KELLOGG, IDAHO. New Jersey Mining Company (Symbol: NJMC - OTC Bulletin Board) will commence a geophysical exploration program this week on its New Jersey mine property located near Kellogg, Idaho in the Coeur d'Alene mining district.

The program consists of an induced polarization [IP] and resistivity survey. Three parallel survey lines, each 420 meters in length, and spaced 120 meters apart have been established. The survey lines straddle the known orebody on the Coleman vein system and also cover the extension of the vein system to the north.

The purpose of the geophysical program is to determine the response of the Coleman gold-bearing quartz veins to resistivity and IP methods and to identify potential drilling targets. No exploration drilling has ever been conducted on the New Jersey mine property.

Presently, open pit ore reserves are 80,000 tonnes grading 4.5 grams per tonne gold. About 4,500 tonnes have been mined and processed in a previous test project. A 100 tonne per day mineral processing plant has been constructed and permits have been obtained to build and operate a cyanidation process.

Statements made which are not historical facts, such as anticipated payments, production, sales of assets, exploration results and plans, costs, prices or sales performance are ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production, market conditions and project development risks. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.