Mr. Rick Kusmirski reports

JNR/ALTIUS EXTEND MINERALIZED ZONE AT THE KOORAE CU-MO-AU-AG PROSPECT, TOPSAILS PROJECT, NEWFOUNDLAND

JNR Resources Inc. has released geochemical results from the Koorae copper-molybdenum-gold-silver prospect on its Topsails uranium/rare earth elements/copper project in west-central Newfoundland. The Topsails project is a 50/50 partnership between the company and Altius Resources Inc. that was established to explore for volcanic-hosted uranium deposits in a defined area of west-central Newfoundland near the mining community of Buchans.

Highlights from grab samples collected from the main 235-metre-long area exposed at the Koorae prospect include 0.84 per cent Cu, 0.9 gram per tonne Ag and 0.02 per cent Mo, and up to 0.41 per cent Cu within its eastern extension. South of the main mineralized area up to 0.91 per cent Cu, 3.9 grams per tonne Ag and 0.008 per cent Mo have been observed. At the West trench, discontinuous base metals mineralization with up to 0.20 per cent Cu and 0.22 per cent Pb was identified.

The 2010 exploration program, budgeted at approximately $500,000, focused on the Koorae Cu-Mo-Au-Ag prospect and five other significant areas (Railway U showing, Sheffield Lake South Cu prospect, Long Range Mountain U-REE prospects A and B, and Catcher's Pond Cu prospect). Extensive trenching of the Koorae prospect area was carried out, including extending the main porphyry zone of Cu mineralization to a length of 200 metres and excavating additional trenches over nearby soil geochemical anomalies. Detailed geological mapping and extensive sampling were completed on all the trenches, as well as an IP/resistivity survey over the prospect area.

In 2008, reconnaissance prospecting on the Topsails project resulted in the discovery of mineralized boulders which returned assays up to 3.5 per cent Cu, 0.12 per cent Mo, 35.1 grams per tonne Ag and 0.18 gram per tonne Au. Follow-up trenching, mapping and sampling (rock and soil) in 2009 identified a mineralized area approximately 100 metres by 15 metres in size and consisting of disseminated and fracture-related copper mineralization in quartz-feldspar porphyry, altered volcanic rocks, and tectonized granite. (See JNR news release in Stockwatch dated Nov. 30, 2009.)

The western extension of the main mineralized trench is dominated by QFP with lesser amounts of mafic and felsic volcanic rocks, and mafic dikes. Copper mineralization is ubiquitous in the porphyry with samples returning up to 0.84 per cent Cu, 0.9 gram per tonne Ag and 0.02 per cent Mo. The eastern extension of the main trench, comprising altered felsic volcanic rocks with lesser amounts of mafic dikes and quartz diorite, reveals a portion of the previously identified high-grade zone. Significant Cu mineralization occurs in this excavation with up to 0.29 per cent Cu, 1.5 grams per tonne Ag and 0.07 per cent Mo from welded tuffs and 0.41 per cent Cu from a rhyolitic flow.

The south trench (south of the main mineralized area), comprises weakly to moderately foliated granodiorite and lesser mafic dike(s). Cu mineralization has been observed in the granodiorite with samples returning up to 0.91 per cent Cu, 3.9 grams per tonne Ag and 0.008 per cent Mo.

The West trench (located approximately 500 metres west of the main mineralized area) is dominated by massive mafic volcanic rocks with lesser felsic volcanic rocks (dikes?). Mineralization is irregular with up to 0.20 per cent Cu and 0.22 per cent Pb within altered mafic volcanic rocks with quartz-epidote veinlets, malachite, pyrite and galena.

The last three trenches (North trench No. 1, North trench No. 2 and East trench) entirely comprise QFP. Minor Cu mineralization has been observed in the East trench, whereas the two North trenches are essentially unmineralized. Hematite alteration in all three trenches is less extensive than that of the main Koorae showing.

As part of their 2011 Topsails exploration program, the companies are planning additional soil geochemistry surveys and trenching, to further extend the Koorae prospect area.

JNR's director of exploration, Dr. Irvine R. Annesley, PGeo, is the qualified person responsible for the technical data presented in this release.

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