TORONTO, ONTARIO (TSX VENTURE: JBO) is pleased to announce that it has closed a non-brokered private placement (the "Private Placement") of 2,000,000 common shares, priced at $0.05 per common share, for gross proceeds of $100,000.

The proceeds from the Private Placement will be used for general working capital purposes.

The common shares issued pursuant to the Private Placement are subject to a four-month hold period expiring on June 9, 2008. No finder's fee, commission or other compensation will be paid in connection with the Private Placement.

For further information on Jumbo please visit the website at www.jumbodevelopment.com.

Shares Outstanding: 57,365,992

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Jumbo Petroleum Corporation Glenn Laing CEO, President and Chief Operating Officer (416) 368-2114 Jumbo Petroleum Corporation Fred Christensen Chairman (416) 368-3259 Website: www.jumbodevelopment.com

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