JNR Resources Inc fka JNN

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Standard & Poor's Initiates Factual Stock Report Coverage on JNR Resources Inc.

Wednesday January 16, 11:43 am ET

http://biz.yahoo.com/bw/080116/20080116005826.html?.v=1

NEW YORK--(BUSINESS WIRE)--Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on JNR Resources Inc.

JNR Resources Inc. (TXV:JNN) is a Canadian junior resource company engaged in the exploration and development of mineral properties in the provinces of Saskatchewan and Newfoundland. JNR Resources 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 the company's exploration efforts.

The company's holdings in the Athabasca Basin include a 100% interest in five properties totaling 164,626 hectares, a 30,767-hectare joint venture with Denison Mines Corp. where JNR Resources holds a 40% interest, and an additional seven properties totaling 166,750 hectares in which Denison has earned or has the option to earn varying interests.

During the third quarter of 2007, a high resolution gradient magnetic survey was flown over the company's 100%-owned Crackingstone project. Airborne geophysical surveys were also completed over the South Fork option located in southwestern Saskatchewan and the South Cigar project. In addition, the company reported in December 2007 that the fall diamond drilling and trenching program on the Rocky Brook property in Newfoundland had been completed, along with an extensive exploration program including diamond drilling and property-scale prospecting on the company’s Way Lake project.

In October 2007, JNR Resources purchased two new diamond drills, and entered into an agreement with Dynamic Drilling Inc. of Saskatoon for a minimum of 20,000 meters of drilling. The company also holds an exclusive option for a further 20,000 meters of drilling. The drills will be used exclusively to facilitate drilling on the company's 100%-owned uranium properties in the Athabasca Basin, with drilling programs planned to begin in the winter of 2008 on the Way Lake, Black Lake, Newnham Lake and Yurchison Lake projects.

This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor’s service provides factual research coverage enabling information about JNR Resources Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.

About Standard & Poor's

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP - News), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

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Contact:
JNR Resources Inc.
Don Michasiw, 306-382-2211
[e-mail]
or
Standard & Poor's
Customer
Richard Albanese, 212-438-3647
[e-mail]
or
Media Relations
Michael Privitera, 212-438-6679
[e-mail]

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Source: Standard & Poor's