JUB Jubilee Gold Exploration Ltd

Jubilee Gold Inc. (TSX VENTURE:JUB), CUSIP number 481249100, announces that
pursuant to the Company's Rolling Stock Option Plan (approved by the
Shareholders on December 21st, 2009) the following options have been granted to
the President and Director, Jeffrey J. Becker 600,000, to Maureen L. Friesen,
Director, 100,000, Grant V. Ohman, Director, 100,000, William R. Troup,
Consultant, 300,000, Sigrid I. Ades, Secretary-Treasurer, 300,000, Mark R.
Warkentin, Director, 100,000, Howard L. Banting, Consultant, 200,000 and I.
Eileen Green, Consultant, 200,000 for a total of 1,900,000 Common Shares at an
exercise price of $0.20, expiry date February 4th, 2015. The Fair Market Value
at grant was $0.19 per share.


A total of 2,000,000 shares have been reserved for the granting of stock options
under the Stock Option Plan. At present the issued and outstanding number of
shares is 20,000,000.

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