JORE CORPORATION

ANNUAL MEETING OF SHAREHOLDERS

June 4, 2001

INFORMATION ABOUT THE ANNUAL MEETING AND VOTING

Q: Why did you send me this Proxy Statement?

A: We sent you this Proxy Statement and the enclosed proxy card because Jore
Corporation's Board of Directors is soliciting your proxy to vote at the
2001 Annual Meeting of Shareholders.

This Proxy Statement summarizes the information regarding the matters to be
voted upon at the Annual Meeting. You do not need to attend the Annual
Meeting, however, to vote your shares. You may simply complete, sign and
return the enclosed proxy card.

If you owned shares of our Common Stock at the close of business on April
16, 2001, our record date, you are entitled to vote the shares that you
owned as of that date. On the record date, there were 14,231,908 shares of
our Common Stock outstanding. We mailed this Proxy Statement to all
shareholders entitled to vote their shares at the Annual Meeting on or
about May 4, 2001.

Q: How many votes do I have?

A: You have one vote for each share of Jore Common Stock that you owned on the
record date. The proxy card will indicate the number of shares.

Q: How do I vote by proxy?

A: If you cast your vote by no later than 5:00 p.m., (MDT) on June 4, 2001, by
executing and returning the enclosed proxy, and your vote is not
subsequently revoked by you, your vote will be voted in accordance with
your instructions by your "proxy" (one of the individuals named on your
proxy card). If you sign the proxy card but do not make specific choices,
your proxy will vote your shares as recommended by the Board as follows:

o "FOR" electing all six nominees for director; and

o "FOR" ratifying Deloitte & Touche LLP as our independent accountants
for the fiscal year ending December 31, 2001.

If any other matter is presented at the Annual Meeting, your proxy will
vote in accordance with his best judgment. At the time we printed this
Proxy Statement, we knew of no matters that needed to be acted on at the
Annual Meeting other than those discussed in this Proxy Statement.

Q: May my broker vote for me?

A: Under the rules of the National Association of Securities Dealers, if your
broker holds your shares in its "street" name, the broker may vote your
shares on Proposals 1 and 2 even if it does not receive instructions from
you.

Q: May I revoke my proxy?

A: Yes. You may change your mind after you send in your proxy card by
following these procedures. To revoke your proxy:

1. Send in another signed proxy with a later date;

2. Send a letter revoking your proxy to our corporate secretary at our
offices in Ronan, Montana; or

3. Attend the Annual Meeting and vote in person. Attending the Annual
Meeting will not automatically revoke your proxy vote.

Q: What is the quorum requirement for the meeting?

A: The quorum requirement for holding the meeting and transacting business is
a majority of the outstanding shares entitled to be voted. The shares may
be present in person or represented by proxy at the meeting. Both
abstentions and broker non-votes are counted as present for the purpose of
determining the presence of a quorum. Generally, broker non-votes occur
when shares held by a broker for a beneficial owner are not voted with
respect to a particular proposal because (1) the broker has not received
voting instructions from the beneficial owner, or (2) the broker lacks
discretionary voting power to vote such shares.

Q: What is the effect of abstentions and broker non-votes?

A: Abstentions and broker non-votes will have no effect on the election of
directors or the voting on the other proposal to be voted upon by
shareholders at the Annual Meeting.

Q: How do I vote in person?

A: If you plan to attend the Annual Meeting and vote in person, we will give
you a ballot when you arrive. If your shares are held in the name of your
broker, bank or other nominee, you must bring an account statement or
letter from that broker, bank or nominee. The account statement or letter
must show that you were the direct or indirect (beneficial) owner of the
shares on April 16, 2001, the record date for voting. Alternatively, in
order to vote, you may contact the person in whose name your shares are
registered and obtain a proxy from that person and bring it to the Annual
Meeting.

Q: What vote is required to approve each proposal?

A: The six nominees for director who receive the most votes will be elected.
So, if you do not vote for a nominee, or you indicate "withhold authority
to vote" for a nominee on your proxy card, your vote will not count either
"for" or "against" the nominee.

A majority of the shares of our Common Stock voting at the Annual Meeting
is required to ratify the selection of Deloitte & Touche LLP as our
accountants for fiscal year 2001. So, if you do not vote, or if you abstain
from voting, it has no effect on this vote.

Q: Is voting confidential?

A: We keep all the proxies, ballots and voting tabulations private as a matter
of practice. We only let our Inspector of Election examine these documents.
We will not disclose your vote to management unless it is necessary to meet
legal requirements. We will forward to management, however, any written
comments that you make on the proxy card or elsewhere.

Q: What are the costs of soliciting these proxies?

A: We will pay all the costs of soliciting these proxies. Although we are
mailing these proxy materials, our officers and employees may also solicit
proxies by telephone, by fax or other electronic means of communication, or
in person. We will reimburse banks, brokers, nominees and other fiduciaries
for the expenses they incur in forwarding the proxy materials to you.

Q: Who should I call if I have any questions?

A: If you have any questions about the Annual Meeting or voting, or your
ownership of Jore Corporation's Common Stock, please contact David H.
Bjornson, Executive Vice President and General Counsel, at (406) 676-4900,
extension 381.

Jore Corporation

Proxy Statement

Table of Contents

Page
[ ] Proposal No. 1 - Election of Directors and Management Information.... 2

o Nominees........................................................ 2
o Meetings of the Board of Directors of the Company............... 3
o Board Committees................................................ 3
o Compensation of Directors....................................... 4
o Compensation Committee Interlocks and Insider Participation..... 4
o Report of Audit Committee....................................... 5
o Security Ownership of Management and Other Beneficial Owners.... 5
o Executive Officer Compensation.................................. 7
o Option Grants in 2000........................................... 7
o Aggregated Option Values as of Year-End 2000.................... 8
o Matthew B. Jore Employment Agreement............................ 8
o Michael W. Jore, David H. Bjornson, Monte W. Giese and
Jeffrey M. Heutmaker Employment Agreements..................... 8
o Report of Compensation Committee on Executive Compensation...... 8
o Executive Compensation Philosophy............................... 8
o Executive Compensation Components............................... 9
o Compensation of Chief Executive Officer......................... 9
o Compensation Committee.......................................... 9
o Comparison of Three Month Cumulative Total Return............... 10
o Certain Relationships and Related Transactions.................. 10
o Section 16(a) Beneficial Ownership Reporting Compliance......... 11

[ ] Proposal No. 2 - For Ratification of Independent Accountants....... 12

[ ] Other Matters...................................................... 12

o Other Business.................................................. 12
o Solicitation of Proxies......................................... 12
o List of Shareholders............................................ 12
o Proposals of Shareholders....................................... 12
o Voting Tabulation............................................... 13
o Additional Information.......................................... 13

IMPORTANT

Whether or not you expect to attend in person, we urge you to vote your
proxy at your earliest convenience. Voting your proxy will ensure the
presence of a quorum at the meeting and will save the Company the expenses
and extra work of additional solicitation. Voting your proxy will not
prevent you from voting your stock at the meeting if you desire to do so,
as your proxy is revocable at your option.

JORE CORPORATION

45000 Highway 93 South
Ronan, Montana 59864

PROXY STATEMENT FOR ANNUAL MEETING
OF SHAREHOLDERS
To Be Held June 4, 2001

This Proxy Statement, which was first mailed to shareholders on or about
May 4, 2001, is furnished in connection with the solicitation of proxies by the
Board of Directors of Jore Corporation (the "Company"), to be voted at the
annual meeting of the shareholders of the Company, which will be held at the
KwaTaqNuk Best Western Hotel, 303 Highway 93 South, Polson, Montana, on June 4,
2001, at 1:30 p.m., for the purposes set forth in the accompanying Notice of
Annual Meeting of Shareholders. Shareholders who execute proxies retain the
right to revoke them at any time prior to the exercise of the powers conferred
thereby, by delivering a signed statement to the Secretary of the Company at or
prior to the annual meeting, by executing another proxy dated as of a later
date, or by attending the meeting and voting in person. The cost of solicitation
of proxies will be borne by the Company.

Shareholders of record at the close of business on April 16, 2001 will be
entitled to vote at the meeting on the basis of one vote for each share held. On
April 16, 2001, there were 14,231,908 shares of Common Stock outstanding, held
of record by 105 shareholders.

1. ELECTION OF DIRECTORS AND MANAGEMENT INFORMATION

The Company's Board of Directors currently consists of six members. Six
directors are to be elected at the annual meeting, to hold office until the next
annual meeting of shareholders and until their successors are elected and
qualified. It is intended that the accompanying proxy will be voted in favor of
the following persons to serve as directors unless the shareholder indicates to
the contrary on the proxy. Management expects that each of the nominees will be
available for election, but if any of them is not a candidate at the time the
election occurs, it is intended that such proxy will be voted for the election
of another nominee to be designated by the Board of Directors to fill any such
vacancy.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" ALL OF THE NOMINEES NAMED BELOW
FOR DIRECTORS OF THE COMPANY.

Nominees

Matthew B. Jore, age 38, is the founder of Jore Corporation. He has served
as President since June 1990, Chief Executive Officer since March 1999 and a
Director since its inception in February 1990. He holds a B.S. degree in
Economics from the University of Montana.

Michael W. Jore, age 41, has served as Executive Vice President since
November 1998 and a Director of Jore Corporation since February 1990. From June
1990 to November 1998, he was the Vice President of Jore Corporation. Before
joining Jore Corporation, he worked for Plum Creek Timber, L.L.C. for ten years.
Matthew and Michael Jore are brothers.

David H. Bjornson, age 44, has served as General Counsel and Corporate
Secretary since November 1998 and as a Director since May 1998. He has served as
Executive Vice President since March 2000, and served as Chief Financial Officer
of Jore from November 1998 to March 2000. From 1993 to 1998, Mr. Bjornson was a
Partner at Boone, Karlberg & Haddon, a Missoula, Montana law firm, serving also
as outside counsel of Jore since 1994. From 1985 to 1993, he practiced law with
firms in Seattle, Washington, focusing his practice in business transactions,
corporations, and tax law. He also acts as director of Sun Mountain Sports,
Inc., a manufacturer of golf bags, golf bag carts and golf related apparel, and
EndoBiologics International, Inc., a biomedical firm. He holds an Masters of
Laws (LL.M.) degree in taxation from New York University, and a J.D. and a B.A.
degree in Business Administration from the University of Montana, both with
honors. Mr. Bjornson also holds a Certified Public Accountant Certificate.

Thomas E. Mahoney, age 59, has served as a Director of Jore Corporation
since February 1999. From 1965 until 1999, The Stanley Works employed him in
various positions. From 1997 to 1999, he was the President of The Stanley Works,
Consumer Sales Americas. From 1995 to 1997, he was the President and General
Manager, Customer Support Division and VP of Corporate Marketing and Advertising
at Stanley. From 1992 to 1995, he was the President and General Manager,
Hardware and Home Decor Division of Stanley. From 1987 to 1992, he was the
President and General Manager, National Hand Tools Division of Stanley. He has a
B.A. Degree from the University of Massachusetts.

James P. Mathias, age 50, has served as a Director of Jore Corporation
since June 1999. He serves as the Vice Chairman and Director of Corporate
Strategy and Product Development of The JPM Company, a publicly held wire
harness and cable assembly company, since August 1981. Mr. Mathias has also
served on The JPM Company's Board of Directors since 1978. From 1977 to 1981, he
held various positions at The JPM Company, including Production Engineer,
Production Control and Inventory Manager, Vice President of Operations and Chief
Operating Officer. Prior to that, Mr. Mathias owned and operated a contracting
business from 1972 to 1977.

James K. Loebbecke, age 64, has served as a Director since July 2000. He is
emeritus professor of accounting at the David Eccles School of Business at the
University of Utah. He is a certified public accountant and for a number of
years was a national partner in Touche Ross & Co., an international accounting
and consulting firm. He was also co-founder of Norman/Loebbecke Associates, a
financial and litigation consulting firm in Salt Lake City, Utah. Mr. Loebbecke
is widely published in the field of accounting and auditing and has extensive
experience in various financial aspects of business. He currently serves as a
director and chair of the audit committee of Wright Express Financial Services
Corporation, a subsidiary of Avis Corporation, and as a director and member of
the audit committee of Steiner Corporation, both of which companies are based in
Salt Lake City.

Meetings of the Board of Directors of the Company

During 2000, the Board met four times. All incumbent directors attended 75%
or more of the total meetings of the Board and the committees on which they
served during 2000.

Board Committees

The Board of Directors maintains three standing committees, an Audit
Committee, a Compensation Committee and a Plan Administration Committee.

Audit Committee. In June 2000, the Board of Directors formed the Audit
Committee for the purpose of reviewing our internal accounting procedures and
consulting with and reviewing the services provided by our independent public
accountants. Messrs. Mahoney, Mathias and Loebbecke currently serve on the Audit
Committee, with James Loebbecke as Chairman. This Committee met four times
during 2000. The Board of Directors and the Audit Committee believe that the
Audit Committee's current member composition satisfies the rule of the National
Association of Securities Dealers, Inc. ("NASD") that governs audit committee
composition, including the requirement that audit committee members all be
"independent directors" as that term is defined by NASD Rule 4200 (a)(14),
except that Mr. Mahoney would not be considered an "independent director" under
NASD Rule 4200 because of his consulting relationship with the Company.
Nevertheless, in light of his depth of experience in the Company's industry, and
his history of valuable contributions on the Committee, the Board has determined
that it is in the best interests of the Company and its shareholders for Mr.
Mahoney to serve on the Audit Committee of the Board of Directors.

Audit Fees

Fees for the fiscal year 2000 audit and the review of Forms 10-Q are
$324,050, of which an aggregate amount of $26,157 has been billed through
December 31, 2000.

Financial Information Systems Design and Implementation Fees

Deloitte & Touche LLP did not render any services related to financial
information systems design and implementation for the fiscal year ended December
31, 2000.

All Other Fees

Aggregate fees billed for all other non-audit services rendered by Deloitte
& Touche LLP for the fiscal year ended December 31, 2000 are $34,723.

Compensation Committee. In June 1999, the Board of Directors formed the
Compensation Committee. The Compensation Committee reviews and recommends to the
Board the compensation and benefits of all our officers and reviews general
policy relating to the compensation and benefits of our employees. Messrs.
Mathias, Loebbecke and Matthew Jore currently serve on the Compensation
Committee, with Jim Mathias as Chairman. This Committee met four times during
2000.

Plan Administration Committee. In February 2000, the Board of Directors
formed the Plan Administration Committee to administer both the 1997 Stock Plan
and the 1999 Employee Stock Purchase Plan. David H. Bjornson and Matthew Jore
currently serve on the Plan Administration Committee. This Committee met four
times in 2000.

Compensation of Directors

During 2000, Matthew B. Jore, Michael W. Jore, David H. Bjornson and
William M. Steele received no cash or other compensation for serving on the
Board and its committees. Non-employee outside directors receive the following
compensation for services rendered as members of our Board of Directors and its
various committees: (i) annual fees of $12,000; (ii) committee fees of $1,500
per year; (iii) fees for acting as committee chairperson of $2,500 per year;
(iv) director meeting attendance fees of $1,000 per meeting; (v) committee
meeting attendance fees of $500 per meeting, and (vi) an annual grant of options
to acquire 5,000 shares of stock exercisable at the fair market value on the
date of grant. Jore Corporation also reimburses the directors for reasonable
out-of-pocket expenses incurred in connection with their attendance at Board and
Committee meetings. For a description of payments to directors unrelated to
their service as directors, see "Certain Relationships and Related
Transactions."

Compensation Committee Interlocks and Insider Participation

For information regarding certain transactions between the Company and
Matthew Jore, see the section captioned "Certain Relationships and Related
Transactions" on page 10.

None of our executive officers serve as a member of the board of directors
or compensation committee of any entity that has one or more executive officers
serving as a member of our Board of Directors or Compensation Committee.

Report of Audit Committee

In accordance with its written charter adopted by the Board of Directors
("Board"), the Audit Committee of the Board ("Committee") assists the Board in
fulfilling its responsibility for oversight of the quality and integrity of the
accounting, auditing, and financial reporting practices of the Company. During
fiscal year 2000, the Committee met four times, and the Committee chair, as
representative of the Committee, discussed the interim financial information
contained in each quarterly earnings announcement with appropriate members of
management and the independent auditors prior to public release.

In discharging its oversight responsibility as to the audit process, the
Committee obtained from the independent auditors a formal written statement
describing all relationships between the auditors and the Company that might
bear on the auditors' independence consistent with Independence Standards Board
Standard No. 1, "Independence discussions with Audit Committees." The Committee
discussed with the auditors any relationships that may impact their objectivity
and independence, and satisfied itself as to the auditors' independence. The
Committee also discussed with management and the independent auditors the
quality and adequacy of the Company's internal controls, including the
implementation of an internal audit function. The Committee reviewed with the
independent auditors their audit plans, audit scope, and identification of audit
risks.

The Committee discussed and reviewed with the independent auditors all
communications required by generally accepted auditing standards, including
those described in Statement on Auditing Standards No. 61 (as amended),
"Communication with Audit Committees" and, with and without management present,
discussed and reviewed the results of the independent auditors' examination of
the financial statements.

The Committee reviewed the audited financial statements of the Company as
of and for the fiscal year ended December 31, 2000, with management and the
independent auditors. Management has the responsibility for the preparation of
the Company's financial statements and the independent auditors have the
responsibility for the examination of those statements.

Based on the above-mentioned review and discussions with management and the
independent auditors, the Committee recommended to the Board that the Company's
audited financial statements be included in its Annual Report on Form 10-K for
the fiscal year ended December 31, 2000, for filing with the Securities and
Exchange Commission. The Committee also recommended the reappointment, subject
to shareholder approval, of the independent auditors and the Board concurred in
such recommendation.

Date: March 26, 2001 James K. Loebbecke
Chair

Thomas E. Mahoney
James P. Mathias
Members

Security Ownership of Management and Other Beneficial Owners

The following table sets forth certain information regarding the ownership
of the Company's Common Stock as of March 1, 2001, by: (i) each director; (ii)
each of the executive officers of the Company named in the Summary Compensation
Table under "Executive Officer Compensation" (the "Named Executive Officers");
(iii) all executive officers and directors of the Company as a group; and (iv)
all shareholders known by the Company to be beneficial owners of more than five
percent (5%) of its Common Stock:

Beneficial
Ownership Percent of
Beneficial Owner (1) Total
---------------- ---------- ----------

Matthew B. Jore ....................................... 8,116,281 (2) 58.2%
Michael W. Jore ....................................... 2,220,806 (3) 15.9%
David H. Bjornson ..................................... 109,588 (4) *
Thomas E. Mahoney ..................................... 25,000 (5) *
Jeffrey M. Heutmaker .................................. 18,000 (6) *
James K. Loebbecke .................................... 17,500 (7) *
James P. Mathias ...................................... 26,000 (8) *
Monte W. Giese ........................................ 109,485 (9) *
Kern Capital Management, LLC .......................... 785,200 5.6%
Wellington Management Company, LLP .................... 726,000 5.2%
Executive Officers and Directors as a group (8 persons) 7,983,780 56.3%

* Less than 1%.

(1) This table is based upon information supplied by officers, directors
and principal shareholders and pursuant to Schedules 13D filed with
the Securities and Exchange Commission ("SEC"). Beneficial ownership
is determined in accordance with SEC rules and generally requires that
the shareholder have voting or investment power with respect to the
securities in question. Shares of common stock issuable upon exercise
or conversion of options or warrants that are exercisable or
convertible within 60 days of March 1, 2001 are deemed to be
beneficially owned by the holder of such options or warrants but are
not outstanding for the purpose of computing the percentage ownership
of any other shareholder. Unless otherwise indicated in the footnotes
to this table and subject to community property laws where applicable,
the Company believes that each of the shareholders named in this table
has sole voting and investment power with respect to the shares
indicated as beneficially owned thereby. Applicable percentages are
based on 13,946,843 shares outstanding on March 1, 2001.
(2) Excludes 554,751 shares owned by Michael W. Jore, as Trustee of the
Matthew Jore Family Trust, as to which Matthew B. Jore disclaims
beneficial ownership; includes an aggregate of 2,047,311 shares that
may be acquired within 60 days of March 1, 2001, pursuant to
outstanding stock option agreements with Merle B. Jore and Michael W.
Jore.
(3) Excludes 550,985 shares owned by Matthew B. Jore, as Trustee of the
Michael Jore Trust, as to which Michael W. Jore disclaims beneficial
ownership.
(4) Includes 56,529 shares issuable upon exercise of vested options.
(5) Includes 25,000 shares issuable upon exercise of vested options.
(6) Includes 18,000 shares issuable upon exercise of vested options.
(7) Includes 7,500 shares issuable upon exercise of vested options.
(8) Includes 25,000 shares issuable upon exercise of vested options.
(9) Includes 80,000 shares issuable upon exercise of vested options.

Executive Officer Compensation

The following table discloses compensation paid to the Company's Chief
Executive Officer and the other executive officers of the Company whose total
compensation exceeded $100,000 during the fiscal year ended December 31, 2000
(the "Named Executive Officers"):

SUMMARY COMPENSATION TABLE

Long-Term
Annual Compensation
Compensation Awards
------------ ------
Securities All Other
Underlying Compensation
Name and Principal Positions Year Salary Bonus Options(#) (1)

Matthew B. Jore.............................. 2000 $238,461 $ 0 0 $ 18,230
Chairman of the Board; President; ........ 1999 250,000 0 0 12,449
Chief Executive Officer; Director ........ 1998 141,617 0 0 18,694

Michael W. Jore.............................. 2000 195,769 0 0 24,396
Executive Vice President; ................ 1999 200,000 0 0 17,339
Director ................................ 1998 138,491 0 0 21,823

David H. Bjornson ........................... 2000 160,661 0 0 16,001
Executive Vice President;................. 1999 143,715 0 0 3,764
General Counsel; Secretary; Director ..... 1998 3,846 0 0 0

Monte W. Giese............................... 2000 98,462 0 0 5,474
Chief Financial Officer

Jeffrey M. Heutmaker......................... 2000 129,166 0 0 7,943
Vice President - Strategic Initiatives.... 1999 71,784 0 0 2,701

- --------
(1) Includes Company contributions under the Company's 401(k) plan, health
insurance premiums, life insurance premiums and, for 1998, auto allowances.

Option Grants in 2000

The following table provides information relating to stock options awarded
to each of the Named Executive Officers during the fiscal year ended December
31, 2000:

Name Number of
Securities
Underlying % of Total
Options Options
Granted Granted to Exercise or Present Value
(# of Shares) Employees in Base Price Expiration Date at Date of Grant
(1) (2) 2000 ($/Sh) (3) (4)

Matthew B. Jore 0 0 N/A N/A N/A
Michael W. Jore 0 0 N/A N/A N/A
David H. Bjornson 0 0 N/A N/A N/A
Monte W. Giese 80,000 43.5% $5.69 4/3/2010 $326,560
Jeffrey M. Heutmaker 0 0 N/A N/A N/A

(1) These are options to acquire stock granted under the Amended and
Restated 1997 Jore Corporation Stock Plan.
(2) These options were granted at fair market value at the date of grant,
and were 100% vested at grant.
(3) These options could expire earlier in certain situations.
(4) The value was computed using the Black Scholes method of valuation,
with the following assumptions: expected volatility 78.26%; risk-free
rate of return 5.88%; dividend yield 0%; and time of exercise 6 years.
There are no adjustments made for nontransferability or risk of
forfeiture.

Aggregated Option Values as of Year-End 2000

The following table provides information regarding the aggregate number of
options exercised during the fiscal year ended December 31, 2000, by each of the
Named Executive Officers and the number of shares subject to both exercisable
and unexercisable stock options as of December 31, 2000.

Aggregated Option Exercises in 2000
and 2000 Year-End Option Values

Shares Value
Acquired Realized Number of Securities Value of Unexercised
on ($) Underlying Unexercised In-The-Money Options at end of
Name Exercise Options at end of 2000 2000 (1)
Exercisable Unexercisable Exercisable Unexercisable

Matthew B. Jore 0 0 N/A N/A N/A N/A
Michael W. Jore 0 0 N/A N/A N/A N/A
David H. Bjornson 0 0 56,529 53,059 $3,853 $2,568
Monte W. Giese 0 0 80,000 0 0 0
Jeffrey M. Heutmaker 0 0 26,000 16,000 0 0

(1) The value of unexercised in-the-money options is based on the difference
between the fair market value of the shares of Common Stock underlying the
options at December 31, 2000, based on the closing price of $4.625 per share of
the Company's Common Stock as reported on the Nasdaq National Market, and the
exercise price of such options.

Matthew B. Jore Employment Agreement

In June 1999, the Company entered into an employment agreement with Matthew
B. Jore, the Chief Executive Officer. During the five-year term of the
agreement, Mr. Jore will be paid an annual salary of $250,000, and will be
entitled to all employer-paid and subsidized benefits commonly provided to all
full-time employees, including medical insurance, as well those benefits
provided to officers of the Company, including disability and life insurance
benefits. In addition, the employment agreement contains a non-competition
provision that prohibits Mr. Jore from participating in the business of
manufacturing or distributing tool accessories for one year following his
termination of employment with the Company.

Michael W. Jore, David H. Bjornson, Monte W. Giese and Jeffrey M. Heutmaker
Employment Agreements

In 2000, the Company entered into employment agreements with Michael W.
Jore, Executive Vice President, David H. Bjornson, Executive Vice President and
General Counsel, Monte W. Giese, Chief Financial Officer, and Jeffrey M.
Heutmaker, Vice President - Strategic Initiatives. During the five-year term of
the agreements, they were to be paid $200,000, $159,100, $140,000 and $129,100,
respectively, and were entitled to all employer-paid and subsidized benefits
commonly provided to all full-time employees, including medical insurance, as
well those benefits provided to officers of the Company, including disability
and life insurance benefits. In addition, the employment agreements contain a
non-competition provision that prohibits each of the officers from participating
in the business of manufacturing or distributing tool accessories for one year
following his termination of employment with the Company.

Report of Compensation Committee on Executive Compensation

Executive Compensation Philosophy

The Compensation Committee of the Board of Directors is comprised of two
outside directors and Matthew B. Jore, the Chief Executive Officer. The
Compensation Committee is responsible for evaluating compensation levels and
compensation programs for executives and for making recommendations to the Board
regarding appropriate compensation awards for executive management.

The executive compensation program of the Company is designed to attract,
retain and motivate executive officers capable of leading the Company to meet
its business objectives, to incentivize executive management, to enhance long
term shareholder value and to reward executive management based on contributions
to both the short and long term success of the Company. The Compensation
Committee's philosophy is for the Company to use compensation policies and
programs that align the interests of executive management with those of the
shareholders and to provide compensation programs that incentivize and reward
both the short and long term performance of the executive officers based on the
success of the Company in meeting its business objectives.

Executive Compensation Components

Base Salary. Recommendations for base salaries for executive officers are
made at levels believed by the Compensation Committee to be sufficient to
attract and retain qualified executive officers based on the stage of
development of the Company and the market practices of other companies. A change
in base salary of an executive officer is based on an evaluation of the
performance of the executive, prevailing market practices, and the performance
of the Company as a whole. In determining recommended base salaries, the
Compensation Committee not only considers the short-term performance of the
Company, but also the success of the executive officers in developing and
executing the Company's strategic plans, developing management employees and
exercising leadership in the development of the Company.

Incentive Bonus. The Compensation Committee believes that a portion of the
total cash compensation for executive officers should be based on the Company's
success in meeting its short-term performance objectives and contributions by
the executive officers that enable the Company to meet its long-term objectives,
and has structured the executive compensation program to reflect this
philosophy. This approach creates a direct incentive for executive officers to
achieve desired short-term corporate goals that also further the long-term
objectives of the Company, and places a portion of each executive officer's
annual compensation at risk.

Stock Options. The Compensation Committee believes that equity
participation is a key component of the Company's executive compensation
program. Stock options are awarded by the Board of Directors to executive
officers primarily based on potential contributions to the Company's growth and
development and marketplace practices. These awards are designed to retain
executive officers and to motivate them to enhance shareholder value by aligning
the financial interests of executive officers with those of shareholders. Stock
options provide an effective incentive for management to create shareholder
value over the long term because the full benefits of the option grants cannot
be realized unless an appreciation in the price of the Company's Common Stock
occurs over a number of years.

Compensation of Chief Executive Officer

The compensation paid to the Company's Chief Executive Officer was a base
compensation of $250,000, reduced in late 2000 based on the financial
performance of the Company. There was no incentive compensation paid, and, other
than the reduction effected in late 2000, there was no relationship between the
Company's performance and the compensation.

Compensation Committee

James P. Mathias
James K. Loebbecke
Matthew B. Jore

Comparison of Fifteen Month Cumulative Total Return

The following graph sets forth the cumulative total shareholder return on
an initial $100 investment in our Common Stock since September 23, 1999*, the
date our Common Stock began trading on the Nasdaq National Market. The graph
also contains for comparison the Nasdaq Stock Market Index and S & P
Manufacturing (Specialized). The past performance of our Common Stock is not an
indication of future performance. We cannot assure you that the price of our
Common Stock will appreciate at any particular rate or at all in future years.

STOCK PERFORMANCE GRAPH

EDGAR REPRESENTATION OF DATA POINTS USED IN PRINTED GRAPHIC

Peer Group Cummulative Total Return
------------------------
9/23/99 12/99 12/00

Jore Corporation 100.00 78.13 46.25
Nasdaq Stock Market (U.S.) 100.00 148.03 89.07
S&P Manufacturing (Specialized) 100.00 109.69 93.25

Beginning Cummulative
Transaction Closing No. of Dividend Dividend Shares Ending Total
Date Type Price Shares per Share Paid Reinvested Shares Return
---- ---- ----- ------ --------- ---- ---------- ------ ------

9-23-99 Begin 10.000 10.00 10.00 100.00
12-31-99 Year End 7.813 10.00 10.00 78.13
12-31-00 End 4.625 10.00 10.00 46.25

* $100 INVESTED ON 9/23/99 IN JORE CORPORATION STOCK OR ON 8/31/99 IN INDEX -
INCLUDING REINVESTMENT OF DIVIDENDS

This graph is based on an initial stock price of $10.00 per share, the
price at which our Common Stock was offered in our initial public offering; the
closing price on the Nasdaq National Market on the first day of trading was
$12.31.

Certain Relationships and Related Transactions

Manufacturers' Sales Associates, LLC / William Steele

Manufacturers' Sales Associates, LLC ("MSA"), a limited liability company
in which William Steele, one of the Company's former directors, has a 20%
membership interest, markets Jore Corporation products under a Sales and
Marketing Agreement for which it receives a percentage of certain sales of the
Company. Pursuant to the Sales and Marketing Agreement, MSA receives commissions
based upon a percentage of certain sales of the Company. During 2000, the
commissions earned by MSA were $1,380,800. As of December 31, 2000, the Company
had prepaid commissions to MSA of $412,800. The Company is winding down its
relationship with MSA.

Consulting Agreement / Thomas E. Mahoney

In 1999, we entered into an agreement with Thomas E. Mahoney, one of the
Company's directors, pursuant to which Mr. Mahoney provides consulting services
relating to Jore Corporation's business development activities. The Company paid
$115,000 to Mr. Mahoney in January 2001 for services rendered by him in 2000,
and has agreed to pay $55,000 to Mr. Mahoney for services in 2001.

Notes Receivable from Messrs. Matthew and Michael Jore

As of December 31, 2000, Matthew and Michael Jore were each indebted to us
in the amount set forth opposite his respective name in connection with
shareholder advances related to his shareholdings in Jore Corporation. The notes
bear interest at the applicable federal rate:

Largest Aggregate Indebtedness
Amount of Indebtedness Outstanding as of
during FY 2000 December 31, 2000

Mathew B. Jore................ $572,556 $568,892
Michael W. Jore............... 510,244 510,244

Notes Payable to Shareholders

As of December 31, 2000, we were indebted to each of the following
shareholders in the amounts set forth opposite his name in connection with loans
made by such shareholders to us. The notes bear interest at 10% and are
repayable within 30 days of demand by such shareholders:

Largest Aggregate Indebtedness
Amount of Indebtedness Outstanding as of
during FY 2000 December 31, 2000

Mathew B. Jore................ $400,000 $107,586
Michael W. Jore............... 101,896 -0-
Merle Jore (1)................ 174,264 176,790
Monte W. Giese................ 50,000 51,000

(1) Father of Matthew and Michael Jore

Section 16 (a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934 requires that the
Company's directors, executive officers and greater-than-10% shareholders file
reports with the SEC relating to their initial beneficial ownership of Jore's
securities and any subsequent changes to their shareholdings. They must also
provide us with copies of the reports. Based on copies of reports furnished to
us, each of these reporting persons complied with their filing requirements
during 2000.

2. PROPOSAL FOR RATIFICATION OF INDEPENDENT ACCOUNTANTS

The Board of Directors has appointed Deloitte & Touche LLP as independent
accountants of the Company for the fiscal year ending December 31, 2001, and has
further directed that the selection of such independent accountants be submitted
for ratification by the shareholders at the Annual Meeting. The Company has been
advised by Deloitte & Touche LLP that neither that firm nor any of its
associates has any relationship with the Company other than the usual
relationship that exists between independent accountants and clients. Deloitte &
Touche LLP will have one or more representatives at the Annual Meeting who will
have an opportunity to make a statement and will be available to respond to
appropriate questions from shareholders.

THE BOARD OF DIRECTORS RECOMMENDS A VOTE FOR THE RATIFICATION OF THE APPOINTMENT
OF DELOITTE & TOUCHE LLP AS INDEPENDENT ACCOUNTANTS FOR THE FISCAL YEAR ENDING
DECEMBER 31, 2001.

The Company's Bylaws do not require that shareholders ratify the selection
of Deloitte & Touche LLP as our independent accountants. We are seeking
shareholder ratification because we believe it is a matter of good corporate
practice. If the votes cast in favor of ratification of the appointment of
Deloitte & Touche LLP as independent accountants do not exceed the votes cast
against such action, the selection of other independent accountants will be
considered by the Board of Directors.

3. OTHER MATTERS

OTHER BUSINESS

The Board of Directors does not intend to bring any other business before
the meeting, and knows of no other matters to be brought before the meeting. If,
however, other matters are presented for a vote at the meeting, the proxy
holders (the individuals designated on the proxy card) will vote your shares
according to their judgment on those matters.

SOLICITATION OF PROXIES

The Board of Directors of the Company solicits the proxy accompanying this
Proxy Statement. Officers, directors, and regular supervisory and executive
employees of the Company, none of whom will receive any additional compensation
for their services, may solicit proxies. Such solicitations may be made
personally, or by mail, facsimile, telephone, messenger, or via the Internet.
The Company will pay persons holding shares of Common Stock in their names or in
the names of nominees, but not owning such shares beneficially, such as
brokerage houses, banks, and other fiduciaries, for the expense of forwarding
solicitation materials to their principals. The Company will pay all of the
costs of solicitation of proxies.

LIST OF SHAREHOLDERS

A list of shareholders entitled to vote at the meeting will be available
for examination at Jore Corporation's corporate headquarters, 45000 Highway 93
South, Ronan, Montana 59864, for ten days before the 2001 Annual Meeting, and at
the Annual Meeting.

PROPOSALS OF SHAREHOLDERS

Proposals of shareholders intended to be presented at the 2002 Annual
Meeting of Shareholders must be received by the Company no later than December
15, 2001 to be included in the Company's Proxy Statement and form of proxy
related to that meeting. Shareholders who intend to present a proposal at the
2002 Annual Meeting of Shareholders without inclusion of such proposal in the
Company's proxy materials are required to provide notice of such proposal to the
Company no later than December 15, 2001. Shareholders are advised to review the
Company's Bylaws, which contain additional advance notice requirements,
including requirements with respect to advance notice of shareholder proposals
and director nominations.
12

VOTING TABULATION

Under the Montana Business Corporation Act and the Company's Bylaws, the
election of the Company's Directors and the approval of the other actions
described herein require a majority of the votes eligible to vote be represented
in person or by proxy at the meeting to provide a quorum, and that more votes
are voted in favor of election or approval than those against the proposal.

ADDITIONAL INFORMATION

The Company's Annual Report for the fiscal year ended December 31, 2000 was
first mailed to the shareholders of the Company with this Proxy Statement on or
about May 4, 2001. The Annual Report is not to be treated as part of the proxy
solicitation material or as having been incorporated by reference herein.

A copy of our Annual Report on Form 10-K for the fiscal year ended December
31, 2000, as filed with the SEC, excluding exhibits, may be obtained by
shareholders without charge by written request to Investor Relations, Jore
Corporation, 45000 Highway 93 South, Ronan, Montana 59864. The report is also
available through the Company's website, www.Jorecorporation.com.

Incorporation by Reference

To the extent that this Proxy Statement is incorporated by reference into
any other filing by Jore Corporation under the Securities Act of 1933 or the
Securities Exchange Act of 1934, the sections of this Proxy Statement entitled
"Report of Compensation Committee on Executive Compensation" and "Stock
Performance Graph", as well as the Audit Committee Charter attached as Appendix
A, are not "soliciting material," are not deemed filed with the SEC, and will
not be deemed incorporated, unless otherwise specifically provided in such
filing.

Ronan, Montana April 25, 2001

By order of the Board of Directors,

David H. Bjornson
Secretary