Canadian Junior Mining Research

Thursday, May 24, 2007

Initiating Coverage on Jet Gold Corp.

eResearch analysts, Beverly Brooks, MA (Economics), MBA, and Bob Leshchyshen, B.A., MBA, CFA have written an Initiating Report on Jet Gold Corp. (TSX-V: JAU). Jet Gold is a junior resource company with coal properties in northern British Columbia, gold properties in Canada and Myanmar, and oil and natural gas properties in Texas.

The report’s Highlights state the following:

· The Company’s main focus is its Naskeena coal project in northern B.C.
· A NI 43-101 resource estimate on Naskeena is expected later this year.
· The historic resource estimate on Naskeena is 240 million tonnes: high carbon; low ash; low sulphur.
· Production start-up at Naskeena has not yet been determined.
· Texas oil & gas interests now generate moderate revenue.
· Gold exploration activities in Canada and Myanmar are still at an early stage.

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