To view this news release in PDF form please Click Here

All News Releases and Filing
Please visit www.sedar.com for a complete list of Jasper's news releases.

News Releases
Click on any of the news releases below to view them in PDF:

October 5, 2007:
JASPER MINING CORPORATION ANNOUNCES PRIVATE PLACEMENT TO RAISE UP TO $3,500,000.00 WITH MINERALFIELDS

September 19, 2007:
FINAL SOIL RESULTS FROM ERIE CREEK PROPERTY

August 9, 2007:
PROSPECTING RESULTS FROM McFARLANE PROPERTY

July 12, 2007:
MANAGEMENT DISCUSSION ON LATEST HIGH GRADE MOLYBDENUM RESULTS FROM McFARLANE PROPERTY; 0.889% Mo OVER 7.3 M.

July 4, 2007:
JASPER MINING CORPORATION ANNOUNCES A HIGH GRADE MOLYBDENUM INTERVAL OF 7.3 METRES GRADING 0.889% MOLYBDENUM ON THE McFARLANE PROPERTYK

June 28, 2007:
JASPER MINING CORPORATION ANNOUNCES FURTHER RESULTS; ADDITIONAL DRILLING ON ERIE CREEK

May 28, 2007:
JASPER MINING CORPORATION DRILLS MULTIPLE HOLES CONTAINING MOLYBDENUM, COPPER AND TUNGSTEN AT ERIE CREEK

May 15, 2007:
JASPER MINING CORPORATION MOBILIZES DIAMOND DRILL ONTO McFARLANE PROPERTY

April 27, 2007:
JASPER MINING CORPORATION ANNOUNCES INITIAL RESULTS FROM ERIE CREEK PROPERTY

April 9, 2007:
JASPER MINING CORPORATION - MANAGEMENT DISCUSSION OF
RESULTS FROM 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

March 27, 2007:
JASPER MINING CORPORATION - DIAMOND DRILL RESULTS FROM 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

March 9, 2007:
JASPER MINING CORPORATION ACQUIRES ADDITIONAL TENURES BETWEEN LYDY AND MCFARLANE PROPERTIES

February 16, 2007:
JASPER MINING CORPORATION MOBILIZES ON TO ERIE CREEK PROPERTY

February 9, 2007:
JASPER MINING CORPORATION DISCUSSION OF SOIL RESULTS FROM ERIE CREEK PROPERTY AND THE ADDITION OF 5 MINERAL TENURES

January 23, 2007:
JASPER MINING CORPORATION 2007 UPDATE

December 21, 2006:
JASPER MINING CORP COMPLETES $50,000.00 NON-BROKERED FINANCING

December 14, 2006:
JASPER MINING CORPORATION - MANAGEMENT DISCUSSION ON RESULTS OF 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

December 12, 2006:
JASPER MINING CORPORATION ANNOUNCES COMPLETION
OF 2006 EXPLORATION PROGRAM ON ISINTOK PROPERTY

December 11, 2006:
JASPER MINING CORPORATION TO RAISE $50,000.00 BY WAY OF PRIVATE PLACEMENT

November 29, 2006:
JASPER MINING CORPORATION ANNOUNCES SOIL RESULTS FROM ERIE CREEK PROPERTY

November 10, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

November 1, 2006:
JASPER MINING CORPORATION ACQUIRES ADDITIONAL McFARLANE CELLS

October 25, 2006:
JASPER MINING CORPORATION COMMENCES IP GEOPHYSICAL SURVEY ON ISINTOK PROPERTY

October 18, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS FROM
DIAMOND DRILL PROGRAM ON IRONY PROPERTY

October 17, 2006:
JASPER MINING CORPORATION CONTINUES DIAMOND DRILLING ON ISINTOK PROPERTY

September 29, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL PROGRAM ON SAWYER PROPERTY

September 28, 2006:
JASPER MINING CORPORATION DISCUSSION OF RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

September 26, 2006:
JASPER MINING CORPORATION ANNOUNCES FINAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

September 6, 2006:
JASPER MINING CORPORATION ANNOUNCES AIRBORNE GEOPHYSICAL RESULTS FROM STORM KING PROPERTY

September 5, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL PROGRAM ON SANCA PROPERTY

September 5, 2006:
JASPER MINING CORPORATION COMMENCES DIAMOND DRILL PROGRAM ON IRONY PROPERTY

August 29, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

August 28, 2006:
JASPER MINING CORPORATION ANNOUNCES ADDITIONAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

August 11, 2006:
JASPER MINING CORPORATION ANNOUNCES CORRECTION ON INITIAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

August 10, 2006:
JASPER MINING CORPORATION ANNOUNCES INITIAL RESULTS FROM DRILL PROGRAM ON ISINTOK PROPERTY

August 3, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL SURVEY ON McFARLANE PROPERTY

August 1, 2006:
JASPER MINING CORPORATION ANNOUNCES RESULTS OF AIRBORNE GEOPHYSICAL SURVEY ON LYDY PROPERTY

June 26, 2006:
JASPER MINING CORPORATION ANNOUNCES COMMENCEMENT OF AEROQUEST AIRBORNE GEOPHYSICAL SURVEY ON CRETACEOUS GRANITE PROJECT

June 6, 2006:
JASPER MINING CORPORATION - MANAGEMENT SPECULATION REGARDING RESULTS OF RECENT GEOPHYSICAL SURVEY ON IRONY PROPERTY

June 1, 2006:
JASPER MINING CORPORATION ANNOUNCES COMPLETION OF AIRBORNE SURVEY ON IRONY PROPERTY

May 30, 2006:
JASPER MINING ANNOUNCES MOBILIZATION OF DRILL ONTO MCFARLANE PROPERTY

May 9, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

May 5, 2006:
JASPER MINING CORPORATION ANNOUNCES COMPLETION OF AIRBORNE SURVEY ON PROXIMAL PROPERTY AND ACQUISITION OF ADDITIONAL MINERAL TENURE

April 28, 2006:
JASPER MINING CORPORATION GRANTS SHARE OPTIONS

April 24, 2006:
JASPER MINING CORPORATION ACQUIRES ADDITIONAL ISINTOK CELLS

JASPER MINING CORPORATION
1020, 833 - 4TH AVENUE S.W.
CALGARY, ALBERTA, T2P 3T5
TELEPHONE: (403) 297-9480, FAX: (403) 266-1487

October 22, 2007
Trading Symbol: JSP (TSX-V)
News Release No. 07-164

NEWS RELEASE

JASPER MINING CORPORATION CONFIRMS ADDITIONAL HIGH GRADE MOLYBDENUM RESULTS FROM McFARLANE PROPERTY; 0.064% Mo OVER 3.00 m IN CHIP SAMPLES, 0.82% Mo FROM GRAB SAMPLES IN ADIT

Jasper Mining Corporation (the “Company”) is pleased to announce results from a recently completed sampling program on its McFarlane property. A total of 34 chip samples were taken along a new road cut slightly west of Hole 5 (incorrectly referred to as hole 4 in Press Release dated July 4, 2007). In addition, a total of 5 grab samples were taken along the length of an adit driven approximately 50 m into the host meta-sediments, located west of the 2006 and 2007 drill holes.

Chip samples were recovered from veins exposed on a new road cut to the north west of the projected high grade vein system. Each chip sample represents a 1 metre interval, comprised of chips taken over the entire sample interval and is considered representative of the entire interval. The exposure sampled contained three visible veins, similar to those documented in the 2006 and 2007 drill programs, between 15 and 30 cm thick. The chip sample results document a total of five intervals having molybdenum values in excess of 100 ppm (0.01%). Two relatively thick intervals up to 8 m thick were documented having highly anomalous values. Pertinent results are as follows:

Sample Number From (m) To (m) Width (m) Mo (%)
4 to 11 3 11 8 0.04
Including 3 6 3 0.064
4 5 1 0.108
5 6 1 0.05
8 7 8 1 0.05
11 10 11 1 0.03
17 to 20 16 20 4 0.02
ll 27 28 1 0.01

Continuous chips were taken over each 1.0 m interval. The veins are at an oblique angle to the road cut and, therefore, the samples intervals are not believed to be true widths for the veins. Samples were submitted to Acme Analytical Laboratory Ltd in Vancouver, BC for Group 1DX analysis.

In addition, an old adit was located and sampled coincident with the chip sampling program, interpreted to be one of the two adits reported for the Ben Derby MINFILE occurrence (082FNE125) described as consisting of “... two adits (driven) on steeply dipping 1.2-metre-thick white quartz veins mineralized with molybdenite”. A total of five grab samples were recovered from the roof of the adit for evaluation of molybdenum content. The samples recovered were representative of the mineralization and intimately associated and immediately adjacent sericitic alteration within the host quartz vein. The adit was driven east along a molybdenum-bearing quartz + sericite vein up to 1.2 m thick, located approximately 300 m west-northwest of 2006 Pad 2 (Holes MC-06-03 and 04) and approximately 900 m west-southwest of 2006 Pad 3 (Holes MC-06-05 to 07) and 2007 Hole 5 where Jasper reported a high grade intersection of 7.3 metres grading 0.889% molybdenum. Three of the adit samples returned high grade molybdenum values, as follows:

Sample Mo (%)
HCMF07-Adit 2 0.039
HCMF07-Adit 4 0.817
HCMF07-Adit 5 0.820

Samples were submitted to Acme Analytical Laboratory Ltd in Vancouver, BC for Group 1DX analysis. Samples having in excess of 2000 ppm (0.2%) were re-analyzed using Acme’s Group 7KP package.

Given the information from the 2006 - 07 drill holes, and the orientation of the vein accessed the adit and the veins within the road cut, the high grade molybdenum-bearing veins are interpreted to be oriented essentially east-west, dipping steeply to the south. Management believes potential exists for delineation of a high grade multi-layered molybdenum-bearing vein system, comprised of east striking, south dipping veins.

The Company intends to drill in the near future to evaluate the molybdenum-bearing veins. A Induced Potential (IP) survey is also being considered.

The McFarlane property, located immediately east of Kootenay Lake near the community of Gray Creek, BC, overlies the eastern edge of the Crawford Stock, a Cretaceous intrusion correlated the Bayonne Magmatic Belt. Many of the Cretaceous intrusions of the Bayonne Magmatic Belt are characterized by strong aeromagnetic signatures, either within the intrusion itself or as a halo in the surrounding host rocks, and are associated with anomalous molybdenum mineralization. Crawford Stock is associated with a prominent magnetic anomaly evident on regional geophysical maps. Previous programs have documented narrow intervals of high grade molybdenum.

The property is adjacent to, and is contiguous with, the Company’s Lydy property. Together, the McFarlane and Lydy properties comprise a composite property of 4,259 ha (10,524 acres), encompassing an area 11 km east-west by 4 km north-south. Both the Lydy property (1,201 ha; 2,968 acres) and the McFarlane property (3,058 ha; 7,556 acres) are 100% owned by Jasper with potential for molybdenum plus copper plus/minus gold mineralization.

This Press Release is being issued in accordance with TSX Venture Exchange procedure which requires a Press Release be made that discloses the material details of the private placement.

This press release has been prepared by Richard T. Walker, B.Sc., M .Sc., P. Geo., the “Qualified Person” under National Instrument 43-101.

For further information contact:
Gordon F. Dixon, Q.C., President, Jasper Mining Corporation
Telephone (403) 297-9480, Fax (403) 266-1487,
email: xon@telus.net or visit Jasper’s website at www.jaspermining.com
Investor Relations inquiries may be directed to Robert Rowell, Telephone (403) 668-4880, email: ir@beaumontcapital.ca

- 30 -

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.