02/16/2005- acquisition of a 70% Altius Minerals

[Franko10 ™]

News Release - Wednesday, February 16, 2005
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February 17, 2005 - JNR Resources Inc. (TSX.V: JNN) wishes to announce
that it has now issued 125,000 shares towards its acquisition of a 70%
interest in Altius Minerals Corporation's 11,000 hectare Rocky Brook
uranium property, located in western Newfoundland. The 125,000 shares
are subject to a hold period until June 4, 2005.

Under the terms of the agreement, JNR may also make optional cash/share
payments to Altius totaling $172,000 within three years and incur a
total of $2,525,000 in exploration expenditures on the property over
four years, with a minimum first year commitment of $275,000.

The Rocky Brook property covers the northeast margin of the
Carboniferous Deer Lake Basin and features three distinct areas of
unsourced, altered and mineralized sandstone boulders that returned
uranium values of up to 11.5% U3O8. Exploration programs carried out
over the past two years outlined specific untested areas from which the
uranium-mineralized boulders are thought to have originated.

These areas will be the focus of a diamond drilling program that will
be carried out in 2005; the details and timing of which will be
formalized at a Joint Venture meeting to be held in early March.

ON BEHALF OF THE BOARD

"Rick Kusmirski"

Rick Kusmirski,
President


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

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Copyright (c) 2005 JNR RESOURCES INC. (JNN-TSXV) All rights reserved.
For more information visit our website at www.jnrresources.com/
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Message sent on Thu Feb 17, 2005 at 10:24:21 AM Pacific Time
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