Jasper Announces a Potential Quantity and Grade for the Isintok Mineral Deposit

CALGARY, July 19, 2011 /CNW/ --
Trading Symbol: TSX-V: JSP

www.jaspermining.com

CALGARY, July 19, 2011 /CNW/ - Jasper Mining Corporation ('Jasper')
(TSXV: JSP) is pleased to announce the receipt of a preliminary report
on its Isintok property. The report was prepared by AMC Mining
Consultants (Canada) Ltd. (AMC) of Vancouver, BC and is dated July 14,
2011.

Jasper did not have sufficient data to allow AMC to prepare a compliant
43-101 technical report on the Isintok property. A number of matters
need to be dealt with by Jasper in order for AMC to complete a
compliant report.

The following information has been extracted from the AMC report of July
14, 2011:

'Jasper has drilled 58 holes for 15,507 metres over the period of 2005
through 2008. The programs were supervised by Dynamic Exploration Ltd.
The 2008 drill core was only summary logged at time of drilling. In
2010-2011 the 2008 core was logged, sampled and assayed in its
entirety, by TerraLogic Exploration Inc. (TerraLogic) who also carried
out quality control insertions on the new samples. The drilling
programs used to create the block model are summarized in the Table
below.

 _______________________________________________
|Table 1 Year|No. of Holes|Meterage|  Type |Size|
|____________|____________|________|_______|____|
|      2005  |       4    | 700 m  |Diamond| NQ |
|      2006  |       16   |4,935 m |Diamond| NQ |
|      2008  |       38   |9,872 m |Diamond| NQ |
|____________|____________|________|_______|____|
|   Subtotal |       58   |15,507 m|Diamond| NQ |
|____________|____________|________|_______|____|

The 2008 core was sent to and analyzed at Acme Labs of Vancouver, BC
with blanks, standards and duplicates in the sample stream. AMC
accepted the data as received.

The potential quantity and grade has been determined from the
construction of a block model encompassing the lithologic and assay
data from 56 of the 58 drillholes completed by Jasper. An inverse
distance squared (ID2) block model was populated by a successively
larger 3 stage spherical search with a maximum search of 200 metres
constrained by a lithology wireframe. A copper equivalent value (CuEq)
was determined for each block in the model based on the copper,
molybdenum, gold and silver assays. An estimate was made based on this
value and the results are summarized in the Table below. It should be
noted that this CuEq is a gross value and does not take cognizance of
the metal recoveries and hence real contributions of the additional
metals.

Table - Potential Quantity and Grade of a Mineral Deposit

 _____________________________________________________________________
| Tonnes  | Cu(%) |     Mo(%)  |   Au(g/t)  |   Ag(g/t)  |     CuEq   |
|  (000)  |       |            |            |            |   Average  |
|         |       |            |            |            |    Grade   |
|_________|_______|____________|____________|____________|____________|
|50,000 to|0.08 to|0.01 to 0.02|0.02 to 0.03|0.80 to 1.10|0.20 to 0.30|
| 110,000 | 0.12  |            |            |            |            |
|_________|_______|____________|____________|____________|____________|

Notes 1 The contribution to the CuEq by copper is approximately 40%

      2 The CuEq does not take cognisance of the recoverability of the
        additional metals

The potential quantity and grade in the Table above is conceptual in
nature, there has been insufficient exploration information collected,
documented or utilized to define a mineral resource. It is uncertain if
further exploration will result in the Isintok Deposit being delineated
as a mineral resource.

For consistency with previously reported CuEq values, the formula
contained in the Jasper press release dated March 18, 2011 was used in
the block model with the exception of reporting quantity in metric
tonnes and a modification in the conversion factor from Mo to MoO(3). A validation process was completed to ensure consistent results in the
formulas. It should be noted that this CuEq shown below is a gross
value and does not take cognizance of the metal recoveries and hence
real contributions of the additional metals. The formula also does not
take cognizance of any site costs, refinery, or transportation costs.

CuEq=[[Cu%*22.04* $Cu] [Mo%*22.04*1.50*$MoO(3)] [Ag (g/t)*($Au/31.1035)] [Ag (g/t)*$Ag/31.1035]] / [$Cu*22.04]

The commodity price assumptions were sourced by AMC from the Jasper
press release dated March 18, 2011 and are listed below:

Commodity Price Assumptions

 __________________
|   Cu |  $3.40/lb |
|______|___________|
|MoO(3)| $15.50/lb |
|______|___________|
|   Au |$1275.00/oz|
|______|___________|
|   Ag | $22.00/oz |
|______|___________|

Gordon Dixon, President of Jasper Mining Corporation notes 'Jasper
drillholes on the Isintok property have mineralization 1200 metres
apart north-south, a width of 600 metres east-west and to a depth of
300 metres. The mineralization remains open in all directions and
depth. Jasper News Releases December 22, 2010, March 18, 2011 and April
20, 2011. Accordingly, potential exists for an increased volume of
mineralization.

It may be noted that current metal prices are higher, i.e., Cu $4.35,
MoO(3) $18.00, Au $1550.00, Ag $34.75.'

The Qualified Person for the data in this News Release is Brian
O'Connor, P.Geo. of AMC Mining Consultants (Canada) Ltd. of Vancouver,
BC. The Qualified Person's written consent to this News Release has
been obtained.

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

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Gordon F. Dixon, Q.C., President, Jasper Mining Corporation, Telephone: (403) 297-9483, Fax (403) 266-1487, email: gdixon43@telus.net Investor relations inquiries: (403) 668-4880