VanEck Vectors Global Alternative Energy ETF

Published : August 29th, 2008

Provides Update on Newfoundland Uranium Exploration

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Keywords :   Copper | Fluorine | Molybdenum | Russia | Silver | Uranium | Water |
=======================================================================
Re:   News Release - Friday, August 29, 2008
      JNR Provides Update on Newfoundland Uranium Exploration
=======================================================================

Saskatoon, SK, August 29, 2008 - JNR Resources Inc. (TSXV:JNN) (the
'Company') is pleased to provide the following update on its uranium
exploration activities in central and western Newfoundland. The Company
is actively exploring two projects: Topsails and Rocky Brook.

The 278,000-hectare Topsails project is a 50/50 alliance between the
Company and Altius Resources Inc. (jointly the 'Companies'), which was
established to explore for volcanic-hosted uranium deposits in a
defined area of west-central Newfoundland near the mining community of
Buchans.

Analytical results from a property-wide lake sediment geochemical
survey completed this spring indicate anomalous uranium values with
associated molybdenum and fluorine in a number of areas, the largest
being 20 by 10 kilometres in size. With background values less than 10
ppm, anomalous uranium values of greater than 30 ppm to a maximum of
535 ppm have been identified in more than 30 lakes. These samples
combined with historical surveys highlight four distinct areas of
extensive uranium-molybdenum enrichment. The geochemically anomalous
lakes lie within or adjacent to granitic rocks related to the caldera
complexes targeted for exploration, and confirm the prospectivity of
these rocks for hosting volcanic-related uranium mineralization. 

It should be noted that lakes in the vicinity of uranium deposits in
the prolific Athabasca Basin are commonly anomalous in uranium and
pathfinder elements associated with the mineralization.  Molybdenum and
fluorine are common pathfinder elements diagnostic of volcanic-hosted
uranium deposits. Furthermore, volcanic-hosted uranium deposits are a
significant source of high-tonnage moderate-grade uranium, one of the
best examples of which is the Streltsovka caldera, Russia's largest
uranium resource.

The Companies have also received and interpreted the preliminary data
from a detailed 17,500 line-kilometre airborne radiometric and magnetic
survey, and have identified fourteen areas for immediate follow-up. To
that end, an extensive prospecting and geological mapping campaign was
initiated in early July and will continue through to late October. The
focus of the campaign is on the anomalous areas identified by the
airborne and lake sediment surveys.

The Companies have also completed a property-wide water sampling
program on the Rocky Brook project located in western Newfoundland.
Exploration at Rocky Brook is focused on the discovery of bedrock
sources for two discrete high-grade boulder clusters in glacial till,
with reported historical assays ranging from 1% to more than 10% U3O8,
as well as very high-grade silver contents. JNR has an option to earn a
70% interest in this project from Altius.

The water sampling program was designed to assist in targeting future
drill campaigns using innovative geochemical procedures and modern
analytical techniques in the primarily bog-covered terrain of the
prospective Deer Lake Basin. Analytical results have been submitted to
a known expert in the interpretation of geochemical data from this
sample medium for review and recommendations.

Drilling to date, including the 82-hole (2,482 metres) program in 2007,
has identified two areas of low level anomalous radioactivity at or
near the overburden-bedrock interface. Both areas lie proximal to the
high-grade boulder clusters.  Several geochemically-enriched fault
structures and/or redox alteration fronts thought to possibly control
the high-grade uranium-silver mineralization have also been defined.
Structural interpretation and the development of a 3D model utilizing
all downhole data is in progress and expected to be completed prior to
the next drilling campaign.

Anomalous uranium, copper and silver values were obtained in drill core
from several of the 2007 drill holes at Rocky Brook, the most
significant of which are narrow intervals in four holes drilled in the
vicinity of the Birchy Hills and Wigwam Brook boulder fields.
RB-07-144 and RB-07-152, drilled up ice of the Birchy Hill showings,
intersected 0.5-metre intervals returning 45.2 ppm U, 202 ppm Cu, 4.9
ppm Ag and 15.3 ppm U, 302 ppm Cu and 6.9 ppm Ag, respectively.
RB-07-192 and RB-07-196, drilled in the vicinity of the Wigwam Brook
mineralized boulder field, intersected 0.5-metre intervals of 49.9 ppm
U, 5.2 ppm Ag and 62.7 ppm U, 310 ppm Cu, respectively.

Further results will be released as they become available.

JNR is led by a highly experienced management team with proven
discovery success in uranium exploration. In addition to its projects
in Newfoundland, the Company has an interest in 13 properties totalling
some 357,500 hectares of highly prospective ground in the renowned
Athabasca Basin of northern Saskatchewan.

JNR's Vice-President of Exploration, David L. Billard, PGeo, is the
qualified person responsible for the technical data presented in this
release. 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

The TSX Venture Exchange does not accept 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 (c) 2008 JNR RESOURCES INC. (JNN-TSXV)  All rights reserved.
For more information visit our website at http://www.jnrresources.com/
or send mailto:info@jnrresources.com
=======================================================================
.
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VanEck Vectors Global Alternative Energy ETF

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CODE : JNN.V
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JNR is a silver and gold exploration company based in Canada.

JNR holds various exploration projects in Canada.

Its main exploration properties are BELL LAKE, PENDLETON LAKE, KELIC LAKE, NORTH WEDGE, SOUTH DUFFERIN, SNOWBIRD PROPERTY, YURCHISON LAKE, TOPSAILS, SOUTH FORK, CRACKINGSTONE, MOORE LAKE, ROCKY BROOK, SOUTH CIGAR, LAZY EDWARD BAY, WAY LAKE, BLACK LAKE PROPERTY and NEWNHAM in Canada.

JNR is listed in Canada, in Germany and in United States of America. Its market capitalisation is 4.7 millions as of today (US$ 4.7 millions, € 3.5 millions).

Its stock quote reached its lowest recent point on December 31, 2003 at 0.03, and its highest recent level on December 31, 2007 at 4.50.

JNR has 47 442 200 shares outstanding.

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Financings of VanEck Vectors Global Alternative Energy ETF
11/6/2012Announces $3.0 Million Financing
5/7/2012Announces Closing of Private Placement
4/18/2012Announces Private Placement
3/14/2011Announces Closing of $2,810,000 Private Placement
2/24/2011JNR Announces $ 3.000.000 Private Placement
8/12/2010Increases Private Placement
11/12/2009Announces Closing of Private Placement
10/23/2009Private Placement
7/20/2009Increases Private Placement
12/30/2008Announces Closing Of Private Placement
12/19/2008Announces Private Placement
Option Grants of VanEck Vectors Global Alternative Energy ETF
8/16/2010Granting of Stock Options/Directors Re-elected
2/16/2008Announces Granting of Stock Options
Nominations of VanEck Vectors Global Alternative Energy ETF
10/22/2012Announces Re-Election of Directors and Planning of 2013 Prog...
2/15/2011Announces Appointment of Dave Billard, P.Geo. as Chief Opera...
5/16/2007Announces Appointment of New Director and Officers
Project news of VanEck Vectors Global Alternative Energy ETF
5/11/2012Commences Spring Drilling Program at Black Lake Uranium Proj...
10/6/2011(Topsails)/Altius Commence 2011 Fall Exploration Program at Topsails P...
8/18/2011Commences 2011 Summer Drilling Program at Snowbird Uranium P...
7/21/2011(Way Lake)Extends Areas of Uranium Mineralization at Way Lake
4/27/2011(Moore Lake)Announces Results of 2011 Moore Lake Winter Diamond Drilling...
3/30/2011(Way Lake)Commences 2011 Drilling Program at Way Lake Uranium Project
3/9/2011(Newnham)Completes Airborne Gravity Survey on the Newnham Lake Proper...
3/3/2011(Lazy Edward Bay)Completes Airborne Gravity Survey on the Lazy Edward Bay Pro...
12/22/2010(Moore Lake)Announces 2011 Winter Exploration Programs
6/17/2010(Way Lake)Extends Uranium Mineralization
4/20/2010(Way Lake)Completion of 2010 Drilling Program at Way Lake Uranium Proj...
4/7/2010(South Dufferin)Results of Airborne Surveys on the Snowbird-South Dufferin P...
1/14/2010(Way Lake)2010 Drilling Program at Way Lake Uranium Project
12/18/2009(Topsails)/Altius Discover Rare Earth Metals and Uranium-Thorium Miner...
11/30/2009(Topsails)Altius Discover Cu-Mo-Au-Ag Mineralization at Topsails
9/9/2009(Rocky Brook)Drilling Underway at Rocky Brook Uranium Project
7/21/2009(Topsails)Provides Exploration Update on Topsails Uranium Project, New...
7/16/2009(Way Lake)Intersects Uranium/Thorium Mineralization at Way Lake
5/14/2009(Rocky Brook)Earns 70% Interest in Rocky Brook Project -- Exploration Con...
2/27/2009(Way Lake)Provides Remaining 2008 Drilling Results from Way Lake
2/20/2009(Way Lake)Announces Drilling Program Underway at Way Lake Uranium Proj...
11/14/2008(Way Lake)Discovers New Mineralized Zones on Way Lake Uranium Project
8/25/2008(South Fork)Announces Drilling Results at South Fork Uranium Project
7/9/2008(Way Lake)Takes Delivery of Third Drill; Two Drills Active at Way Lake
5/12/2008(Way Lake)Announces Drilling Program Underway at Way Lake
4/9/2008(Crackingstone)Announces Results of Airborne Surveys on the Black Lake & Cr...
3/19/2008(Way Lake) Announces Results of 2007 Way Lake Exploration Program
2/28/2008(Moore Lake) Provides Further Update on Athabasca Basin Exploration Acti...
2/12/2008(South Fork) Announces Drilling Program on South Fork Uranium Project, S...
9/20/2007(Bell Lake)Announces Drilling Program Underway at Bell Lake
9/18/2007(Crackingstone)Airborne Surveys on the Crackingstone, Black Lake & Newnham ...
Corporate news of VanEck Vectors Global Alternative Energy ETF
11/14/2012Announces Agreement to be Acquired by Denison Mines Corp.
8/13/2012(Way Lake)Announces an Inferred Mineral Resource Estimate for the Fras...
6/13/2012Announces Drilling Results at Black Lake Uranium Project
2/3/2012Provides Update on 2012 Athabasca Basin Exploration Activiti...
10/7/2011Announces Granting of Stock Options/Directors Re-Elected
6/29/2011Continues to Develop 3D Exploration Models to Target New Ura...
5/4/2011(Way Lake)Intersects New Area of Uranium Mineralization on Way Lake Ur...
7/6/2010RB Milestone Initiates Coverage of JNR Resources Inc.
2/3/2009Announces Proposed Conversion Of Preferred Shares
11/25/2008San Francisco Hard Assets Investment Conference
8/29/2008Provides Update on Newfoundland Uranium Exploration
8/21/2008Provides Update on Athabasca Basin Drilling Programs
5/15/2008Provides Update on Newfoundland Uranium Exploration
2/26/2008 Announces Further 2008 Exploration Activities
1/21/2008 Announces 2008 Winter Exploration Programs Underway
12/20/2007JNR Updates Progress on Newfoundland Uranium Projects.
12/19/2007 Announces Drilling Programs for 2008
11/1/2007 Announces Completion of 2007 Way Lake Exploration Program
10/30/2007 Announces Purchase of Two Diamond Drills
10/3/2007 and Altius Form Uranium Exploration Alliance
9/12/2007Announces Airborne Survey Underway on South Fork Uranium Pro...
8/21/2007 and Altius Resume Uranium Exploration at Rocky Brook
5/14/2007to Option South Fork Project to Uranium Power Corporation
3/22/2007Announces Closing of $16 Million Financing
2/26/2007Announces $15 Million Financing
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TSX-V (JNN.V)FRANKFURT (JN2.F)
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