"Bay Street Connect" engaged for Investor Relations

VANCOUVER, Aug. 22, 2011 /PRNewswire/ - JetGold Corp. (TSX-V: JAU/www.jetgoldcorp.com) today announced the engagement of Bay Street Connect, a full service, independent investor relations firm based in Toronto. Since 2003, Bay Street has been a leading provider of investor relations services to Canadian public companies, particularly those in the natural resources sector. The group focuses on direct communication and face-to-face meetings, and has helped many publically-listed firms improve relationships within the investment community.

Bay Street will focus their demonstrated expertise on designing and implementing an all-media investor relations marketing program which will profile and present JetGold to a broad range of potential investors, utilizing both retail and institutional contacts.

Brad J. Moynes, JetGold President and CEO stated: "We're looking forward to working with Bay Street to provide broad awareness of our British Columbia-based gold and silver properties. JetGold has a strong, positive story to tell and Bay Street will assist in communicating our progress and news to investors."

Under the terms of the engagement, which is for a minimum of 12 months, Bay Street Connect will be paid $7,500 per month. The group will also be granted 300,000 options with an exercise price of  $0.30 per share. The options will vest over a 12 month period on the basis of 75,000 shares per quarter in accordance with the policies of the TSX Venture Exchange.

The Bay Street Connect agreement is subject to regulatory approval and all terms will be subject to and in accordance with the rules and regulations of the TSX Venture Exchange.

JETGOLD

JetGold is a Canadian resource exploration company actively developing gold, silver, copper, zinc, molybdenum and tellurium mineral resource properties in British Columbia, Canada. The company is currently undertaking exploration of its three unique precious metals' properties:
Big Hammer, Kshish and Zinc Bay.

Big Hammer  Gold/silver/tellurium (Au/Ag/Te) property located 13 km southeast of Terrace
Kshish   Molybdenum (Mo) property located 15 km northeast of Terrace
Zinc Bay  Silver/zinc (Ag/Zn) property located in northwest BC

JetGold is strategically investing in the Terrace and Smithers mining districts of British Columbia based on excellent road access, abundant power and water supply and close proximity to the Fairview Terminal deep water container port in Prince Rupert. The port is an important part of the Government of Canada's "Asia-Pacific Gateway & Corridor Initiative" and the Province of British Columbia's "Pacific Gateway" strategy. Additional information at: www.jetgoldcorp.com

On behalf of the Board of Directors,
Jet Gold Corp. (TSX.V: JAU)

"Brad J. Moynes"

Brad J. Moynes
President & CEO

JetGold Corp.
885 West Georgia Street, Suite 1500, Vancouver, BC V6C-3E8
T: 604-601-2070 / F: 604-683-8125
www.jetgoldcorp.com

Forward Looking Information: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Statements containing forward-looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

SOURCE Jet Gold Corp.