Mr. Alson Niu reports

JAEGER RESOURCES CORP. ANNOUNCES FINANCING FOR $200,000

Jaeger Resources Corp. intends to complete a non-brokered private placement of up to 20 million common shares at an issue price of one cent per share for gross proceeds of up to $200,000. In its discretion, the company may increase or decrease the size of the offering in accordance with the policies of the NEX board of the TSX Venture Exchange.

The net proceeds of the offering will be used approximately as follows: 25 per cent to pay down certain payables to arm's-length creditors, 25 per cent for professional fees, including legal and audit fees, and 50 per cent for general working capital.

In connection with the offering, the company may pay finders' fees in cash or securities, or a combination thereof, to certain finders, as permitted by the policies of the exchange. There is no minimum number of shares or minimum aggregate proceeds required to close the offering and the company may, at its discretion, elect to close the offering in one or more tranches.

The securities issued pursuant to the offering are subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable securities legislation. Closing of the offering and issuance of the shares are subject to a number of conditions, including receipt of all necessary regulatory and corporate approvals, including approval from the exchange.

About Jaeger Resources Corp.

Jaeger Resources is a junior Canadian exploration company focused on evaluating high-potential, undervalued mineral properties for acquisition, which can be developed to give investors an attractive return on investment. Jaeger has entered into an agreement with Stratabound Minerals Corp. to explore and develop the Taylor Brook zinc-lead-copper-silver deposit in the Bathurst mining camp in New Brunswick, Canada.

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