Mr. Dan Stuart reports

JUGGERNAUT CLOSES FLOW-THROUGH UNIT FINANCING

Juggernaut Exploration Ltd. has submitted documents to the TSX Venture Exchange seeking approval to close its 28-cent-per-flow-through-unit private placement financing.

The company has raised aggregate proceeds of $100,119.98 and, on receipt of exchange approval, will issue 357,571 units, with each unit consisting of one flow-through common share of the company and one common share purchase warrant, with each warrant being exercisable at 56 cents per common share for a period of 12 months, subject to the right of the company to accelerate the exercise period if, after the four-month hold period has expired, the closing price of the common shares is at or above $1.12 for a period of 10 consecutive trading days. Proceeds will be used for mineral exploration work.

Subject to exchange approval, the company will pay finders' fees in the aggregate of $6,007.19 and issue 21,454 brokers' warrants, with such brokers' warrants being exercisable at 56 cents each for 12 months.

All securities issued pursuant to this financing will be subject to a four-month hold period.