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Press release from CNW Group

JNR Announces $3.0 Million Financing

Monday, November 05, 2012

JNR Announces $3.0 Million Financing18:40 EST Monday, November 05, 2012/NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./ TSXV:JNNEmail:  info@jnrresources.comWebsite:  www.jnrresources.comSASKATOON, SK, Nov. 5, 2012 /CNW/ - JNR Resources Inc. (TSXV:JNN) ("JNR") is pleased to announce that it has entered into an agreement with Toll Cross Securities Inc. (the "Agent") to complete a private placement financing (the "Offering"), on a commercially reasonable efforts agency basis, for the issue of up to 34,615,384 flow-through common shares ("Flow-Through Shares") at a price of $0.065 per Flow-Through Share for gross proceeds of approximately $2,250,000, and 13,636,364 units at $0.055 per unit for gross proceeds of $750,000. Each unit will consist of one 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 $0.10 per share. In addition, the Agent has been granted the option to sell an equivalent dollar value of units in lieu of Flow-Through Shares and can increase the size of the Offering by approximately $450,000 (15%).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).  The net proceeds from the sale of the units 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 November 23, 2012 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 BOARDRick KusmirskiPresident & CEONeither 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. SOURCE: JNR Resources Inc.For further information: Contact JNR Resources at 306.382.2211 or 877.567.6463