• JACKSON MINERALS LTD: ASX RELEASE 15 February 2008 JACKSON TO USE FUNDS FROM SHARE SALE TO PROGRESS KEY EXPLORATION ASSETS Highlights: Jackson secures A$600,000 from the sale of 2,000,000 Saracen Gold Mine (ASX:SAR) shares Funds from the sale will be used to rapidly progress exploration at the Rio Colorado uranium project in Argentina and the Boolaloo Copper-Gold project, Western Australia Australian-based diversified exploration company Jackson Minerals Limited (“Jackson” or the “Company”) plans to use funds received from the sale of a non-core shareholding to progress the Company’s exploration assets in Argentina and Western Australia. Jackson has sold 2,000,000 Saracen Mineral Holdings shares in an off-market transaction, for A$600,000. This provides Jackson with operating funds of more than one million dollars. These shares were originally acquired by Jackson in 2007 as part of a A$7M agreement with Saracen for the sale of the Wallbrook Gold asset in the goldfields region of Western Australia. Jackson will be issued a further 5,000,000 fully paid ordinary shares in Saracen, upon the commencement of mining at Wallbrook, together with a royalty payment of $1 per tonne on the first 2 million tonnes mined and treated. Saracen is currently completing a Definitive Feasibility Study on re-commissioning the Carosue Dam Gold Operations. Funds raised from the sale of the Saracen shares will be used to rapidly accelerate exploration at the company’s highly prospective Rio Colorado uranium project in Argentina and the Boolaloo Copper-Gold project in the Pilbara region of Western Australia. Both projects will be the focus of significant exploration activity in 2008 and beyond. Download the full ASX Announcement by clicking here. Level 2, 41-43 Ord Street West Perth WA 6005 PO Box 1916 West Perth WA 6872 Ph: +618 9211 5777   Fax: +618 9211 5700 info@jacksongold.com.au   www.jacksongold.com.au ABN 44 099 574 991 This message has been sent to you as a subscriber of the PPR mail service. If you no longer wish to be a part of the service, please email with the word "REMOVE" in the Subject line.

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