JNR Announces Closing of Private Placement

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