JNR Resources Inc JNRRF

RE: Notes from the AGM

[megphi]

Rick also talked about Pendleton lake. Although it is outside of the SE corner of the basin, the previous owners found many boulders grading up to 7% uranium. the property was brought to the attention of JNR by one of its directors, Dr. Les Beck, a pioneer of the uranium industry in Saskatchewan. JNR is doing more work on the source of the boulders and look to possibly drill the property this winter. And on yet another note, Rick mentioned that JNR is entertaining option agreements from many interested parties for its 100% owned Black Lake property. He mentioned he is leaning on holding off a little bit longer and waiting for an increased uranium price before signing any deal.