Trading Symbol: JSP (TSX-V) CALGARY, Nov. 1 /CNW/ - Jasper Mining Corporation (the "Company") is pleased to announce that it is acquiring 2 additional cells/claims in the McFarlane area of British Columbia from an arms length vendor, upon the payment of $22,500.00, the issue of 40,000 common shares of the Company and a 1% net smelter return royalty. The deemed value of the shares is $0.40 per share and the shares will be subject to a four month hold period. The 2 cells/claims total 103.49 acres and are contiguous with the Company's existing McFarlane properties in south eastern British Columbia. In accordance with the Company's interpretation of airborne geophysics flown in 2005, the 2 cells/claims appear to be prospective for molybdenum and copper. The transaction is subject to the acceptance of the TSX Venture Exchange. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.