JML

Les Mines J.A.G. Ltee (TSX VENTURE:JML) ("JAG") announces that its Olitra Inc.
subsidiary has completed a $750,000 Private Placement with arm's length
Accredited Investors.


This Placement calls for the issuance of six million (6,000,000) common shares
of Olitra, of which 80% are Flow-through at a price of $0.125 each. This
Placement will result in JAG seeing its interest in Olitra being diluted from
76.46% to 67%, or a 9.46%.


The Flow-through portion of the Placement, in this instance $600,000, will be
invested on Olitra's Oil and Gas properties in Temiscouata, Lac St-Jean and
Charlevoix. JAG & Olitra have been active in these regions since 2006. For more
information on the exploration programs completed to date and the recently
obtained results, the reader is invited to visit JAG or Olitra's Web Site.

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