New Jersey Mining Intersects 5.07 g/t Gold  

KELLOGG, ID - New Jersey Mining Company NJMC -5.26% is pleased to announce the drill intercept of 21.6 meters of 5.07 g/t gold (true thickness) in drill hole GC 11-34 from a core drilling program underway at the Golden Chest mine in Murray, Idaho. The open pit resource drilling continues to show good intercepts of near-surface gold mineralization. The Golden Chest is owned 50% by NJMC and 50% by Marathon Gold Corporation and NJMC is the operator.

Fred Brackebusch, President of New Jersey Mining commented, " The definition drilling being conducted for the open pit resource is yielding results better than I expected based on Newmont's widely spaced reverse-circulation drilling done in 1988 and 1989. A new resource estimate is planned to be completed by the end of this year." Surface core drilling at the Golden Chest is still focused on drilling out the open pit target on a 25 m by 25 m grid that extends for 250 meters north-south and approximately 150 meters east-west. It is expected that this grid drilling will be completed in early October, and then drilling will focus on stepping out from the grid in at least 50 meter increments. Two drill rigs are currently working on the open pit resource drilling and have completed approximately 7,600 meters to date. The joint venture partners plan to complete at least 10,000 meters of drilling this year. Drilling will continue on surface until the weather no longer permits it. The company's address is 89 Appleberg Road, P.O. Box 1019, Kellogg, ID 83837, 208-783-1032, fax: 208-783-3331, email: [email protected].