Gold Exploration in West Africa

[Ed Monton]

Jilbey announces financing:

NEWS RELEASE TRANSMITTED BY CCNMatthews



FOR: JILBEY ENTERPRISES LTD.

TSX VENTURE SYMBOL: JLB

APRIL 2, 2003 - 17:00 EST

Jilbey Plans Financing

HALIFAX, NOVA SCOTIA--Jilbey Enterprises Ltd. (JLB-TSXV) (the
"Corporation") plans to raise up to $200,000 from arm's length
and non arm's length parties by the sale of units priced at $0.30
each. Each unit will consist of one flow through share and
one-half of one share purchase warrant. Each whole warrant
entitles its holder thereof to purchase one additional common
share of the Corporation at a price of $0.40 for a period of
eighteen months from closing.

Proceeds from the financing will be used to advance the
Corporation's gold properties in the Red Lake-Birch Lake area of
Northwestern Ontario.

Please visit the Corporation's website at www.jilbey.com for more
information about the Corporation and it's current projects.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Jilbey Enterprises Ltd.
Dan Whittaker
[phone]
[phone] (FAX)
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.