JAZZ RESOURCES INC. 
 
   

  

April 27, 2007 

 

Jazz Resources Inc. (“the Company”) is pleased to announce further progress on the Company’s reactivation plan.  On December 19, 2006, the British Columbia Securities Commission (“BCSC”) granted a partial revocation of the cease trade order issued against the Company on March 28, 1990, for failure to file financial statements in a timely manner.

In connection with a partial revocation of the cease trade order, the Company entered into an agency agreement with Global Securities Corporation (“Global”) dated January 25, 2007; whereby, Global agreed to act as agent on a commercially reasonable efforts basis for a prospectus offering of a minimum of 2,000,000 common shares and a maximum of 2,500,000 common shares issuable at a price of $0.45 per common share.   

In furtherance of its reactivate application, the Company is pleased to announce that it has filed a preliminary prospectus with the BCSC and the Alberta Securities Commission on April 13, 2007. The Company also filed a technical report on its principal mineral property in accordance with National Instrument 43 -101 (Standards of Disclosure for Mineral Projects). 

The Company intends to use the proceeds of the prospectus offering to carry out the recommended exploration program set out in the prospectus and the technical report on its mineral properties located in the Revelstoke Mining division of British Columbia.

ON BEHALF OF THE BOARD OF DIRECTORS  

 

Bryan  Glen
President