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J-Pacific Gold Inc.
NEWS RELEASE No. 7, 2008

Sale of Shares

VANCOUVER, April 17, 2008 – J-Pacific Gold Inc. (the “Company”; TSXV – JPN, OTCBB – JPNJF) announces that further to the Company’s press release dated January 31, 2008, it has been advised by Jipangu Inc. that Jipangu has successfully sold the remaining 3,000,000 common shares that it held in the Company’s share capital. The sale was facilitated by Dominick and Dominick LLC, and the Company has been informed that the shares were sold to a variety of institutional investors. To the best of the Company’s knowledge, this sale completes the divestiture of Jipangu’s entire share position in the Company.

J-Pacific is a junior resource company focused on gold exploration and mining in Canada. J-Pacific owns the past-producing Blackdome Gold Mine in south-central British Columbia and is conducting exploration in immediately adjacent areas, and on the Elizabeth Project, approximately 30 kilometres to the south. In addition, J-Pacific has been actively exploring in Quebec on the Montgolfier Project, 35 kilometres east of the Casa Berardi Project held by Aurizon Mines Ltd.

On behalf of the Board of Directors

“N. Ferris”
President and CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, visit www.jpgold.com, or call or e-mail:

Media Inquiries:
Victor Webb/Madlene Olson
Marston Webb International
Tel: +1 (212) 684-6601
Fax: +1 (212) 725-4709
E-mail: marwebint@cs.com 

Investor Relations:
Neil Murray-Lyon
Renmark Financial Communications Inc.
Tel: +1 (514) 939-3989
Fax: +1 (514) 939-3717
E-mail: nmurraylyon@renmarkfinancial.com 

J-Pacific Gold Inc.

802–1166 Alberni St.
Vancouver, B.C., Canada  V6E 3Z3
Tel:+1 (888) 236-5200
Fax: +1 (604) 684-6678
E-mail: info@jpgold.com