JJR II Acquisition and Wellkan Resources close qualifying transaction

On June 16, 2009, JJR II Acquisition Inc. ("JJR") (TSX VENTURE:JJR.P) and Wellkan Resources Limited announced that the acquisition of all issued and outstanding securities of Wellkan by JJR by way of share exchange pursuant to an Acquisition Agreement dated April 19, 2009 had been completed. The transaction constitutes the qualifying transaction of JJR as such term is defined by Policy 2.4 of the TSX Venture Exchange (the "TSXV") and the Corporation will be listed for trading on the TSXV as a Tier 1 company under the symbol JJR.

JJR was advised in this matter by a team from Fasken Martineau including Rubin Rapuch and Alex Nikolic.