Jupiter Resources Signs Letter of Intent to Acquire NatProv Holdings

VANCOUVER, March 30 /PRNewswire-FirstCall/ -- Jupiter Resources, Inc. (OTC
Bulletin Board: JPIT) is pleased to announce it has entered into a Letter of
Intent to purchase 100% of the issued and outstanding common shares of NatProv
Holdings, Inc. ("NatProv"). NatProv, through its 81%-owned operating
subsidiary, is a specialty insurance company offering reinsurance products in
markets where traditional reinsurance alternatives are limited. It also
directly sells a variety of property and casualty insurance products to
businesses around the world.

For the year ended December 31, 2008, NatProv's operating subsidiary had gross
revenue of $15,006,827, net income of $5,833,870, and total shareholders'
equity of $29,851,191.

NatProv's direct insurance business currently includes a suite of business
property and casualty insurance products, such as directors and officers
liability insurance, financial guarantee insurance, excess and umbrella
liability insurance, business income insurance, and inland marine and product
liability insurance. The business of reinsurance is an arrangement whereby
the reinsurer agrees to indemnify its client insurance company against all or
a portion of the insurance risks underwritten by the client under one or more
insurance policies. As a reinsurer, NatProv assumes a portion of the insurer's
risk in exchange for a portion of the premium payable by the insured to the
primary insurer. Reinsurance provides an insurer with several benefits,
including a reduction in net liability on individual risks and catastrophe
protection from large or multiple losses. Reinsurance also provides the
insurance company with additional underwriting capacity by permitting it to
accept larger risks and write more business than would be possible without a
related increase in capital and surplus.

NatProv's reinsurance strategy is to build a portfolio of customized
"frequency" and "severity" reinsurance agreements with select insurance
companies that are designed to meet the needs of the insurer that are not
being met in the traditional reinsurance marketplace. "Frequency" reinsurance
contracts typically contain a potentially large number of small losses from
multiple events, whereas "severity" contracts have the potential for
significant losses from one event. As an example of a frequency reinsurance
contract, NatProv's reinsurance business currently consists of reinsuring
non-standard personal automobile insurance policies for a United States
insurance carrier. The automobile insurance policies are designed to provide
coverage to drivers who ordinarily cannot obtain insurance from standard
carriers due to a variety of factors. Such policies generally are issued for
the minimum limits of coverage required under applicable state laws and have
relatively small individual premiums. However, they have a relatively high
frequency of losses.

NatProv intends to expand its reinsurance business to provide reinsurance
contracts to other business, property and casualty insurance companies
providing frequency and severity policy coverage. In addition to underwriting
customized contracts, NatProv may also, from time to time, participate in
traditional reinsurance programs that it believes will provide it with
favorable returns on equity. NatProv intends to underwrite reinsurance
contracts only where it believes it can model, analyze and monitor its risks
effectively. Its underwriters are responsible for both its reinsurance and its
direct property and casualty insurance contracts from origination to final
disposition, including underwriting, pricing, servicing, monitoring and claims
proceeds. NatProv believes that this integrated approach will translate to
superior contract management, better client service and superior economic
returns over the long term.

NatProv's investment strategy, like its reinsurance strategy, is designed to
maximize returns over the long term while minimizing the risk of capital loss.
Unlike the investment strategy of many of its competitors, which invest
primarily in fixed-income securities either directly or through fixed-fee
arrangements with one or more investment managers, its investment strategy is
to invest in long and short positions primarily in publicly-traded equity and
corporate debt securities.

Jupiter Resources was incorporated in June 2006 to exploit a mineral claim in
Canada. Jupiter believes that recent global financial conditions may have
resulted in companies in the financial services sector being available at
attractive valuations. The Letter of Intent to acquire NatProv represents
Jupiter's entry into this new business segment of financial services. Jupiter
intends to suspend operation of its current mineral exploration business
segment.

The proposed transaction is subject to the negotiation and execution of
definitive agreements, due diligence and regulatory approval.

Safe Harbor Statement
This news release contains various forward-looking statements which consist of
any statement other than a recitation of historical fact and can be identified
by the use of forward-looking terminology such as "may," "expect,"
"anticipate," "estimate," "plan," "continue" or the negative thereof or other
variations thereon or comparable terminology. The reader is cautioned that all
forward-looking statements are speculative, and there are certain risks and
uncertainties that could cause actual events or results to differ from those
referred to in such forward-looking statements.

We caution that these statements are further qualified by important factors
that could cause actual results to differ materially from those contained in
the forward-looking statements, that these forward-looking statements are
necessarily speculative, and there are certain risks and uncertainties that
could cause actual events or results to differ materially from those referred
to in such forward-looking statements. These risks and uncertainties include
those set forth from time to time in our filings with the Securities and
Exchange Commission. We are under no obligation, and do not undertake any
duty, to update these forward-looking statements at any time.

SOURCE Jupiter Resources, Inc.

Vicki Smith for Jupiter Resources, Inc., +1-212-631-5805,
investorrelations@jupiterresources.net