J.A.G. Mines Ltd.

J.A.G. Mines Ltd.

March 04, 2015 12:21 ET

J.A.G. Mines Ltd.: Appointment of a New Officer

Granting of Stock Options

MONTREAL, QUEBEC--(Marketwired - March 4, 2015) - J.A.G. MINES LTD ("JAG") (TSX VENTURE:JML) is proud to announce the appointment of Mr. Benoît Salvas as Executive Vice President, Head of Business Development. Mr. Salvas holds a M.Sc. Economics (Finance, Mathematics and Strategy) from the University of Montreal. He has extensive experience in the Financial Market, in management and in trading.

JAG and its subsidiary Olitra hold exploration licenses for oil and natural gas on two properties located in the Lower St. Lawrence and in Lac St-Jean. They offer great potential for the discovery of hydrocarbons. Nearly $4 000 000 have been invested in exploration, this work being directed by Marc R. LaFlèche geologist at the INRS.

"Benoît's first mission is to ensure that activities resume on these properties, particularly in the Lower St. Lawrence, where recent discoveries have been announced" says Mr. Gévry President of JAG.

In connection with his appointment and in accordance with Policy 4.4 of the TSX Venture Exchange, the board granted him 100,000 options to purchase shares under the terms of the Option Plan in force within the Company . These options are issued at a $0.10 exercise price and valid until October 28, 2018.

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

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