Jipangu Inc.

Jipangu Inc.

January 28, 2008 19:37 ET

Jipangu Inc.: Disposition of Shares of J-Pacific Gold Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2008) - Further to disclosure requirements of applicable securities laws, Jipangu Inc. ("Jipangu") reports that on January 24, 2008, it sold, on a private basis, 12,029,055 common shares (the "Transaction") of J-Pacific Gold Inc. (the "Company"), representing approximately 17% of the issued and outstanding common shares of the Company.

After giving effect to the Transaction, Jipangu holds 3,000,000 common shares of the Company.

The Transaction occurred in the ordinary course of Jipangu's investment activities. Jipangu may or may not purchase or sell securities of the Company in the future on the open market or in private transactions, depending on market conditions and other factors material to the Jipangu's investment decisions.

This press release is issued pursuant to section 176 of the Securities Act (Alberta) and section 111 of the Securities Act (British Columbia), which also require a report to be filed with regulatory authorities in each of the jurisdictions containing additional information with respect to the foregoing matters (the "Early Warning Report"). A copy of the Early Warning Report will appear with the Company's documents on the SEDAR website, at www.sedar.com.

JIPANGU INC.

Kazunori Yoshimura, Director

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