EANS-News: Jet Gold options Zinc Bay property

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Company Information

Vancouver, BC (euro adhoc) - Brad J. Moynes, President of Jet Gold
Corp. ("Jet Gold" or the "Company") (TSX-V: JAU) is pleased to
announce that the Company has signed an option agreement with
Guardsmen Resources Inc. to acquire up to a 75% interest in the Zinc
Bay property located in northwestern British Columbia. A 50% interest
in the Zinc Bay property will be acquired upon Jet Gold having
expended $5,000,000 in work expenditures on the property within 5
years. After Jet Gold acquires its 50% interest in the Zinc Bay
property, an additional 25% interest may be acquired upon the Company
paying the costs required to bring the property into commercial
production.

The Zinc Bay property totals 5,413 hectares and is located 29
kilometers south of the operating Huckleberry Mine which is 50% owned
by Imperial Metals Corporation (TSX: III). Directly to the west is
the Deer Horn property which is optioned by Deer Horn Metals (TSX.V:
DHM). Zinc Bay is surrounded by and on trend in an extremely
economical mining region.

In addition, the Company has entered into a program management
agreement with Mountainside Exploration Management Inc. The Company
has planned a summer/fall 2011 work program that will include
airborne geophysics, mapping and ground exploration. The specific
target is a potentially high impact location; the previously
identified Roosevelt Vein. In 2009, rock samples taken on behalf of
Guardsmen Resources by Inspectorate, Richmond, BC provided above
normal detection thresholds for these elements: 670.1, 1302.8 ppm
silver, 15770, 16082 ppm lead, 100462, 40019 ppm zinc and 11.24%
iron. The Company will have a National Instrument 43-101 technical
report prepared in accordance with TSX Venture Exchange ("TSXV")
policy.

Mr. Brad Moynes, President of Jet Gold stated, "We are excited about
the optioning of this impressive British Columbia property and
believe that it may have the potential to become an exceptional asset
for our Jet Gold shareholders and investment partners."

This transaction is subject to TSX.V approval.

About Zinc Bay: The Zinc Bay property comprises 5,413 hectares of
mineral tenure and is located on the south shore of Whitesail Lake,
29 kilometers south of the Huckleberry Mine, in west central British
Columbia. Access to the permanent camp is gained by barge and a 3km
access road from the shores of Whitesail Lake. The earliest recorded
work at Zinc Bay was carried out in 1916 on the Mentor, Sunset and
Cariboo group of claims along the south shore of Whitesail Lake. The
exploration went underground along a shear zone mineralized with
galena, sphalerite, pyrite and chalcopyrite with high zinc values. In
1945 a sample was taken by S. Holland (BC Department of Mines) that
assayed 0.29oz/t gold, 17.9 oz/t silver, 14.3% lead and 15.8% zinc.
Guardsmen Resources repeated similar results over a true width of 6.0
feet in 1999. The Company believes that at this location, the vein
hosted shear not only demonstrates spectacular poly-metallic grades
at mineable widths, it also appears that an offset splay is
responsible for the extraordinary geochemical response that remains
untested by drilling or trenching. Additional chip samples by
Guardsmen Resources, in a 2005 report, returned the following: 174,
175, 302, and 1530 g/t Ag, Au ranging from 7.49 to 13.87 ppm and one
sample returned 1.25% Cu, lead values were 2.17%, 2.21%, 3.52%, and
20.6%. Zinc values returned from three samples were 6.26%, 10.1% and
13.9%. The above mentioned samples (taken by Guardsmen President,
Scott Gifford), are non NI 43-101 compliant.

About Jet Gold: Jet Gold Corp. is a Canadian resource exploration
company focused on the development of Gold, Silver, and other
industrial metal properties in British Columbia, Canada. Our
exceptional stature is based on the aggressive but prudent and
insightful exploitation of its unique precious metals' holdings - the
Big Hammer, Kshish and Zinc Bay properties. Big Hammer Gold is a
gold-silver-tellurium (Au-Ag-Te) discovery located 13 kilometers
southeast of Terrace, BC. The Kshish is a molybdenum (Mo) property
located 15 kilometers northeast of Terrace, BC and covers an area of
4,082 hectares, ranging in elevation from 400 metres to 1,500 metres.
The Company recently optioned the Zinc Bay property in northwestern,
BC and is anticipating, through a planned summer/fall 2011 work
program, to begin to provide technical information indicating that a
potential world class, high-grade gold, silver and zinc deposit
exists. The Company has made the strategic decision to invest in
British Columbia, Canada, specifically the Terrace and Smithers
mining districts where road access, power and water supply is
abundant and the proximity to the Fairview Terminal deep water
container port in Prince Rupert is unprecedented. The Prince Rupert
port is an important part of the Government of Canada's "Asia-Pacific
Gateway and Corridor Initiative" and the Province of British
Columbia's "Pacific Gateway" strategy.

For more information about the Company, please visit
www.jetgoldcorp.com or

On behalf of the board of directors,
Jet Gold Corp.

"Brad J. Moynes"

Brad J. Moynes
President & CEO

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

Statements containing forward-looking information express, as at the
date of this news release, the Company's plans, estimates, forecasts,
projections, expectations, or beliefs as to future events or results
and are believed to be reasonable based on information currently
available to the Company.

Forward-looking statements and information are based on assumptions
that financing and personnel will be available when required and on
reasonable terms, and all necessary regulatory approvals and
shareholder approval will be obtained, none of which are assured and
are subject to a number of other risks and uncertainties

There can be no assurance that forward-looking statements will prove
to be accurate. Actual results and future events could differ
materially from those anticipated in such statements. Readers should
not place undue reliance on forward-looking information.

Further inquiry note:
Brad J. Moynes
Tel: 604.484.5761 x31
info@jetgoldcorp.com

end of announcement euro adhoc
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company: Jet Gold Corp.
Suite 900 – 925 Georgia Street
CA-V6C 3L2 Vancouver, BC
phone: +1-604-687-7828
mail: info@jetgoldcorp.com
WWW: http://jetgoldcorp.com
sector: Gold & Precious Materials
ISIN: CA47712W2085
indexes:
stockmarkets: stock market: Frankfurt
language: English