Craig Fox, organizer of MyGreatFest, the world's first jailbreak convention, confirms that the iPhone 5 jailbreak will be released once the event kicks off on September 17th,2011 if Apple releases it in August.It seems like those attending the MyGreatFest event in London will be in for a pleasant surprise. The yet to be released untethered jailbreak to jailbreak iOS 5 and the iPhone 5 will be demonstrated live at the event by p0sixninja, the creator of the flagship jailbreak tool greenpoison.

Have a look at Craig Fox's tweet below...

Joshua Hill aka p0sixninja, a member of Chronic Dev Team and creator of greenpoison jailbreak, will reportedly develop iPhone 5 jailbreak. p0sixninja has also confirmed that iPad 2 jailbreak by Comex is almost ready, he will find exploits to jailbreak the iPhone 5 as soon as it is released this Fall.

p0sixninja and Craig Fox are going to hold a live Q/A session at VizBoxTV this Saturday at 8PM GMT (3PM EST for Americans), as well as a giveaway. Stay tuned for more info on upcoming developments in the jailbreak community.