JASPER MINING CORPORATION REPORTS HIGH GRADE VALUES ON HOLES 18 THROUGH 54 ON
THE ISINTOK PROPERTY

CALGARY, Dec. 21 /CNW/ - Jasper Mining Corporation (the "Company") has received additional assay results from Diamond Drill Holes ("DDH") IS-08-18 to IS-08-54 inclusive from its 100% owned Isintok property.  The property comprises 3,007 ha (7,430 acres or approximately 11.6 square miles), covering the drainage divide between McNulty and Isintok Creeks.  The property is located west of the Okanagan Valley in south-central British Columbia, approximately 30 km west of Penticton and 20 km north of Hedley.

A total of 54 drill holes have been completed by the Company on the property to date, with 38 completed as part of the Company's 2008 exploration program.  The objective of the 2008 drill program was to evaluate the sub-surface, porphyry style mineralization corresponding to coincident surface soil and Induced Potential (geophysical ) anomalies.

Core in each of the sampled intervals was split, with one half submitted for analysis and one half retained for subsequent analysis.  The core was submitted to Acme Analytical Laboratory Ltd. in Vancouver, BC for Group 1DX analysis.  Samples returning in excess of 10,000 ppm Copper (Cu) were re-submitted for Group 7AR analysis.  Samples that returned Molybdenum (Mo) results greater than 2,000 ppm were re-submitted for Group 7KP.

The analytical results and tables in this news release were prepared by the Company's consultants, TerraLogic Exploration Inc. of Cranbrook, B.C. and the assays by Acme Labs of Vancouver, BC.

Management wishes to emphasize that although the project is currently being evaluated as a Copper-Molybdenum porphyry deposit, numerous very high grade molybdenum intercepts have been documented, with single sample intervals to 4.985% Mo (8.315% MoS₂) over 0.32 m and composite intervals grading 0.055% Mo (0.092% MoS₂) over 44.58 m.  Local high grade values for silver (40.30 g/t over 1.18 m), gold (2.591 g/t over 1.18 m) and tungsten (0.25% over 1.12 m) have also been documented.

Isintok Intersections - 2008 DDH Program

The following table is a compilation of high grade analytical results for copper, molybdenum, gold, and silver for the 2008 Isintok DDH program.  Intervals were selected based cutoffs of >3.0m length @ >0.1% Cu, and a dilution width of 20m.

Hole Number		From (m)	To (m)	Length (m)	Cu %	Mo %	Au g/t	Ag g/t	CuEq %
IS08-17		83.41	89.21	5.80	0.119	0.008	0.01	0.33	0.177
IS08-18		22.65	25.93	3.28	0.133	0.005	0.04	1.11	0.197
IS08-18		50.76	70.05	19.29	1.163	0.093	0.16	5.44	1.927
	including	56.99	67.12	10.13	2.105	0.163	0.28	9.63	3.449
IS08-18		96.62	119.25	22.63	0.370	0.028	0.09	2.81	0.628
IS08-18		113.15	119.25	6.10	0.305	0.006	0.05	2.55	0.390
	including	113.15	116.20	3.05	0.462	0.009	0.07	3.89	0.600
IS08-18		146.01	159.46	13.45	0.141	0.009	0.04	2.05	0.242
IS08-19		49.26	52.51	3.25	0.238	0.021	0.08	1.46	0.434
IS08-19		58.29	107.59	49.30	0.200	0.020	0.05	1.36	0.372
	including	69.19	72.23	3.04	0.628	0.078	0.19	6.50	1.316
IS08-19		116.42	122.52	6.10	0.123	0.001	0.00	0.66	0.139
IS08-19		256.06	259.46	3.40	0.135	0.020	0.01	1.02	0.283
IS08-20		3.63	8.13	4.50	0.166	0.002	0.11	4.23	0.275
IS08-20		27.14	33.89	6.75	0.130	0.001	0.05	1.76	0.183
IS08-20		44.35	48.16	3.81	0.185	0.090	0.03	2.27	0.835
IS08-20		57.30	62.32	5.02	0.112	0.001	0.03	0.65	0.139
IS08-20		93.87	101.49	7.62	0.121	0.016	0.01	0.50	0.245
IS08-20		204.41	211.52	7.11	0.423	0.002	0.11	5.57	0.547
IS08-21		19.16	23.88	4.72	0.120	0.003	0.01	2.39	0.172
IS08-21		111.09	121.42	10.33	0.118	0.131	0.04	1.98	1.045
IS08-21		282.84	290.49	7.65	0.170	0.011	0.02	1.46	0.273
IS08-21		311.26	318.90	7.64	0.121	0.013	0.47	2.35	0.469
IS08-22		55.09	72.79	17.70	0.159	0.041	0.08	2.49	0.499
IS08-22		142.64	153.53	10.89	0.234	0.009	0.00	0.67	0.305
IS08-22		165.49	174.98	9.49	0.154	0.064	0.03	2.03	0.623
IS08-22		284.49	289.10	4.61	0.108	0.016	0.02	1.07	0.238
IS08-23		20.45	31.41	10.96	0.226	0.017	0.06	4.25	0.409
IS08-23		47.78	54.96	7.18	0.164	0.014	0.03	2.07	0.292
IS08-23		70.51	74.30	3.79	0.354	0.001	0.06	1.68	0.405
IS08-24		34.43	38.50	4.07	0.442	0.018	0.16	9.01	0.735
IS08-25B		7.01	12.86	5.85	0.120	0.001	0.05	2.19	0.171
IS08-25B		167.75	187.65	19.90	0.153	0.013	0.03	1.07	0.262
IS08-25B		230.45	233.99	3.54	0.335	0.159	0.10	2.43	1.493

Hole Number		From (m)	To (m)	Length (m)	Cu %	Mo %	Au g/t	Ag g/t	CuEq %
IS08-26		45.73	54.25	8.52	0.170	0.010	0.02	0.55	0.249
IS08-26		81.24	90.80	9.56	0.499	0.206	0.12	2.39	1.986
IS08-26		124.36	127.40	3.04	0.105	0.017	0.02	1.00	0.246
IS08-26		152.48	203.60	51.12	0.166	0.020	0.05	1.68	0.343
IS08-26		247.94	273.70	25.76	0.149	0.003	0.03	1.47	0.199
IS08-26		224.93	235.57	10.64	0.123	0.021	0.02	0.98	0.285
IS08-27		115.30	121.96	6.66	0.221	0.031	0.02	1.53	0.355
IS08-27		94.97	121.96	26.99	0.157	0.026	0.02	1.21	0.454
IS08-28		79.89	93.70	13.81	0.187	0.021	0.03	1.49	0.361
IS08-29		15.39	22.36	6.97	0.213	0.166	0.04	1.89	1.381
IS08-29		35.04	41.16	6.12	0.188	0.054	0.03	1.71	0.590
IS08-29		93.50	98.75	5.25	0.096	0.030	0.00	1.68	0.321
IS08-30		12.80	23.47	10.67	0.107	0.007	0.03	0.96	0.175
IS08-30		33.63	43.30	9.67	0.149	0.007	0.01	1.23	0.214
IS08-30		61.05	64.39	3.34	0.107	0.005	0.01	0.48	0.149
IS08-30		76.70	81.38	4.68	0.164	0.002	0.01	1.08	0.197
IS08-31		17.98	21.03	3.05	0.121	0.034	0.02	1.47	0.381
IS08-32		12.99	20.18	7.19	0.140	0.005	0.02	0.93	0.194
IS08-32		28.56	37.36	8.80	0.339	0.102	0.08	3.94	1.110
IS08-32		84.75	90.65	5.90	0.155	0.009	0.01	1.17	0.234
IS08-32		168.03	175.16	7.13	0.112	0.007	0.01	0.79	0.170
IS08-32		195.78	208.74	12.96	0.107	0.003	0.03	0.90	0.151
IS08-33		66.32	70.28	3.96	0.106	0.128	0.03	1.12	0.476
IS08-33		216.44	219.46	3.02	0.110	0.018	0.01	1.20	0.252
IS08-34		16.09	19.51	3.42	0.309	0.023	0.11	2.32	0.543
IS08-34		29.36	36.87	7.51	0.211	0.102	0.04	1.96	0.946
IS08-34		90.98	94.39	3.41	0.114	0.007	0.05	2.06	0.207
IS08-34		172.25	200.85	28.60	0.147	0.029	0.04	1.16	0.373
	including	182.56	200.85	18.29	0.174	0.035	0.04	1.36	0.445
	including	193.21	200.85	7.64	0.202	0.035	0.05	1.85	0.482
IS08-34		213.73	229.40	15.67	0.118	0.018	0.02	1.14	0.262
IS08-36		14.48	36.58	22.10	0.113	0.028	0.02	0.90	0.320
IS08-36		59.01	64.04	5.03	0.540	0.548	0.31	6.65	4.491
IS08-36		127.47	152.67	25.20	0.136	0.020	0.02	0.73	0.287
IS08-37		16.50	21.00	4.50	0.149	0.016	0.02	2.00	0.287
IS08-37		79.50	85.50	6.00	0.101	0.252	0.02	3.33	1.859

Hole Number		From (m)	To (m)	Length (m)	Cu %	Mo %	Au g/t	Ag g/t	CuEq %
IS08-38		23.25	82.64	59.39	0.368	0.081	0.05	2.20	0.961
	including	52.83	57.96	5.13	1.061	0.152	0.12	6.22	2.217
	including	61.73	68.42	6.69	1.065	0.369	0.07	5.12	3.661
IS08-39		2.65	45.27	42.62	0.284	0.007	0.05	1.63	0.374
IS08-39		58.52	66.44	7.92	0.189	0.007	0.01	1.26	0.254
IS08-39		69.49	96.50	27.01	0.291	0.039	0.07	2.30	0.610
	including	80.35	91.58	11.23	0.514	0.068	0.06	3.44	1.040
IS08-39		159.04	175.09	16.05	0.221	0.182	0.05	2.07	1.505
IS08-39		179.34	184.41	5.07	0.117	0.016	0.01	0.36	0.236
IS08-39		220.90	225.80	4.90	0.109	0.025	0.01	0.32	0.291
IS08-39		240.61	245.55	4.94	0.156	0.003	0.01	1.04	0.195
IS08-39		264.66	268.02	3.36	0.206	0.082	0.03	3.42	0.814
IS08-40		58.02	88.34	30.32	0.136	0.052	0.03	1.54	0.521
IS08-41		3.05	30.20	27.15	0.190	0.015	0.02	1.27	0.314
	including	15.15	19.73	4.58	0.512	0.037	0.05	3.22	0.817
IS08-41		57.52	71.41	13.89	0.149	0.020	0.06	2.49	0.341
IS08-42		10.87	14.80	3.93	0.171	0.007	0.02	0.57	0.234
IS08-42		19.75	25.09	5.34	0.176	0.038	0.04	1.76	0.469
IS08-42		35.00	47.37	12.37	0.159	0.009	0.04	1.72	0.259
IS08-42		64.60	79.48	14.88	0.180	0.014	0.03	1.55	0.306
IS08-42		86.91	90.61	3.70	0.320	0.008	0.03	2.57	0.414
IS08-42		110.31	122.38	12.07	0.159	0.002	0.02	0.68	0.186
IS08-43		5.19	43.57	38.38	0.149	0.006	0.02	1.08	0.211
IS08-43		54.42	74.89	20.47	0.321	0.005	0.05	2.11	0.401
IS08-43		67.34	73.29	5.95	0.371	0.008	0.03	2.73	0.463
IS08-43		78.75	96.97	18.22	0.137	0.021	0.02	0.95	0.301
IS08-44		4.40	10.67	6.27	0.134	0.011	0.04	0.82	0.233
IS08-44		18.36	47.62	29.26	0.158	0.002	0.03	1.52	0.200
IS08-44		41.29	47.62	6.33	0.360	0.003	0.09	4.13	0.466
IS08-44		64.76	102.04	37.28	0.135	0.007	0.05	0.97	0.218
IS08-44		130.74	145.89	15.15	0.104	0.046	0.02	1.18	0.438
IS08-44		200.90	271.55	70.65	0.027	0.067	0.01	0.49	0.497
	including	200.90	208.47	7.57	0.148	0.039	0.04	2.63	0.454
IS08-44		304.68	310.41	5.73	0.149	0.011	0.07	2.12	0.278
IS08-45		12.56	31.16	18.60	0.123	0.005	0.02	0.90	0.174
	including	23.27	26.41	3.14	0.299	0.007	0.03	1.55	0.374
IS08-45		49.32	75.13	25.81	0.234	0.016	0.03	2.57	0.400
	including	63.62	67.03	3.41	0.628	0.026	0.14	4.62	0.922
IS08-45		84.75	111.26	26.51	0.264	0.019	0.06	3.18	0.456
	including	104.53	109.39	4.86	0.610	0.072	0.09	5.68	1.201
IS08-45		120.83	165.68	44.85	0.166	0.020	0.02	1.34	0.323
	including	141.63	147.99	6.36	0.470	0.021	0.01	2.88	0.650
IS08-45		196.13	199.47	3.34	0.124	0.001	0.02	1.95	0.164

Hole Number		From (m)	To (m)	Length (m)	Cu %	Mo %	Au g/t	Ag g/t	CuEq %
IS08-45		242.16	255.07	12.91	0.211	0.231	0.21	2.66	1.920
	including	243.73	246.99	3.26	0.556	0.887	0.80	7.59	7.069
IS08-45		316.88	323.76	6.88	0.167	0.004	0.01	0.88	0.205
IS08-46		26.39	35.09	8.70	0.121	0.007	0.02	0.66	0.185
IS08-46		55.02	73.96	18.94	0.701	0.062	0.03	3.09	1.166
IS08-47		37.49	40.55	3.06	0.367	0.013	0.05	4.67	0.526
IS08-47		90.06	165.44	75.38	0.210	0.014	0.06	1.61	0.352
	including	103.30	108.30	5.00	0.587	0.038	0.09	3.83	0.930
	including	151.88	165.44	13.56	0.399	0.043	0.22	3.79	0.840
	including	151.88	156.74	4.86	0.867	0.083	0.56	6.76	1.779
IS08-47		176.00	198.29	22.29	0.139	0.014	0.02	1.43	0.262
IS08-47		202.61	211.27	8.66	0.145	0.043	0.04	1.74	0.475
IS08-47		302.05	326.87	24.82	0.205	0.014	0.02	1.00	0.318
	including	302.05	309.25	7.20	0.492	0.000	0.05	2.31	0.542
IS08-48		29.13	38.18	9.05	0.100	0.004	0.05	1.10	0.160
IS08-48		65.11	71.11	6.00	0.123	0.010	0.02	1.09	0.207
IS08-48		86.18	98.12	11.94	0.110	0.006	0.01	1.17	0.166
IS08-48		138.62	159.47	20.85	0.193	0.018	0.07	2.68	0.375
	including	138.62	143.10	4.48	0.505	0.009	0.12	6.01	0.682
IS08-48		171.90	174.95	3.05	0.172	0.005	0.06	3.05	0.264
IS08-48		191.69	222.35	30.66	0.121	0.012	0.03	1.36	0.229
IS08-48		235.85	258.35	22.5	0.191	0.035	0.08	3.63	0.509
	including	246.35	250.85	4.50	0.450	0.129	0.19	9.07	1.513
IS08-48		333.35	337.85	4.50	0.134	0.014	0.03	1.53	0.261
IS08-49		12.21	15.27	3.06	0.113	0.002	0.01	0.80	0.140
IS08-49		48.50	52.81	4.31	0.251	0.004	0.07	3.75	0.352
IS08-49		99.31	106.80	7.49	0.171	0.019	0.03	1.87	0.332
IS08-49		145.94	151.96	6.02	0.296	0.003	0.08	5.08	0.405
IS08-50		29.45	101.60	72.15	0.222	0.024	0.05	2.38	0.436
	including	66.95	91.02	24.07	0.367	0.063	0.06	3.34	0.855
	including	86.45	89.85	3.40	0.909	0.093	0.07	4.41	1.616
IS08-50		107.60	116.60	9.00	0.167	0.073	0.02	1.25	0.683
IS08-50		133.10	165.10	32.00	0.207	0.012	0.03	1.24	0.315
	including	133.10	137.60	4.50	0.335	0.016	0.10	2.87	0.524
	including	140.60	145.10	4.50	0.543	0.029	0.04	2.93	0.791
IS08-50		192.10	198.10	6.00	0.119	0.014	0.02	1.60	0.243
IS08-50		207.10	220.60	13.50	0.208	0.063	0.05	1.97	0.684
IS08-50		328.60	333.10	4.50	0.123	0.018	0.01	0.37	0.255
IS08-50		352.60	369.10	16.50	0.135	0.010	0.04	0.66	0.228
	including	364.60	369.10	4.50	0.350	0.008	0.12	1.77	0.484

Hole Number		From (m)	To (m)	Length (m)	Cu %	Mo %	Au g/t	Ag g/t	CuEq %
IS08-51		3.30	7.80	4.50	0.114	0.001	0.06	1.97	0.169
IS08-51		58.80	63.30	4.50	0.147	0.001	0.26	3.00	0.314
IS08-51		72.30	76.80	4.50	0.139	0.018	0.10	2.40	0.332
IS08-51		88.80	118.80	30.00	0.136	0.026	0.03	2.12	0.349
IS08-51		159.30	171.30	12.00	0.033	0.020	0.01	0.41	0.177
IS08-52		60.30	64.83	4.53	0.230	0.036	0.07	2.90	0.539
IS08-52		117.80	139.07	21.27	0.172	0.015	0.04	2.20	0.315
IS08-52		172.43	193.62	21.19	0.177	0.037	0.04	1.70	0.465
IS08-52		207.16	212.86	5.70	0.133	0.049	0.02	1.71	0.493
IS08-53		5.16	21.58	16.42	0.267	0.034	0.04	3.35	0.550
IS08-53		27.98	40.04	12.06	0.132	0.003	0.02	1.74	0.179
IS08-53		44.64	49.00	4.36	0.150	0.066	0.06	1.48	0.644
IS08-53		56.41	74.91	18.50	0.118	0.064	0.04	1.20	0.584
IS08-54		4.42	25.10	20.68	0.227	0.031	0.04	2.60	0.483
	including	10.32	13.94	3.62	0.454	0.088	0.06	5.09	1.129
	including	18.93	23.95	5.02	0.308	0.037	0.07	3.48	0.631
IS08-54		70.73	84.43	13.70	0.138	0.003	0.02	1.55	0.182
IS08-54		107.26	116.87	9.61	0.161	0.027	0.04	1.79	0.379
IS08-54		124.25	136.24	11.99	0.145	0.027	0.03	1.36	0.360
IS08-54		146.85	184.05	35.40	0.176	0.029	0.05	2.36	0.420
	including	178.91	184.05	5.14	0.475	0.055	0.10	7.72	0.976

Where: 

CuEq = [[Cu% * 20 * $Cu] + [ Mo% * 20 * 1.67 * $Mo] + [Au(g/t) * ($Au/34.29)] + [Ag(g/t) * $Ag/34.29]]  /  [$Cu * 20]

And:

$Au = $1275/oz, $Ag = $22.00/oz, $Cu = $3.40/lb, $MoO₂ = $15.50/lb

*Vein intersections are all inclined to core axis, therefore lengths of mineralized intervals are apparent thicknesses only.

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.

Management wishes to emphasize:

• There are many high grade copper +/- molybdenum +/- silver +/- gold +/- tungsten sample intervals in the majority of the Diamond Drill Holes completed with hundreds of analytical results exceeding 0.2% copper and/or 0.03% molybdenum.
• Highly anomalous gold, silver and/or tungsten values have been documented over hundreds of intervals over multiple holes and are considered worthy of further evaluation, particularly with respect to silver and, to a lesser degree, tungsten.
• Mineralization occurs in all 54 diamond drill holes on the Isintok property.  The deposit size from drill holes measure 1200 meters north-south and 600 meters east-west and 300 meters from surface to depth.
• The Isintok deposit remains open in all directions including to depth.

See the Jasper website for a map of the Isintok drill holes.

The DDH drilled during 2005, 2006 and the DDH drilled during 2008 and reported on in earlier news releases and the assays contained in this news release confirm high grade, copper +/- molybdenum +/- silver +/- gold +/- tungsten in the Isintok deposit.  Jasper's management is very encouraged with the results to date.

Jasper is of the opinion that it now has sufficient data to instruct consultants to proceed with the preparation of a compliant report on the Isintok deposit that could measure overall grade and tonnage.  This work will start in early 2011.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For further information:

G. F. Dixon, Q.C., President, Jasper Mining Corporation, Telephone: [phone], Fax: [phone] email: [email protected] or visit Jasper's website at www.jaspermining.com