J-Pacific Gold Inc.
OTC Bulletin Board : JPNJF

J-Pacific Gold Inc.

November 06, 2006 16:20 ET

J-Pacific Gold Appoints New Director

Strengthens its Growing Management Team

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 6, 2006) - J-Pacific Gold Inc. ("J-Pacific") (TSX VENTURE:JPN)(OTCBB:JPNJF) is pleased to announce the appointment of Martin J. Price to its Board of Directors. A resident of Nevada, Mr. Price brings to J-Pacific over 25 years' experience in mine operations.

Currently, Mr. Price is Vice-President of U.S. Operations for Jipangu International (a wholly owned subsidiary of Jipangu Inc. of Tokyo and J-Pacific's largest shareholder) and General Manager of the Florida Canyon and Standard Mines in Nevada.

In announcing the appointment today, Michael Michaud, President and CEO of J-Pacific, said he welcomes the addition of Mr. Price to the Board: "Given his considerable experience in mining operations, particularly in Nevada, Martin adds new depth and strength to J-Pacific as we move forward with our present and future plans."

"J-Pacific also wishes to express our appreciation to Mr. Manabu Kameda for his services as a Director and wish him the best in his future endeavours," Mr. Michaud said.

J-Pacific has granted incentive options to Mr. Price for the purchase of 150,000 common shares at $0.40 per share and for the purchase of 100,000 common shares at $0.70 per share for 10 years.

J-Pacific is a junior resource company focused on gold exploration and mining in North America. It currently owns the past-producing Blackdome gold mine in British Columbia, where a 4,000-metre drill program is currently under way, and the Elizabeth Project, located approximately 30 kilometres to the south. In addition, J-Pacific has also been actively exploring in Quebec on the Montgolfier Project, located 35 kilometres east of the Casa Berardi Project held by Aurizon, and also on the Callaghan and Golden Trend Projects in Nevada.

On behalf of the Board of Directors,

N. Ferris, Chairman

Statements in this press release, other than statements of historical information, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from those projected or suggested due to certain risks and uncertainties, some of which are described below. Such forward-looking statements include comments regarding the establishment and estimates of mineral reserves (and non-reserve mineralized material), future increases in mineral reserves, the recovery of any mineral reserves, construction cost estimates, construction completion dates, equipment requirements and costs, production, production commencement dates, grade, processing capacity, potential mine life, results of feasibility studies, development, costs and expenditures. Factors that could cause actual results to differ materially include timing of and unexpected events during construction, expansion and start-up; variations in ore grade, tons mined, crushed or milled; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms for equipment, construction, working capital and other purposes; the availability of adequate power and water supplies; the availability of adequate mining equipment; technical, permitting, mining or processing issues; and fluctuations in gold price and costs. There can be no assurance that future developments affecting the Company will be those anticipated by management.

The forecasts contained in this press release constitute management's current estimates, as of the date of this press release, with respect to the matters covered thereby. We expect that these estimates will change as new information is received and that actual results will vary from these estimates, possibly by material amounts. While we may elect to update these estimates at any time, we do not undertake to update any estimate at any particular time or in response to any particular event. Investors and others should not assume that any forecasts in this press release represent management's estimate as of any date other than the date of this press release. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from those projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the past 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.

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

Contact Information

  • J-Pacific Gold Inc.
    Nick Ferris
    J-Pacific Gold Inc.
    Michael Michaud
    President and CEO
    (604) 684-6678 (FAX)
    Email: info@jpgold.com
    Website: www.jpgold.com
    Marston Webb International - Media Inquiries
    Victor Webb
    (212) 684-6601
    Marston Webb International - Media Inquiries
    Madlene Olson
    (212) 684-6601
    (212) 725-4709 (FAX)
    Email: marwebint@cs.com