J-Pacific Gold Inc.

J-Pacific Gold Inc.

March 04, 2005 12:51 ET

Hydrothermal Gold Systems Indicated at J-Pacific's Golden Trend and HC Projects, Nevada


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: J-PACIFIC GOLD INC.

TSX VENTURE SYMBOL: JPN
OTC Bulletin Board SYMBOL: JPNJF

MARCH 4, 2005 - 12:51 ET

Hydrothermal Gold Systems Indicated at J-Pacific's
Golden Trend and HC Projects, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 4 2005) - J-Pacific
Gold Inc. (J-Pacific) (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to
announce the results of the drilling program that commenced in October
2004 on the Golden Trend and HC properties, which are located along
Nevada's productive Battle Mountain - Eureka Trend.

The preliminary drilling program at Golden Trend consisted of two holes:
diamond drill hole GT04-1 was completed at 2000 feet (610 metres), and
GT04-2, a reverse circulation hole, was terminated at 1140 feet (347
metres) before reaching its target horizon because of poor drilling
conditions. These holes were drilled to test targets with coincident
geochemical anomalies and structural traps, which occur in favourable
geological settings for hosting mineralization analogous to Placer
Dome's Cortez Hills discovery less than 10 miles (16 kilometres) to the
north.

Both drill holes cut significant intervals of hydrothermal alteration
associated with anomalous intersections up to 80 ppb gold, and
pathfinder elements including mercury (to 1020 ppm) and zinc (to 4020
ppm), which correlated well with the gold content. Zinc is particularly
indicative of Cortez Hills-style mineralization - the target type at
Golden Trend. The geochemical signature was the same in both holes,
although the values in GT04-1 were somewhat higher overall.

The HC property is interpreted to be geologically analogous to the Rain
deposit of Nevada's prolific Carlin Trend. Here the target is gold
mineralization hosted by the Woodruff, Webb and Devil's Gate formations
associated with steeply dipping faults and silicification. The drilling
targets were developed from the results of geologic mapping and soil
geochemistry, but because of unfavourable late season weather conditions
and permitting restrictions, it was not possible to access the most
highest priority drill targets.

The reverse circulation hole HC04-1 penetrated hydrothermally altered
calcareous siltstones and quartzites of the Woodruff Formation, ending
at 1467 feet (447 metres). Alteration was primarily silicification, but
iron-rich dolomite veining was present locally. Geochemically, HC04-1
was very encouraging, with strongly anomalous gold values up to 234 ppb.
Also strongly anomalous were mercury, arsenic, molybdenum and zinc,
which correlated well with the distribution of gold, and which are
indicators of the targeted Rain-style mineralization.

Planning and permitting for the 2005 exploration program is in progress
for both the Golden Trend and HC projects, based on the positive results
from the 2004 season and on the promising geological environments.

Exploration at the Golden Trend and HC Projects is being funded by
Jipangu Inc. of Tokyo Japan and managed by J-Pacific as a part of an
option and joint venture agreement. Jipangu Inc. is the controlling
shareholder of J-Pacific, and the companies have two directors in common.

Shaddrick and Associates of Reno, Nevada was retained to provide
consulting services for the exploration and Mr. David R. Shaddrick,
C.P.G., P. Geo. and Mr. Dana Durgin, C.P.G., qualified persons as
defined by National Instrument 43-101, directly supervised the work.

On behalf of the Board of Directors,

N. Ferris, President and CEO


-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    J-Pacific Gold Inc.
    Mr. Nick Ferris, President and CEO
    Investor Relations
    (604) 684-6677 or 1-888-236-5200
    (604) 684-6678 (FAX)
    ir@jpgold.com
    www.jpgold.com
    The TSX Venture Exchange has neither approved nor disapproved the
    information contained herein.