Mr. Tim Fernback reports

JET GOLD ANNOUNCES PROPOSED CONSOLIDATION AND POSTCONSOLIDATION FINANCING

All the resolutions proposed at the annual general and special meeting of shareholders of Jet Gold Corp. held on Sept. 12, 2014, were duly passed. Shareholders elected Tim Fernback, Ryan Cheung, Ryan Goodman, Michael Lerner and David Morris to the company's board of directors.

At the meeting, the shareholders of the company also approved a consolidation of the common shares of the company. The directors of the company will proceed with a consolidation of its shares on the basis of one postconsolidated share for every three preconsolidated shares. The consolidation is subject to the approval of the TSX Venture Exchange.

Upon receipt of approval from the exchange for the consolidation, the company will proceed with a non-brokered private placement of up to 20 million units at 10 cents per unit for gross proceeds of up to $2-million.

Each unit will consist of one postconsolidated share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional postconsolidated share at a price of 25 cents per warrant share for a period of five years from the closing of the offering.

The company may pay a finder's fee on the offering within the amount permitted by the policies of the exchange. Closing of the offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The proceeds from the offering will be used to finance property acquisitions and for general working capital.

We seek Safe Harbor.