Josephine Mining Corp.
TSX VENTURE : JMC

Josephine Mining Corp.

April 26, 2012 13:06 ET

Josephine Mining Corp. Announces Progress on the Turner Gold Project

SPOKANE, WASHINGTON--(Marketwire - April 26, 2012) - Josephine Mining Corp. (TSX VENTURE:JMC) (the "Company" or "JMC") announces progress on the Turner Gold project in southwestern Oregon, and an update on the program going forward at Turner for Q2 to Q4 2012. The Company has been working diligently for the past year to prepare for permit applications, further delineate the mineral resource, and optimize plans for mining the Turner Gold resource. Eleven core holes totaling approximately 12,000 feet of diamond drilling provided infill information to be included in the next iteration of the resource block model. It was also used as a source of new data for geotechnical evaluations currently in progress and provided sample material for metallurgical testing. Assays from core intercepts in the new holes were commensurate with those collected in multiple prior programs. Details of the new drilling are included in prior press releases that may be found on the JMC website: www.josephinemining.com.

JMC intends to change the mining method from Avoca, as proposed in the 2010 PEA, to post-pillar cut-and-fill. Both methods are dependent upon backfilling of the underground mining void to maintain high levels of stability. Both methods provide adequate support of the surrounding ground, but post-pillar is much more flexible, allowing more selective recovery of the ore body, a factor which should reduce dilution and optimize the recovered ore grade. CEO Robert L. Russell said, "Our staff has been successful in employing the post-pillar method in a number of mines in the US and abroad, and with good resource recovery and low dilution. The method leaves little ground unsupported, and where employed, has provided the safest possible working conditions."

The Turner project program has also concentrated upon consolidation of the Company's land position, resulting in a tripling of acreage, all of which remains on private ground. JMC is focused on making the final $1.35 million payment to General Moly to complete the purchase of the Turner property.

The new drilling results have provided additional information that will be used in refining our understanding of the Turner mineralization. Work has commenced on an updated resource block model and on a geo-technical evaluation. Additional metallurgical test work will be initiated shortly, using samples collected during the 2011 drilling program. Environmental work continues in support of ongoing permitting efforts. JMC will incorporate the results of this work into a pre-feasibility study on the Turner project. The study is expected to be completed during the first quarter of 2013.

Disclaimer for Forward-Looking Information

This news release contains projections and forward-looking information that involve various risks and uncertainties regarding future events, such as the statements regarding mineralization and assay results. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

These forward-looking statements reflect management's current views and are based upon certain expectations, estimates and assumptions that may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, such as the current economic conditions and the state of mineral exploration and mineral prices in general. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no guarantee that the goals and objectives detailed above will be accomplished, in part or at all.

These forward-looking statements are made as of the date of this news release and, except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements. Additional information about these and other assumptions, risks and uncertainties are set out in the "Risks Factors" section in the Annual Information Form of the Company dated April 2, 2012 and available on www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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