JNR Resources — private placement

[Franko10 ™]

VANCOUVER, BC--(BUSINESS WIRE)--Feb. 6, 1996--JNR Resources Inc. (VSE:JNN) Mr. Dale W. Hoffman, president of JNR Resources Inc. (the "Company"), wishes to report that the Company has negotiated, subject to regulatory acceptance, a $100,000 private placement, to consist of 192,308 units at a price of $0.52 per unit, each unit to consist of one flow-through common share and one share purchase warrant, each warrant entitling the holder to purchase an additional flow-through or ordinary common share for a period of two years, at $0.52 in the first year and at $0.60 in the second year. The proceeds will be utilized to finance continued exploration of the northeastern Ontario diamond project properties in which the Company has the right to earn a 50 percent interest pursuant to the August 15, 1995 option agreement with Consolidated Pine Channel Gold Corp.. -0-

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CONTACT: Dale W. Hoffman

President

[phone]

or

[phone]

[phone] (Fax)

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