/NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
SASKATOON, May 4, 2012 /CNW/ - JNR Resources Inc.(TSXV: JNN) ('JNR' or the 'Company') is pleased to announce the closing of its
private placement totalling $825,000. These funds were raised through
the issue by JNR of 6,500,000 units at a price of $0.10 per unit. Each
unit will consist of one common share and one-half of one common share
purchase warrant. Each full warrant is exercisable for eighteen months
from closing into one common share at $0.15 per share. In addition
1,750,000 flow-through shares were issued at a price of $0.10 per
share.
A commission of $48,000 and 480,000 broker warrants entitling the holder
to acquire one common share at an exercise price of $0.15 for a period
of 18 months from the date of issuance was paid to Toll Cross
Securities Inc. as consideration for arranging a portion of the private
placement.
The shares issued pursuant to the Private Placement are subject to a
hold period expiring September 2, 2012.
The funds raised by way of the private placement will be used for
exploration programs on JNR's properties located in northern
Saskatchewan.
JNR is a junior resource company currently engaged in the exploration
and development of mineral properties in the provinces of Saskatchewan
and Newfoundland. JNR has a varied interest in several prospective
uranium properties in the Athabasca Basin of northern Saskatchewan that
have been and will continue to be the focal point of JNR's exploration
efforts.
ON BEHALF OF THE BOARD
Rick Kusmirski
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.