Mr. Rick Kusmirski reports

JNR EXTENDS AREAS OF URANIUM MINERALIZATION AT WAY LAKE

JNR Resources Inc. is providing geoanalytical results from the 2011 winter diamond drilling program on the company's 100-per-cent-owned Way Lake uranium project, located 55 kilometres east of the Key Lake uranium mine in the Athabasca basin of Northern Saskatchewan. Drilling has extended the Fraser Lakes zone B to the east-northeast, and anomalous uranium-thorium mineralization has been intersected in a new area, Fraser Lakes North.

The 2011 drilling program comprised 2,590 metres in 10 holes. Four holes tested the east-northeast extension of the Fraser Lakes zone B. Six holes tested ancillary structural/mineralized targets related to the Fraser Lakes zone B, located within previously untested portions of a folded, 65-kilometre-long electromagnetic graphite-sulphide-rich conductor system. Six of the 10 drill holes intersected anomalous radioactivity accompanied by significantly disrupted and locally clay-altered Wollaston-group graphitic-pelitic gneisses and uraniferous-granitic pegmatites.

Multiple intervals of uranium and/or thorium (U-Th) mineralization were intersected in four new holes (WYL-11-68, -69, -70 and -71; see the table) that tested Fraser Lakes zone B on its east-northeast end. The better U-Th intersections occur in drill holes WYL-11-68, -70 and -71, and are accompanied by highly anomalous concentrations of base metals and rare-earth-element (REE) enrichment. At a cut-off grade of 0.025 per cent U3O8, the results from WYL-11-68 and -70 are impressive. To date, drilling of this zone has identified an extensive area approximately 1,250 metres long by 650 metres wide of moderately dipping, multiple stacked uranium- and thorium-mineralized horizons, which are open to the southwest and east-northeast to a depth of at least 175 metres.

Anomalous radioactivity was intersected within a new area, Fraser Lakes North, located five kilometres northeast of Fraser Lakes zone B. Drill holes WYL-11-73 and -74 (see the table) report low-grade, basement-hosted U-Th mineralization in graphitic-pelitic gneisses and granitic pegmatites. These holes also exhibit evidence for major structural reactivation, significant clay alteration, uranium remobilization and basinal brine fluid circulation.

The exceptional exploration potential of the Fraser Lakes area is further supported by geoanalytical results from PIMA infrared spectroscopy of four holes drilled in the T-Bone Lake area (see news release June 17, 2010), located four kilometres west-southwest of Fraser Lakes North and due north of Fraser Lakes zone B. These results indicate a preponderance of the important pathfinder mineral, illite, within a major clay-filled fault system that was intersected in 2010.

Dave Billard, vice-president, exploration, and chief operating officer for JNR, comments: "These results confirm that the Fraser Lakes district has significant exploration upside, with many targets having the potential to host high-grade uranium mineralization. Geological and geochemical features identified in the Fraser Lakes district show distinct similarities to high-grade, basement-hosted discoveries in the Athabasca basin, such as Cameco's Millennium and Hathor's Roughrider deposits."

Results from the 2011 drilling program continue to demonstrate the significant uranium and metal endowment within the Fraser Lakes district and will be integrated within continuing exploration models to plan and facilitate JNR's next phase of drilling new targets.

                FRASER LAKES AREA -- SIGNIFICANT DRILL RESULTS
                    
DDH         From     To Width  U3O8  ThO2                         Other metals
No.          (m)    (m)   (m)   (%)   (%)                                  (%)

WYL-11-68 164.00 166.00  2.00 0.029 0.031          Cu 0.015, V 0.012, Zn 0.013
          172.00 173.00  1.00 0.074 0.088                   Cu 0.017, Pb 0.025
          173.50 174.50  1.00 0.035 0.039                   Cu 0.074, Pb 0.011
          209.50 211.00  1.50 0.028                           Anomalous Th, Pb
          212.00 213.50  1.50  0.05 0.031                             Pb 0.015
          232.80 233.50  0.70       0.034           Anomalous U, Cu, Pb and Zn
          281.60 282.10  0.50 0.076 0.181                    Pb 0.02, Zn 0.019

WYL-11-69 135.50 136.50  1.00 0.033 0.039                             Cu 0.012
          137.50 138.00  0.50                      Cu 0.044, V 0.009, Zn 0.008

WYL-11-70  99.50 100.00  0.50       0.051                          Anomalous U
          190.50 192.50  1.50             Cu 0.012, Ni 0.03, V 0.041, Zn 0.065
          198.20 199.20  1.00 0.098 0.080                   Pb 0.024, Zn 0.033
          208.00 211.00  3.00 0.053 0.054           Mo 0.017, Pb 0.018, V 0.01
          212.80 213.80  1.00 0.038 0.029                   Pb 0.014, Zn 0.012
          214.00 214.50  0.50 0.024                           Anomalous Mo, Th
          217.20 217.70  0.50 0.044 0.030
          218.20 218.70  0.50 0.045 0.040                             Mo 0.019
          220.50 221.00  0.50 0.025 0.023
          225.40 226.40  1.00 0.036 0.049         Cu 0.022, Mo 0.013, Zn 0.012
          234.50 236.00  1.50 0.025 0.021
          260.00 262.00  2.00 0.043 0.027                         Anomalous Pb

WYL-11-71 144.50 145.50  1.00       0.046
          148.00 149.50  1.50                              Anomalous Th, V, Zn
          150.50 151.00  0.50       0.047                      Anomalous Mo, U
          153.50 154.50  1.00       0.028
          212.00 214.00  2.00             Cu 0.031, Ni 0.041, V 0.039, Zn 0.02
          216.50 217.50  1.00                       Cu 0.012, Ni 0.03, V 0.027
          247.00 252.50  5.50                       Cu 0.023, V 0.017, Zn .014
          287.75 288.00  0.25                        Cu 0.51, V 0.015, Zn .009

WYL-11-72 142.50 143.50  1.00                      Ni 0.023, V 0.024, Zn 0.027

WYL-11-73 135.00 135.50  0.50       0.022                          Anomalous U
          197.50 203.00  5.50            Cu 0.023, Ni 0.039, V 0.041, Zn 0.061
including 197.50 199.00  1.50 0.002 0.002 Mo 0.01, Ni 0.049, V 0.056, Zn 0.176

WYL-11-74  41.00  43.50  2.50                                  Anomalous U, Th
          123.00 125.50  2.50                       Cu 0.011, V 0.016, Zn .015

Note: 
All holes were drilled at a 45- to 50-degree angle across the
lithostratigraphic/radioactive horizons on sections consisting of at least two 
drill holes. Widths represent downhole core lengths; true widths cannot be 
reliably estimated at this time. Cut-offs of 0.025 per cent U3O8 and 0.030 
per cent ThO2 were applied.

JNR's director of exploration, Dr. Irvine Annesley, PGeo, is the qualified person responsible for the technical data presented in this release. Samples were analyzed at the Saskatchewan Research Council Geoanalytical Laboratories in Saskatoon, Sask., a Standards Council of Canada-certified analytical laboratory. All technical information for the company's exploration projects is obtained and reported under a formal quality assurance and quality control program, details of which are presented on the company's website. A glossary of the technical terms included in this release can also be found on the company's website.

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