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Jasper Mining Reports Supply of Higher Grade of Molybdenum

Aug 29 2008

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Jasper Mining Corporation is pleased to announce further high grade molybdenum results from an additional six holes completed as part of its Phase II drill program to evaluate high grade molybdenite-bearing quartz veins on the McFarlane property.

Results to date have included molybdenite values up to 3.235 % Mo (5.396% MoS(2)(1)) with composite intervals exceeding 7.37 metres. Results greater than 0.1% MoS(2)(1) (600 ppm Mo) are reported below. (Note: the minimum cut-off for reporting anomalous results has been lowered from 0.1% Mo to 0.1% MoS(2)). An additional 76 samples (in addition to those reported below) returned Mo values greater than 100 ppm. In addition, quantitative results for high grade samples from Holes 46, 55 and 67 are included below, previously reported as greater than 2,000 ppm.

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