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News Releases
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January 23, 2009:
JASPER MINING CORPORATION CLOSES $137,200 PRIVATE PLACEMENT WITH FIRST MERCHANTS CAPITAL INC.

December 18, 2008:
JASPER MINING CORPORATION MINOR CORRECTIONS TO NEWS RELEASE ISSUED DECEMBER 17, 2008

December 17, 2008:
JASPER MINING CORPORATION - FIVE MORE DRILL HOLES HAVING IN EXCESS OF 0.2% COPPER EQUIVALENT, INCLUDING 212.43 M GRADING 0.265% CU.EQ. FROM DIAMOND DRILL PROGRAM ON ISINTOK PROPERTY

December 12, 2008:
JASPER MINING CORPORATION - SIGNIFICANT HIGH GRADE RESULTS FROM DIAMOND DRILL PROGRAM ON ISINTOK PROPERTY

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

January 27, 2009
Trading Symbol: JSP (TSX-V)
News Release No. 08-212

NEWS RELEASE

JASPER MINING CORPORATION REPORTS FURTHER HIGH GRADE MOLYBDENUM RESULTS FROM MCFARLANE PROPERTY

Jasper Mining Corporation (the “Company”) wishes to announce more high grade molybdenum results from a further 5 holes completed on the McFarlane property. Results to date have included molybdenite values up to 3.235 % Mo (5.396% MoS2) with composite intervals exceeding 7.37 metres. Results greater than approximately 0.1% MoS2 (600 ppm Mo) are reported below. (Note: the minimum cut-off for reporting anomalous results has been lowered from 0.1% Mo in earlier reports to 0.1% MoS2). An additional 43 samples (in addition to those reported below) returned Mo values greater than 100 ppm.

Hole
Number
From
(m)
To
(m)
Width*
(m)
Mo
(ppm)
Mo
(%)
MoS21
(%)
MF-08-26 115.25 116.11 0.86 708 0.071 0.118
including 115.50 116.11 0.61 954.4 0.095 0.158
164.71 165.18 0.47 1289.1 0.129 0.215
MF-08-27 57.12 57.26 0.14 791.9 0.079 0.132
59.65 60.44 0.79 958 0.096 0.160
including 59.65 60.09 0.44 1716.4 0.172 0.287
192.26 193.45 1.19 685.7 0.069 0.115
MF-08-28 25.24 25.24 0.30 1381.1 0.138 0.230
32.96 33.25 0.29 8350 0.835 1.393
40.51 40.98 0.47 20400 2.040 3.403
59.87 60.33 0.46 868.8 0.869 1.450
MF-08-29 59.31 59.57 0.26 1185.4 0.118 0.197
192.84 193.58 0.74 606.7 0.061 0.102
MF-08-77 7.91 8.74 0.83 1430.7 0.143 0.238
16.67 17.67 1.00 4370 0.437 0.729
55.20 55.80 0.60 965 0.096 0.160
114.60 115.21 0.61 1056 0.106 0.177
including 114.60 115.00 0.40 1606.5 0.161 0.269
128.31 129.53 1.22 753 0.075 0.125
including 129.06 129.53 0.47 1901.3 0.190 0.317
including 133.70 134.04 0.34 1048.3 0.105 0.175
158.75 159.00 0.25 866.4 0.087 0.145

*The angle between the core axis and veins were all at an inclined angle and so widths are not true widths

Core in each of the sampled intervals was split, with one half submitted for analysis and one half retained for subsequent analysis. Core was submitted to Acme Analytical Laboratory Ltd in Vancouver, BC for Group 1DX analysis. Samples that returned Mo results greater than 2,000 ppm were re-submitted for re-analysis. Group 7KP - 0.50 gm analysis was utilized for more quantitative determination of high grade Mo results.

1 - Conversion factor from Mo to MoS2 is 1.6681.

Holes 26 - 29 were drilled from a single pad in the central portion of the property, approximately midway between the Ben Derby and the eastern adit. Hole 77 was one of the holes drilled in the northeastern portion of the property from a pad located north-northeast of the eastern adit. All holes were collared on existing roads. The holes were all drilled on the same azimuth (140) with varying inclinations, intended to return mineralized intercepts at moderate to high angles to the core axis.

Hole 71 is one of the northernmost holes drilled to date, and was drilled at an inclination of -60. Hole 77 was drilled from the same pad as Hole 75 and 76, (see News Release dated October 28; June 24 and July 11, 2008, respectively).

All holes drilled to date were located within an area approximately 900 m x 400 m oriented northeastsouthwest. The deepest hole (MC-08-67) was 371.95 m in length, placing the end of the hole approximately 276 m below surface, with high grade mineralization documented at a down-hole depth of 345.26 m (see News Release dated June 24, 2008). Mineralization has been confirmed from multiple holes defining the boundaries of this area and, therefore, mineral potential remains open in all directions.

Drill core recovered from the program continues to be evaluated and sampled, with samples submitted for analysis to Acme Laboratories Ltd. in Vancouver, BC. Quantitative analytical results will continue to be released as received and evaluated by the Company.

Jasper has engaged a consulting geologist to prepare a compliant 43-101 report with respect to its McFarlane property.

The McFarlane and Lydy properties are 4,259 ha (10,524 acres), encompassing an area 11 km east-west by 4 km north-south. Both the Lydy and McFarlane properties are 100% owned by the Company with potential for molybdenum plus copper plus/minus gold mineralization.

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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