Jasper Mining Corporation Closes $25,000 Private Placement

Trading Symbol:TSXV:JSP

CALGARY, June 7, 2012 /CNW/ - Jasper Mining Corporation (the "Company")(TSX-V:JSP) is pleased to announce that it has completed a non-brokered private placement, as announced on June 1, 2012, and accordingly has issued 250,000 units of the Company at $0.10 per unit; for gross proceeds to the Company of $25,000.  Each unit will consist of 1 common share and 1/2 common share purchase warrant.  The warrants are at an exercise price of $0.20 and expire June 7, 2014.

The private placement has resulted in the issuance of 250,000 common shares and 125,000 share purchase warrants.  There was 1 subscriber to the private placement.

All of the securities issued pursuant to this private placement are subject to a four month hold period.

This News Release is being issued in accordance with TSX Venture Exchange procedure which requires a News 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 adequacy or accuracy of this release.

Gordon F. Dixon, Q.C., President, Jasper Mining Corporation, Telephone: [phone], Fax: [phone], e-mail: [email protected]