JNR Resources Provides Remaining 2008 Drilling Results from Way Lake by 24hgold

Keywords : Boron | Cobalt |

Re: News Releases - Friday, February 27, 2009
Title: JNR Provides Remaining 2008 Drilling Results from Way Lake

Saskatoon, SK, February 27, 2009 - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce that it has now received the final results from its 2008 exploration program, on its 100% owned Way Lake uranium project. The project lands are located 55 kilometres east of the Key Lake uranium mine in the Athabasca Basin of northern Saskatchewan and comprise 17 contiguous claims totalling 71,795 hectares.

The 2008 helicopter-supported program consisted of Diamond drilling and prospecting. A total of 48 holes comprising 11,985 metres were drilled on a variety of targets including the previously discovered EWA, West Way, Nob Hill, and Hook Lake showings, the Walker Lake conductive trend and a broad zone of newly discovered surface mineralization in the Fraser Lakes area. The results from prospecting and the drilling of 10 holes on the Fraser Lakes uranium showings were reported on November 14, 2008 and February 20, 2009. A planned 3,500-metre Diamond drilling program on these showings is currently underway. Results from the 38 remaining 2008 holes are discussed herein.

Eight holes (WYL-08-501 to 507 plus one abandoned hole) tested the EWA showings located west of Walker Lake in the southern half of the project area. These showings returned up to 0.492% U3O8 in surface grab samples and are associated with a graphitic shear zone that correlates with a northeast-trending conductive zone. All of the holes intersected variably radioactive granitic pegmatite dykes. The best results were obtained from hole WYL-08-501, which returned 0.082% U3O8 over 6.5 metres from 4.50 to 11.00 metres, including a 3.5 metre intercept of 0.113% U3O8. Associated with the mineralization are anomalous boron, lead, nickel and molybdenum values.

At the Walker River grid, 14 holes (WYL-08-15 to 28) tested structurally disrupted weak EM conductors. All but two of the holes intersected strongly clay- and/or chlorite-altered, sheared and faulted graphitic pelites containing anomalous boron, copper, nickel, zinc, cobalt, vanadium and molybdenum values and locally anomalous uranium values.

Seven holes (WYL-08-29 to 35) tested structurally offset strong EM conductors on the Walker South grid. These holes intersected structurally disrupted graphitic pelites with weak to intense clay and chlorite alteration. The best analytical results were from hole WYL-08-31, which returned highly anomalous copper, nickel, zinc, cobalt and vanadium values and locally anomalous uranium values within highly altered and sheared graphitic pelites.

The remaining nine holes were drilled in the northern half of the project.

Five holes (WYL-08-515 to 519) were drilled at the Nob Hill showings, where up to 0.141% U3O8 was obtained from surface grab samples. All of the holes intersected multiple zones of discontinuous radioactivity associated with granitic pegmatites. Hole WYL-08-516 returned the best intercept of 0.018% U3O8 over 5.0 metres from 145.0 to 150.0 metres. The highest individual uranium value of 0.062% U3O8 was obtained from 153.0 to 153.5 metres in hole WYL-08-518.

Two holes (WYL-08-520 & 521) tested the West Way showings where up to 0.492% U3O8 has been obtained in grab samples. The surface mineralization is associated with steeply dipping east-west fractures. Both drill holes returned anomalous copper, nickel and locally anomalous cobalt and arsenic values from sheared and weakly altered diorite. Hole WYL-08-521 returned the best uranium value of 76 ppm over 0.5 metres.

In the Hook Lake area, two holes (WYL-08-522 & 523) tested geophysical targets and intersected multiple zones of fracturing and shearing accompanied by weak to moderate alteration and locally anomalous radioactivity. Hole WYL-08-523 returned the best uranium value of 35 ppm over 0.5 metres.

Dave Billard, Vice-President of Exploration for JNR comments: "The Way Lake Project is a significant landholding that is still in a very early stage of exploration. To date, several highly prospective targets have been developed on the claims and have returned very encouraging results. The winter Diamond drilling program is ongoing in the Fraser Lakes area. Plans are underway for additional prospecting and Diamond drilling in summer 2009."

David L. Billard, PGeo, is the qualified person responsible for the technical data presented in this release. All intersections presented are down hole measurements; true widths cannot be reliably estimated at this time. Samples were analysed at the Saskatchewan Research Council Laboratory in Saskatoon. 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 at: www.jnrresources.com/i/pdf/JNR-QAQC.pdf. A glossary of the technical terms included in this release can be found on the Company's website at: www.jnrresources.com/s/Glossary.asp.

ON BEHALF OF THE BOARD

Rick Kusmirski
President & CEO

For further information contact JNR Resources at 306.382.2211 or 877.567.6463

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements contained in this news release that are forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the accessibility to the property; operational risks; weather; availability of equipment and personnel; changes in project parameters as plans continue to be refined; delays in obtaining governmental approvals; delays or failure in obtaining financing on acceptable terms. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Copyright � 2009 JNR RESOURCES INC. (JNN-TSXV) All rights reserved. For more information visit our website at http://www.jnrresources.com/ or send email to info@jnrresources.com ..
Message sent on Thu Feb 26, 2009 at 5:12:16 PM Pacific Time

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