Jupiter Gold Corporation reported that in its 100%-owned Paracatu Gold Project in Brazil the geochemical results from an initial extensive drilling campaign were indicative of gold mineralization. Given this result, Jupiter Gold is currently permitting this project for a commercial mining license. An initial extensive drilling campaign of the Paracatu Gold Project was conducted. 18 of 23 drilled holes using a rotary drill were positive for gold by both visual inspection and confirmed by geochemical analysis at an SGS-Geosol laboratory. Permitting for an initial commercial mining license is currently underway. Jupiter Gold's Paracatu Gold Project is located only four miles from the largest gold mine in Brazil, Morro do Ouro, owned and operated by Kinross Gold Corporation, a major global mining company. Morro do Ouro is an open-sky operation with annual production of 480,000 ounces of gold; its gold ore body was sized at 16,000,000 ounces of gold, according to published reports.