2006

J-Pacific Gold Inc.
1440 - 1166 Alberni Street, Vancouver, BC V6E 3Z3
Tel: (604) 684-6677 Fax: (604) 684-6678
E-mail: ir@jpgold.com Web: http://www.jpgold.com

NEWS RELEASE No.7, 2006
June 16, 2006

FOR IMMEDIATE RELEASE
TSX VENTURE SYMBOL: JPN
OTC BB SYMBOL: JPNJF

PRIVATE PLACEMENT COMPLETED

J-Pacific Gold Inc. (the “Company”) is pleased to announce that the private placement, previously announced in the Company’s news release of May 23, 2006, has now closed. A total of 1,800,000 Units of the Company were issued at a price of $0.35 per Unit for total proceeds of $630,000. Each Unit consists of one common share and one warrant, with each warrant exercisable into an additional common share of the Company at a price of $0.55 per share until June 15, 2007. The Company paid a finder’s fee of 62,100 Units in connection with the private placement.

All of the securities issued pursuant to the private placement are subject to a four month hold period expiring on October 16, 2006.

On behalf of the Board of Directors,

“N. Ferris”
President and CEO

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

For further information, please contact Investor Relations - Telephone 1-888-236-5200.