Jetcom Inc.
TSX VENTURE : JTM
FRANKFURT : YGH

Jetcom Inc.

June 14, 2007 08:00 ET

Jetcom Grand Calumet Property Update

TORONTO, ONTARIO--(Marketwire - June 14, 2007) - Jetcom Inc. (TSX VENTURE:JTM)(FRANKFURT:YGH), is pleased to report that one of Jetcom's claims has been referred to in a Technical Report NI 43-101 filed on SEDAR for Hawk Uranium Inc.

This report was certified by Jean Lafleur M. Sc., P.Geo. on June 8, 2007. Mr. Lafleur refers to one of Jetcom's claims on page 31 - Grand Calumet Township Range VI, Lot 28, optioned by Jetcom "Discovered in 1953; uranium-thorium-flourine-apatite bearing skarn trending NW and NE; mineralization located along fractures in veinlets; values up to 4% U3O8 and 20% ThO2 (Diamond Drill Hole-RG-080)". Jetcom's claims are immediately adjoining Hawk Uranium's claims on the east border. At present Hawk has an option on the old Calumet Contact deposits. Jetcom is following up to determine which company carried out drilling in 1953 and if more reports are available.

About Jetcom Inc.:

Jetcom is a holding company with a proposed transaction for uranium exploration properties through its wholly owned subsidiary Yellowcake Resources Inc. whereby the Company has been granted an option to purchase a 100% interest in 23 uranium claims totaling 3100 acres in the Campbell's Bay area of Quebec. It also signed an option agreement to acquire 6 mining claims in the Lac a David, Saguenay area of Quebec located in the township of Dumas. The Company has been granted the exclusive and irrevocable option to purchase a 100% interest in the claims. Both deals are subject to Exchange approval. It also has interests in satellite programming and telehealth technology. More information can be found on the SEDAR website at www.sedar.com and www.yellowcakeresources.com.

The Company is continuing to work with the TSX Venture Exchange regarding its submission pursuant to Policy 5.2. Completion of the transaction is subject to a number of conditions, including Exchange acceptance and disinterested Shareholder approval. The transaction cannot close until the required Shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Management Information Circular or Filing Statement to be prepared in connection with the transaction, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon. Trading in the securities of Jetcom Inc. should be considered highly speculative.

Jetcom Inc. has 38,765,971 outstanding common shares.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Jetcom Inc.
    Rich Kaiser
    Investor relations
    1-800-631-8127
    or
    Jetcom Inc.
    A. G. Dragone
    President
    (416) 447-4884
    (416) 447-8868 (FAX)