANNOUNCES FURTHER HIGH GRADE ANALYTICAL RESULTS FROM MCFARLANE PROPERTY

May 6, 2008:
JASPER MINING CORPORATION ANNOUNCES FURTHER HIGH GRADE ANALYTICAL RESULTS FROM MCFARLANE PROPERTY AND SOME CORRECTIONS TO THE PRESS RELEASE OF MAY 2, 2008

May 2, 2008:
JASPER MINING CORPORATION ANNOUNCES HIGH GRADE ANALYTICAL RESULTS FROM DRILL PROGRAM ON MCFARLANE PROPERTY

April 11, 2008:
JASPER MINING CORP. COMPLETES $21,000 NON-BROKERED FINANCING

April 8, 2008:
JASPER MINING CORPORATION UPDATE FOR DRILL PROGRAM ON MCFARLANE PROPERTY

April 4, 2008:
JASPER MINING CORP. COMPLETES $133,000 NON-BROKERED FINANCING

April 2, 2008:
JASPER MINING CORPORATION TO RAISE AN ADDITIONAL $21,000

March 12, 2008:
JASPER MINING CORPORATION UPDATE FOR DRILL PROGRAM ON MCFARLANE PROPERTY

March 7, 2008:
JASPER MINING CORPORATION TO RAISE $133,000

March 4, 2008:
JASPER MINING CORP. COMPLETES $367,500 NON-BROKERED FINANCING

Febuary 25, 2008:
JASPER MINING CORPORATION TO RAISE $367,500

January 21, 2008:
JASPER MINING CORPORATION INITIATES IP GEOPHYSICAL PROGRAM
AND FURTHER DRILLING ON MCFARLANE PROPERTY

December 19, 2007:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

December 11, 2007:
JASPER MINING CORPORATION CONTINUES DRILL PROGRAM ON MCFARLANE PROPERTY

December 6, 2007:
JASPER MINING CORPORATION CLOSES $150,000 PRIVATE PLACEMENT

November 19, 2007:
JASPER MINING CORPORATION COMMENCES FOLLOW-UP DRILL PROGRAM ON MCFARLANE PROPERTY

November 5, 2007:
JASPER MINING CORPORATION CLOSES $700,000 PRIVATE PLACEMENT WITH MINERALFIELDS GROUP

October 26, 2007:
JASPER MINING CORPORATION CLOSES $2,800,000 PRIVATE PLACEMENT WITH MINERALFIELDS GROUP

October 25, 2007:
JASPER MINING CORPORATION ANNOUNCES FOLLOW-UP EXPLORATION PROGRAM FOR MCFARLANE PROPERTY

October 5, 2007:
JASPER MINING CORPORATION ANNOUNCES PRIVATE PLACEMENT TO RAISE UP TO $3,500,000.00 WITH MINERALFIELDS

September 19, 2007:
FINAL SOIL RESULTS FROM ERIE CREEK PROPERTY

August 9, 2007:
PROSPECTING RESULTS FROM McFARLANE PROPERTY

July 12, 2007:
MANAGEMENT DISCUSSION ON LATEST HIGH GRADE MOLYBDENUM RESULTS FROM McFARLANE PROPERTY; 0.889% Mo OVER 7.3 M.

July 4, 2007:
JASPER MINING CORPORATION ANNOUNCES A HIGH GRADE MOLYBDENUM INTERVAL OF 7.3 METRES GRADING 0.889% MOLYBDENUM ON THE McFARLANE PROPERTYK

June 28, 2007:
JASPER MINING CORPORATION ANNOUNCES FURTHER RESULTS; ADDITIONAL DRILLING ON ERIE CREEK

May 28, 2007:
JASPER MINING CORPORATION DRILLS MULTIPLE HOLES CONTAINING MOLYBDENUM, COPPER AND TUNGSTEN AT ERIE CREEK

May 15, 2007:
JASPER MINING CORPORATION MOBILIZES DIAMOND DRILL ONTO McFARLANE PROPERTY

April 27, 2007:
JASPER MINING CORPORATION ANNOUNCES INITIAL RESULTS FROM ERIE CREEK PROPERTY

April 9, 2007:
JASPER MINING CORPORATION - MANAGEMENT DISCUSSION OF
RESULTS FROM 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

March 27, 2007:
JASPER MINING CORPORATION - DIAMOND DRILL RESULTS FROM 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

March 9, 2007:
JASPER MINING CORPORATION ACQUIRES ADDITIONAL TENURES BETWEEN LYDY AND MCFARLANE PROPERTIES

February 16, 2007:
JASPER MINING CORPORATION MOBILIZES ON TO ERIE CREEK PROPERTY

February 9, 2007:
JASPER MINING CORPORATION DISCUSSION OF SOIL RESULTS FROM ERIE CREEK PROPERTY AND THE ADDITION OF 5 MINERAL TENURES

January 23, 2007:
JASPER MINING CORPORATION 2007 UPDATE

December 21, 2006:
JASPER MINING CORP COMPLETES $50,000.00 NON-BROKERED FINANCING

December 14, 2006:
JASPER MINING CORPORATION - MANAGEMENT DISCUSSION ON RESULTS OF 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

December 12, 2006:
JASPER MINING CORPORATION ANNOUNCES COMPLETION
OF 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

December 11, 2006:
JASPER MINING CORPORATION TO RAISE $50,000.00 BY WAY OF PRIVATE PLACEMENT

November 29, 2006:
JASPER MINING CORPORATION ANNOUNCES SOIL RESULTS FROM ERIE CREEK PROPERTY

November 10, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

November 1, 2006:
JASPER MINING CORPORATION ACQUIRES ADDITIONAL McFARLANE CELLS

October 25, 2006:
JASPER MINING CORPORATION COMMENCES IP GEOPHYSICAL SURVEY ON ISINTOK PROPERTY

October 18, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS FROM
DIAMOND DRILL PROGRAM ON IRONY PROPERTY

October 17, 2006:
JASPER MINING CORPORATION CONTINUES DIAMOND DRILLING ON ISINTOK PROPERTY

September 29, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL PROGRAM ON SAWYER PROPERTY

September 28, 2006:
JASPER MINING CORPORATION DISCUSSION OF RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

September 26, 2006:
JASPER MINING CORPORATION ANNOUNCES FINAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

September 6, 2006:
JASPER MINING CORPORATION ANNOUNCES AIRBORNE GEOPHYSICAL RESULTS FROM STORM KING PROPERTY

September 5, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL PROGRAM ON SANCA PROPERTY

September 5, 2006:
JASPER MINING CORPORATION COMMENCES DIAMOND DRILL PROGRAM ON IRONY PROPERTY

August 29, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

August 28, 2006:
JASPER MINING CORPORATION ANNOUNCES ADDITIONAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

August 11, 2006:
JASPER MINING CORPORATION ANNOUNCES CORRECTION ON INITIAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

August 10, 2006:
JASPER MINING CORPORATION ANNOUNCES INITIAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

August 3, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL SURVEY ON McFARLANE PROPERTY

August 1, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL SURVEY ON LYDY PROPERTY

June 26, 2006:
JASPER MINING CORPORATION ANNOUNCES COMMENCEMENT OF AEROQUEST AIRBORNE GEOPHYSICAL SURVEY ON CRETACEOUS GRANITE PROJECT

June 6, 2006:
JASPER MINING CORPORATION - MANAGEMENT SPECULATION REGARDING RESULTS OF RECENT GEOPHYSICAL SURVEY ON IRONY PROPERTY

June 1, 2006:
JASPER MINING CORPORATION ANNOUNCES COMPLETION OF AIRBORNE SURVEY ON IRONY PROPERTY

May 30, 2006:
JASPER MINING ANNOUNCES MOBILIZATION OF DRILL ONTO MCFARLANE PROPERTY

May 9, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

May 5, 2006:
JASPER MINING CORPORATION ANNOUNCES COMPLETION OF AIRBORNE SURVEY ON PROXIMAL PROPERTY AND ACQUISITION OF ADDITIONAL MINERAL TENURE

April 28, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

April 24, 2006:
JASPER MINING CORPORATION ACQUIRES ADDITIONAL ISINTOK CELLS

JASPER MINING CORPORATION
1020, 833 - 4TH AVENUE S.W.
CALGARY, ALBERTA, T2P 3T5
TELEPHONE: (403) 297-9480, FAX: (403) 266-1487

December 12, 2008
Trading Symbol: JSP (TSX-V)
News Release No. 08-208

NEWS RELEASE

JASPER MINING CORPORATION - SIGNIFICANT HIGH GRADE RESULTS FROM DIAMOND DRILL PROGRAM ON ISINTOK PROPERTY

Jasper Mining Corporation (the “Company”) has reviewed metal prices used for the purposes of a copper equivalency (“Cu. EQ.”) calculation. To date, prices from the September 8 - 14, 2008 issue of The Northern Miner were utilized, however, the prices of both copper and molybdenum have since fallen markedly. The Company chose to continue using those metal prices in subsequent News Releases so as to allow direct comparison between holes. Use of metal prices from September 8 - 14 did not allow for direct, qualitative comparison between Jasper’s Isintok property and other Cu + Mo +/- Ag +/- Au projects our shareholders might be following. Therefore, Jasper management has reviewed pertinent metal prices and decided to revise the metal prices used in the Cu. EQ. calculation to reflect current prices. Note: the resulting copper equivalency is, essentially, a
qualitative number in that it is not based on metallurgical studies and does not address metal recovery and a host of other considerations.

Therefore, the revised CU. EQ. calculation utilizes approximate commodity prices estimated as of Dec. 10, 2008, assumes 100% recovery for all metals and, as a result, the resulting values are presented herein solely for discussion and comparative purposes.

On the basis of this recalculation, the Company is re-releasing Cu. EQ. results for several of the holes. Note: the Company continues to work toward complete sampling from top to bottom of each hole. As a result, many of the holes tabulated below (IS-08- 18, 20, 25B, 26, 34 and 39) have additional analytical results pending and are anticipated to return Cu. EQ. values in excess of the 0.2% minimum cut-off over a significant portion, if not the entirety, of the hole.

Analytical results for these previously released holes, as well as results for the remaining 28 holes currently being processed, will be released as received. The remainder of the holes pending release were all completed on the west side of the joint surface soil / IP anomaly and are, therefore, at a moderate to high angle to the interpreted controlling structures and are, therefore, expected to return similarly relatively high grade results.

Revised Cu. EQ. results for Holes IS-08- 18, 20, 25B, 26, 34 and 39 are presented below:

Hole
Number
From
(m)
To
(m)
Width
(m)
Cu. EQ.1
(%)
IS-08-18 5.18 69.36 65.08 0.730
96.62 113.18 16.56 0.864
IS-08-19 48.44 126.70 78.26 0.527
IS-08-20 25.78 57.82 32.04 0.282
93.87 105.46 11.59 0.464
IS-08-25B 165.72 189.59 23.87 0.258
174.94 189.59 14.65 0.228
212.11 232.58 20.47 0.457
IS-08-26 45.11 69.49 24.38 0.137
78.64 87.78 9.14 2.859
115.67 142.64 27.50 0.159
144.21 273.70 129.49 0.272
IS-08-30 5.18 112.03 106.85 0.161
IS-08-34 14.87 37.78 22.91 0.572
147.64 242.31 94.67 0.273
IS-08-36 17.63 193.49 175.87 0.411
IS-08-34 2.65 101.56 98.91 0.419
163.60 278.16 114.56 0.489

1 - The equation used to calculate the copper equivalent is as follows:

Cu. EQ (%) = ((Cu(%)*20* $Cu) + ((Mo%*20*1.5*$MoO3)) + ((Ag*($Ag/34.2857)) + (Au*($Au/34.2857))) ÷ (20*$Cu)

where $Cu = $1.70/lb, $MoO3 = $12.00/lb, Ag = $10.00/oz and Au = $808.00/oz. Note: The resulting Cu. EQ. value assumes 100% recovery of all metals.

Management is very encouraged by continued high grade (Cu +/- Mo) results from the majority of drill results released to date from those holes completed in 2008 to test the coincident IP - soil anomaly. Management is unreservedly encouraged by continued results returned from the 2008 field program, confirming high grade, copper +/- molybdenum +/- silver +/- gold +/- tungsten subsurface mineralization spatially coincident with, and underlying, surface soil and IP survey results.

The 2008 drill program has been completed, however, further analytical results will be reported as received.

This news release has been prepared by Richard T. Walker, B.Sc., M.Sc., P. Geo., the “Qualified Person” under National Instrument 43-101.

For further information contact:
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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