J-PACIFIC ARRANGES FINANCING WITH TOP-GOLD FUND

The Board of Directors of J-Pacific Gold Inc. (the Company") is pleased to announce that the Company has concluded negotiations with Top-Gold AG mkV Fund of Liechtenstein for a private placement of 2,500,000 Units of the Company at a price of $0.40 per Unit for total proceeds of $1,000,000.

The Board of Directors of J-Pacific Gold Inc. (the Company") is pleased to announce that the Company has concluded negotiations with Top-Gold AG mkV Fund of Liechtenstein for a private placement of 2,500,000 Units of the Company at a price of $0.40 per Unit for total proceeds of $1,000,000. Each Unit consists of one common share and one warrant, each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.60 per share for a period of 24 months after the closing of the private placement. The Company will issue warrants as a finders fee, exercisable for a total amount of 150,000 common shares of the Company at an exercise price of $0.60 per common share for a period of 24 months after the closing of the private placement. All securities issued will be subject to a four-month hold period. Proceeds from the financing will be applied to working capital and to advancing the Companys exploration projects.

The private placement is subject to regulatory approval.

On behalf of the Board of Directors,
N. Ferris"
President and CEO

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.