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JNR Announces Completion of 2007 Way Lake Exploration Program

Thursday November 1, 8:30 am ET

http://biz.yahoo.com/cnw/071101/jnr_way_lake_results.html?.v=1

SASKATOON, Nov. 1 /CNW/ - JNR Resources Inc. (TSXV:JNN) (the 'Company') is pleased to announce the completion of the 2007 exploration program on the Company's 100% owned Way Lake uranium project, located 55 kilometres east of the Key Lake uranium mine in the Athabasca Basin of northern Saskatchewan. The Way Lake project comprises 17 contiguous claims totalling 71,795 hectares.

The 2007 program represents the first significant exploration carried out on the project lands in over 25 years. It consisted of the completion of fourteen diamond drill holes totalling 2,467-metres, accompanied by 120 kilometres of linecutting, Horizontal Loop EM and ground magnetics, as well as a detailed 700 line-kilometre airborne VTEM survey over the Hook Lake showing and previously unsurveyed claims in the southeastern portion of the property. In addition, a major prospecting campaign carried out over the entire Way Lake project area, resulted in the discovery of three new zones of anomalous radioactivity in outcrop (West Way, Nob Hill, and EWA). An orientation bulk till sampling survey was also completed.

In total, eight holes (WYL-07-01 to -04 and -06 to -09) tested the vicinity of the Hook Lake showing where surface sampling in 2006 returned up to 48% U(3)O(8) in grab samples; while four holes (WYL-07-05 and -10 to -12) tested a minimum 1.0-kilometre long, geophysically interpreted lineament located to the northwest of the showing. All twelve holes intersected significant structural features composed of brittle fracturing and/or ductile-brittle shearing. Of particular interest is a broad, roughly 20-metre wide northeast trending ductile-brittle fault, which correlates with the lineament and occurs some 80 to 90 metres from the showing. It is thought to represent the structure that controls the uranium mineralization at Hook Lake. Of the twelve holes, significant levels of radioactivity were intersected in three (WYL-07-01, -02 and -05).

Initially, some thirty holes were planned for the Hook Lake area. Contractor delays and a commitment to drill on an adjoining property precluded a thorough evaluation of the showing and surrounding area. This work will be carried out during the coming winter campaign.

The newly discovered West Way occurrence is located approximately 6.5 kilometres due north of the Hook Lake area. Anomalous radioactivity (10 to 400 times background) was identified at the north end of a 1.0-kilometre long ridge of discontinuous outcrops. The uranium mineralization is vein type and associated with a northeast-trending shear zone, accompanied by molybdenite-bearing calc-silicate alteration. Two drill holes (WYL-07-13 and -14) tested the down dip extent of the mineralized shear zone at shallow depths and confirmed the presence of a well defined structure.

At Nob Hill, 14 kilometres to the southwest of the Hook Lake area, prospecting this summer discovered a north-northeast trending granitic pegmatite cut by cross cutting fractures with zones of elevated radioactivity ranging from 10 to 500 times background. The mineralization is vein-type and occurs within dilational zones similar to those that host the uranium mineralization at Cameco's Eagle Point uranium mine and at the Beaverlodge and Karpinka Lake deposits.

The newly discovered EWA zone is located approximately 19 kilometres southwest of Nob Hill proximal to a northeast trending conductive zone identified by the airborne VTEM survey. The uranium mineralization occurs within a 10- to 20-metre wide, northeast trending sheared pelitic unit accompanied by granitic inliers and has been traced over a minimum strike length of 85 metres. Outcrop samples from this occurrence returned anomalous radioactivity, ranging from 10 to 300 times background.

Also of interest is that core from four historic holes drilled by AGIP in the 1970's was located on the property. These holes tested two small segments of the greater than 60 kilometres of EM conductor identified by the VTEM survey in the southern portion of the property. The drill core in all four holes intersected abundant sulphide-rich graphic pelitic gneisses that exhibited complex structural disruption and strong clay alteration. These features are common to uranium deposits in the Athabasca Basin, which bodes well for the potential of these conductors to host uranium mineralization.

JNR's Director of Exploration, Dr. Irvine R. Annesley, comments: "The Way Lake project is a phenomenal exploration play. It is seldom in one's career where one project contains such a variety of geological model types with the potential for a major discovery. I am especially excited over the prospects for mineralization within the newly discovered occurrences, as well as those that have been historically documented, but never systematically explored".

All of the samples collected during the course of the 2007 exploration program have been submitted to the Saskatchewan Research Council Laboratory in Saskatoon for analysis. The results will be released upon their receipt and final evaluation. Planning for an extensive program in 2008 is underway.

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

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF THIS NEWS RELEASE.


For further information

JNR Resources at [phone] or [phone]

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Source: JNR Resources Inc.