JNR Resources Inc JNRRF

o/t more demonstration of Lundin power

[BlindBoy]

I don't for a second regret that JNN is tied in with IUC, because the association with the Lundins has opened a lot of doors for JNN. Anybody really want to be back at $0.05, still struggling to raise $50,000 . Look what Lundin's Tenke did: Tenke Raises $8.25 Million in Bought Deal Private Placement Symbol: TNK Industry: NFR Subject: FNC FOR: TENKE MINING CORP. TSX SYMBOL: TNK FEBRUARY 11, 2004 Tenke Raises $8.25 Million in Bought Deal Private Placement VANCOUVER, BRITISH COLUMBIA--NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. Tenke Mining Corp. (the "Company") announces that it has agreed to sell to a syndicate of underwriters led by GMP Securities Ltd. and including Dundee Securities Inc. and Pacific International Securities Inc., on a "bought deal" basis, 3.0 million common shares of the Company by way of private placement at Cdn$2.75 per common share for aggregate proceeds of $8.25 million. The Company has also given the underwriters an option to purchase an additional 1.0 million common shares of the Company at Cdn$2.75 until closing potentially raising up to $11.0 million. The private placement is subject to regulatory approval. Net proceeds of the private placement will be used towards its copper/gold exploration programs in Argentina as well as for general working capital purposes. Tenke has an extensive land package in Argentina encompassing over 958,000 hectares covering key prospective gold and base metal regions in the country. The 2004 exploration programs will focus on the Batidero, Lirio-Josemaria and Vicuna group of copper/gold projects in northwest San Juan province. The Company's Tenke Fungurume copper-cobalt deposits comprise one of the world's largest known copper-cobalt resources and are capable of being developed into a large scale, long-life mine demonstrating low operating costs. The deposits, containing extensive high-grade mineralization, are located within two concessions totaling 1,437 square kilometres in Katanga Province, Democratic Republic of Congo ("DRC"). This press release shall not constitute an offer of securities for sale in the United States. Securities of Tenke Mining Corp. may not be offered or sold in the United States absent registration or an exemption from registration. ON BEHALF OF THE BOARD Paul Conibear, President