J.A.G. MINES LTD. (TSX VENTURE:JML) wish to announce a first closing on its
private placement currently underway. An amount of $340 000 has been raised as
of this date on the total amount of one million dollars ($1 000 000.) This
placement is being offered to "Accredited Investors" in units of $5,000. Each
unit is made up of:




i.  40 000 flow-through common shares at $0.10 per share; 
ii. 10 000 non-flow-through common shares at $0.10 each and; 
iii.25 000 common share purchase warrants, each warrant shall entitle the
    holder thereof to acquire one common share of the Issuer (on a non-flow-
    through basis) at a price of $0.20 until the date which is twelve (12)
    month following the Closing date.



The proceeds (80%) will be used to incur exploration expenditures on JAG's
Properties in Belleterre-Temiscamingue (gold-silver) and St-Robert-Bellarmin
(gold-silver-tungsten, lead, zinc).


Shares issued pursuant to the offering will be subject to a four (4) month hold
period. The private placement is scheduled to expire on December 20th, 2012.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre Gevry
President
(514) 849-7336
(514) 849-9260 (FAX)
g.m.st-jacques@gmail.com
www.minesjag.com

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