Josephine Mining Corp.

March 28, 2011 18:37 ET

Josephine Mining Corp. Provides General Overview

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 28, 2011) - Josephine Mining Corp. ("JMC" or the "Company") principle focus will be the engineering design, permitting, construction and operation of advanced stage mineral projects, particularly precious metal and copper deposits in North America and abroad. President Robert Russell, P.E. stated, "We are progressing with the development of the Turner Gold and Base Metal Project located on private lands in southwest Oregon. This is a high-grade deposit with an established 43-101 resource which will be permitted and built as a high productivity underground mining project with approximately 1,200 tonnes of production per day."

Environmental engineering and metallurgical studies on the Turner Project were started in 2010 and are on-going with a Preliminary Feasibility Study expected to be completed in Q4, 2011. Diamond drilling and geologic data are planned for Q2 and Q3, 2011. Mr. Ralph Barker, P.E., will be responsible for the engineering and on-site efforts.

Mr. Russell advised, "Our management team has significant expertise and experience in identifying and acquiring advanced stage projects. While we are searching for those substantive advanced stage projects to compliment the Turner Project, we are also pursuing exploration projects."

Mr. Russell has been a senior executive manager and developer of many of the largest mines in the world. He is currently Director and Chairman of the Board of St. Augustine Gold and Copper Limited, a TSX listed company whose focus is the King king project in the Philippines. Mr. Russell was previously founder and CEO of General Moly, Inc. (formerly Idaho General Mines, Inc.) and was General Manager for operations at Nchanga where he revitalized and managed world class mines and plants in Zambia including the operations of ZCCM where as General Manager he managed 10,000 employees. He was responsible for major expansion as Executive VP of PT Freeport Indonesia and VP of Freeport McMoRan Copper and Gold Corp. There he was responsible for building mine, plant, port, community infrastructure and housing developments, while running a 10,000 man operation as a $2 billion capital program. His approach to operations and construction realized 7 million man-hours of operation and construction without lost time, a world mining safety record. The construction was completed on time and under budget. He was also a senior executive for Exxon Minerals Company, a division of Exxon Corporation where he was involved with bringing mineral projects into production in Wyoming and Wisconsin. Mr. Russell was a principle in developing the first environmental laws for mining in consensus with environmental groups for the State of Wisconsin. He is the holder of a number of patents for mining methods.

R. Llee Chapman will fill the position Chief Financial Officer and will be a Director. He is a Licensed CPA in Idaho and Montana. Mr. Chapman's mining experience includes public company CFO level management in positions with Barrick Goldstrike Mines, Apollo Gold Inc., Knight Piesold & Co. and Idaho General Mines (now General Moly, Inc.). He managed accounting controls at Gold Fields Limited – Chimney Creek Mine and Asarco, Inc. Llee has his BS in Accounting from Idaho State University.

In addition to Robert Russell and R. Llee Chapman, Mr. Andrew Russell and Mr. Anthony Dutton complete the board of the Company.

The shares of the Corporation will start trading on March 29, 2011 on the TSX Venture Exchange under the symbol JMC.

For further information about the Company, please refer to the Company's filings on SEDAR (www.sedar.com), particularly the NI 43-101 concerning the Turner Gold property in Josephine County, Oregon, USA.

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events, such as the statements that: (i) This is a high-grade deposit with an established 43-101 resource which will be permitted and built as a high productivity underground mining project with approximately 1,200 tonnes of production per day; and (ii) Diamond drilling and geologic data are planned for Q2 and Q3, 2011. 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 on certain expectations, estimates and assumptions which 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 its 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 Filing Statement of the Company dated October 10, 2010 and available on www.sedar.com.

Neither 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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