Mr. Robert Klenk reports

JAZZ CLOSES BALANCE OF INCREASED NON-BROKERED PRIVATE PLACEMENT OF UNITS

Jazz Resources Inc. has closed the balance of its previously announced non-brokered private placement offering of units by issuing 1,264,750 units at a price of 80 cents per unit for gross proceeds of $1,011,800. Each unit comprised one common share in the capital of the company and one share purchase warrant. Each warrant shall entitle the holder to acquire one additional share in the capital of the company at a price of $1.20 per share for a period of 12 months after the date of issuance of the warrants.

In connection with the second tranche of the offering, the company has paid finders' fees to certain registered brokerage firms, comprising an aggregate cash payment of $49,500, and issued an aggregate of 61,875 non-transferable compensation warrants, substantially upon the same terms and conditions as the warrants. The units, shares, warrants, compensation warrants and any shares issued upon the exercise of the warrants or compensation warrants will be subject to a hold period of four months and one day from the date of issuance.

The company will use the net proceeds of the offering to advance the development of the Vila Nova gold project located in the state of Amapa, Brazil, and for general working capital purposes.

We seek Safe Harbor.