Mr. Rick Kusmirski reports

JNR ANNOUNCES PRIVATE PLACEMENT

JNR Resources Inc. is undertaking a non-brokered private placement in the amount of $3-million. These funds will be raised by the company issuing a total of six million units at a price of 50 cents per unit. Each unit will consist of one flow-through common share and one-half of one common share purchase warrant. Each full warrant is exercisable for 18 months from closing into one common share at 65 cents per share.

Commissions will be payable in connection with the private placement, in accordance with TSX Venture Exchange policies. Additionally, finders' warrants exercisable into common shares of JNR may be issued in an amount of up to 5 per cent of the number of units sold under this private placement. The private placement is subject to the approval of the TSX Venture Exchange.

The funds raised by way of the private placement will be used for exploration programs on the company's properties located in Saskatchewan.