Jasper Mining Corporation closes $51,000 private placement

Trading Symbol: TSX-V: JSP

CALGARY, Aug. 2, 2013 /CNW/ - Jasper Mining Corporation ("Jasper") (TSX-V:JSP) is pleased to announce that it has completed a non-brokered private placement, as announced on July 22, 2013, and accordingly has issued 728,574 units at $0.07 per unit; for gross proceeds to the Company of $51,000.  Each unit will consist of 1 common share and ½ common share purchase warrant.  The warrants are at an exercise price of $0.12 and expire July 29, 2015.

The private placement has resulted in the issuance of 728,572 common shares and 364,286 share purchase warrants.  There were 2 subscribers to the private placement.

This was a non arms length issue, at the current market price, to two insiders of Jasper Mining Corporation.

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.

SOURCE: Jasper Mining Corporation

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