Jet Gold Announces a Second Closing of Its Non-Brokered Private Placement and the Addition of Mr. Hugo Monette as Director

JET GOLD CORP.

Suite 162, 2906 West Broadway, Vancouver, British Columbia, V6K 2G8 Telephone: 604.340.3774 www.jetgoldcorp.ca

JET GOLD ANNOUNCES A SECOND CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT AND THE ADDITION OF MR. HUGO MONETTE AS DIRECTOR

Vancouver, B.C., Canada – October 27, 2015 – Jet Gold Corp. ("Jet Gold" or the "Company") (TSX-V: JAU) is pleased to announce that on October 20, 2015 it closed a second tranche of a non-brokered private placement financing originally announced on June 25, 2015 for up to 4,000,000 units (the “Units”) at $0.05 per Unit (the “Offering”). Each Unit consists of one Share and one-half share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder to purchase one additional Share (a “Warrant Share”) at a price of $0.075 per Warrant Share for a period of three years from the closing date of the Offering.

The second closing of this financing was for 1,487,500 Units and gross proceeds of $ 74,375.00. Since the beginning of the private placement, the Company has closed a total of 4,975,000 for a gross proceed of $ 248,750.

All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The proceeds of the Offering will be used for general working capital purposes.

Furthermore, the Company is pleased to announce that Mr. Hugo Monette, has been appointed to the Board of Directors of the Company. Mr. Monette is the President of Kin Resources inc., which has sold its option on the Lorn property to the Company (see press releases dated August 7 and September 25, 2015).

Mr. Monette P. Eng and MBA, is a professional engineer with a specialization in mechanical engineering. He has extensive experience in project management in the petrochemical and chemical industries and has acted as project manager for a consulting engineering firm that has conducted various assignments for several companies, including Shell Canada, Bitumar, Enerkem, Air Liquide and Petro-Canada. He is currently a Director of Canada Strategic Metals (CJC-V).

More information is available by contacting Tim Fernback at 604.340.3774.

ON BEHALF OF JET GOLD CORP.

Tim Fernback Director and CEO

Neither the TSX Venture Exchange nor its Regulatory 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.