Mr. Dan Stuart reports

JUGGERNAUT FILES FOR APPROVAL OF PRIVATE PLACEMENT FINANCING

Juggernaut Exploration Ltd. has filed documents with the TSX Venture Exchange seeking conditional approval of its 64-cent-per-unit private placement financing for aggregate gross proceeds of $1.1-million.

The financing consists of 1,718,731 units, with each unit consisting of one common share of the company and one common share purchase warrant. Each warrant is exercisable at 84 cents for five years, subject to the right of the company to accelerate the exercise period to 30 days if, after the four-month hold has expired, shares of the company close at or above $1.50 for 10 consecutive trading days. Proceeds of the financing will be used for general corporate and operating purposes.

All securities issued pursuant to the financing will be subject to a four-month-plus-one-day hold. Finders' fees in cash and non-transferable brokers' warrants may be paid, in accordance with exchange policies.

About Juggernaut Exploration Ltd.

Juggernaut Exploration is an explorer and generator of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and geopolitically safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active supporter of CASERM (Center to Advance the Science of Exploration to Reclamation in Mining), an organization representing a collaborative venture between the Colorado School of Mines and Virginia Tech. Juggernaut's key strategic cornerstone shareholder is Crescat Capital.

Qualified person

Rein Turna, PGeo, is the independent qualified person, as defined by National Instrument 43-101, for Juggernaut Exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

We seek Safe Harbor.