Jubilee Gold Exploration Ltd. appoints a new Chief Financial Officer

TORONTO, Nov. 1, 2017 /CNW/ - Jubilee Gold Exploration Ltd. (TSX.V: JUB) (the "Corporation") is pleased to announce the appointment of Sonia Agustina, as its Chief Financial Officer, and Jeff Becker as its Corporate Secretary effective November 1, 2017.

Appointment of Sonia Agustina as Chief Financial Officer

Ms. Agustina is a finance professional with over 15 years of corporate accounting and audit experience. She specializes in providing management advisory services, accounting and regulatory compliance services to companies in a number of industries. Ms. Agustina began her career in the public market sector as an auditor and was a former Manager of Assurance and Advisory at Collins Barrow Toronto LLP. Prior to joining Jubilee Gold, Ms. Agustina held senior level positions for several publicly-held and private companies. Ms. Agustina is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Administrative Studies (Honours) from York University.

Jeff Becker, CEO of Jubilee Gold commented: "We are pleased to announce the appointment of Sonia Agustina as our new CFO, and cordially welcome her to the Jubilee Gold family. I would also like to take this opportunity to thank Sigrid Ades, Jubilee Gold's longest serving employee, who has now retired. Sigrid will be sorely missed. As CFO and the Corporate Secretary, she provided a steady hand and was loved by 3 generations of the Becker family. Amongst other things she oversaw the merging of 24 public companies into the present Jubilee Gold Exploration Ltd. We wish her all the best in retirement. Our thoughts and prayers are with her."

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Corporation's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Corporation's control. These factors include: the availability of funds; the timing and content of work programs; results of exploration activities and development of mineral properties, the interpretation of drilling results and other geological data, the uncertainties of resource and reserve estimations, receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses, fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Corporation's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither 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.

SOURCEJubilee Gold Exploration Ltd.

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