Mr. John Proust reports

JAPAN GOLD ANNOUNCES GRANT OF STOCK OPTIONS

The board of directors of Japan Gold Corp. has approved the repricing of 4,549,950 existing stock options to 16 cents per share and the granting of 1,525,050 new incentive stock options at an exercise price of 16 cents per share to certain directors, officers, employees and consultants of the company. The options are exercisable at a price of 16 cents per share for a period of 10 years from the date of grant.

The repricing of 3,899,950 stock options to insiders will require TSX Venture Exchange approval and disinterested shareholder approval at the company's next shareholder meeting.

About Japan Gold Corp.

Japan Gold is a Canadian mineral exploration company focused solely on gold and copper-gold exploration in Japan. The company has applied for 216 prospecting rights licences in Japan for a combined area of 71,529 hectares over 17 separate projects.