Jet Gold Announces the First Closing of Its Non-Brokered Private Placement and Closing of Lorn Property Option Acquisition

JET GOLD CORP.

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

JET GOLD ANNOUNCES THE FIRST CLOSING OF ITS NON-BROKERED PRIVATE PLACEMENT AND CLOSING OF LORN PROPERTY OPTION ACQUISITION

Vancouver, B.C., Canada – October 5, 2015 – Jet Gold Corp. ("Jet Gold" or the "Company") (TSX-V: JAU) is pleased to announce that on October 2, 2015 it has closed the first tranche of a non-brokered private placement financing originally announced on June 25, 2015 and amended on August 7, 2015 for up to 6,000,000 units (the “Units”) at $0.05 per Unit. 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 first closing of this financing was for 3,487,500 Units and gross proceeds of $174,375.00.

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.

Additional closings are anticipated by the Company with respect to this non-brokered private placement.

In other news, the Company is pleased to announce that pursuant to its earn-in agreement dated August 4, 2015 (the “Earn-In Agreement”) with Kin Resources Inc. (“Kin”) it has acquired 100% of Kin’s option to acquire 50% undivided interest in the Lorn mineral claims, British Columbia (the “Property”) originally announced in August 7, 2015. In consideration, the Company has issues 2,000,000 common shares to Kin. The Property is subject to a royalty being equal to 3% Net Smelter Returns.

The Company will exercise its option to earn 50% of the Property upon: (i) completing an exploration program of up to $30,000 on or before December 31, 2015, (ii) preparing an updated NI 43-101 report on the Property on or before December 31, 2015, (iii) completing additional exploration expenditures of $1,180,000, paying an aggregate $65,500 and issuing a total of 23,500 common shares to the John A. Chapman and KGE Management Ltd. (together, the “Optionors”), in stages until December 31, 2017, (iv) paying 50% of all advice royalty payments, claim maintenance fees and taxes payable under the Underlying Agreement; (v) issuing 30,000 shares to the Optionors upon completion of a feasibility study; and (vi) maintaining the Underlying Agreement in good standing.

More information is available by contacting Tim Fernback at 604.340.3774.

ON BEHALF OF JET GOLD CORP.

Tim Fernback

• 2 -

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.