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Re: News Releases - Monday, February 26, 2007
JNR Announces $15 Million Financing
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Not for dissemination to United States newswire services or for
dissemination in the United States.

Saskatoon, SK, February 26, 2007 - JNR Resources Inc. (TSXV:JNN)
("JNR") is pleased to announce that it has entered into an agreement
with a syndicate of agents led by Wellington West Capital Markets Inc.
and including Toll Cross Securities Inc. and Versant Partners Inc. (the
"Agents") to complete a private placement financing (the "Offering"),
on a best-efforts agency basis, for the issue of up to 1,600,000
flow-through common shares ("Flow-Through Shares") at a price of $4.70
per Flow-Through Share for gross proceeds of approximately $7.5 million
and up to 2,000,000 common shares ("Common Shares") at $3.80 per Common
Share for additional gross proceeds of up to approximately $7.6
million. In addition, the Agents have been granted the option to
increase the size of the Offering by approximately 660,000 additional
Common Shares for additional gross proceeds of approximately $2.5
million.

JNR will ensure that gross proceeds from the sale of the Flow-Through
Shares will be used to incur Canadian Exploration Expenses for the
purposes of the Income Tax Act (Canada) and such Canadian Exploration
Expenses will be renounced with an effective date of no later than
December 31, 2007. The net proceeds from the sale of the Common Shares
will be used to fund exploration efforts on JNR's properties and for
general working capital purposes. All securities issued in connection
with the Offering will be subject to a four month hold period. The
Offering is scheduled to close on or about March 20, 2007 and is
subject to regulatory approval.

The securities being offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in
the United States in the absence of registration or an applicable
exemption from the registration requirements. This press release does
not constitute an offer to sell or the solicitation of an offer to
purchase securities in the United States.

JNR is a junior resource company currently engaged in the exploration
and development of mineral properties in the provinces of Saskatchewan
and Newfoundland. The company 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

For further information contact JNR Resources at 306.382.2211 or
877.567.6463

THE TSX VENTURE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS NEWS RELEASE.

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Copyright (c) 2007 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at http://www.jnrresources.com/
or send mailto:info@jnrresources.com
Message sent on Mon Feb 26, 2007 at 1:05:14 PM Pacific Time
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