Jet Gold Corp.

Jet Gold Corp.

December 03, 2007 12:19 ET

Jet Gold Acquires Kshish Molybdenum Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2007) - Robert L. Card, President, Jet Gold Corp. (TSX VENTURE:JAU) is pleased to announce that the Company has acquired the Kshish Molybdenum ("Kshish") property near Terrace, British Columbia, Canada. The property is located 15km northeast of the town of Terrace and is serviced by nine kilometres of public road and eight kilometres of logging road. As well the access road to the Kshish property is within one kilometre of the Canadian National rail line. The Kshish property covers an area of 4,082 hectares and ranges in elevation from 400m to 1500m.

The terms of acquisition call for a cash payment of $25,000 and the issue of up to 500,000 common shares over time and bonus of 300,000 shares if the Kshish property goes into production. The agreement is subject to approval by the TSX Venture Exchange.

The core property, 730 hectares, consists of molybdenum geochemical anomalies occurring over approximately five kilometres and a large block of additional claims, 3,352 hectares, staked by Jet Gold in October on the recommendation of Alex Burton, P.Geo. Mr. Burton recommended the staking of this additional ground based on observed conditions as well as anomalous BC Geologic Survey geochemical samples located further to the northwest on Lean-to Mountain.

The Kshish property was discovered in 1966 and sat unnoticed until new logging roads were built into the area which exposed significant amounts of bed rock. Exposures along these roads prompted a review of the 1960's exploration work. This exploration work, undertaken in 1967 and 1968 for Amax Exploration, included 675 geochemical samples. The results of this work were summarized in a non National Instrument 43-101 compliant report titled, "Geological and Geochemical Report on the Mt. Vanarsdoll Property Nar Claims, Gambardella & Allan 1968 ARIS 1661". The report identified two zones of anomalous molybdenum values.

Based on this, Jet Gold is currently planning an exploration program to begin in the first half of 2008 which will include stream sediment sampling for the entire area as well as prospecting and Geologic mapping with a view to establishing diamond drill targets.

A preliminary assessment suggests that the early-stage Kshish Property has geological characteristics similar to the Shan Property, held by BCM Resources, which is located some 12 kilometres to the northeast. Significantly, the Shan and Shan North showings straddle the contact between older Hazelton volcanic rocks and a newer intrusive body. This is the same contact covered by the Kshish Property.

The information contained in this news release has been reviewed and approved by Alex Burton, P.Geo., P.Eng., a qualified person under the definitions established by National Instrument 43-101.

On behalf of the Board of Directors

Jet Gold Corp.

Robert L. Card, President

All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the potential extent of mineralization and reserves, exploration results and future plans and objectives of Jet Gold Corp. These risks and uncertainties include, but are not restricted to, the amount of geological data available, the uncertain reliability of drilling results and geophysical and geological data and the interpretation thereof, and the need for adequate financing for future exploration and development efforts. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

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

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