JNR Resources Inc fka JNN

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JNR Provides Update on Newfoundland Uranium Exploration

Thursday May 15, 12:17 pm ET

http://biz.yahoo.com/cnw/080515/jnr_uranium_explrtn.html?.v=1

TSXV:JNN Email: info(at)jnrresources.com Website: www.jnrresources.com

SASKATOON, SK, May 15 /CNW/ - 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 Topsails uranium project is an alliance between the Company and Altius Resources Inc. ('Altius') (jointly the 'Companies'). The alliance was established to explore for volcanic-hosted uranium deposits in a defined area in central Newfoundland near the mining community of Buchans. The Companies staked over 2,674 square kilometres (267,425 hectares) in one of the largest staking campaigns ever undertaken in eastern Canada (Reference: October 3, 2007 news release) and have recently optioned a further 10,697 hectares of adjoining property.

The 2008 program is budgeted at $1.7 million and includes a recently completed property-wide lake sediment sampling survey and a detailed 17,500 line-kilometre airborne radiometric and magnetic survey. An extensive summer long prospecting and geological mapping campaign is also planned. It will focus on anomalous areas in order to identify targets for drill follow-up, the timing of which will be decided upon at a later date.

Geologically, the Topsails project covers felsic volcanic and related intrusive rocks of Silurian to Devonian age, including much of the Topsails Igneous Suite and the Springdale Group. These geological units feature very large areas of coincident anomalous uranium, molybdenum and fluorine values in lake sediment samples. 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 2007 summer/fall exploration program on the Rocky Brook project consisted largely of diamond drilling with 82 holes completed totalling 2,482 metres. Drilling was focused on the Wigwam Brook and Birchy Hill Brook areas, where previous drilling programs identified anomalous radioactivity including narrow mineralized intercepts. A trenching program was also carried out in the Wigwam Brook area.

Located in western Newfoundland, exploration on the Rocky Brook project 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% U(3)O(8) as well as very high-grade silver contents. JNR has an option to earn a 70% interest in the Rocky Brook project from Altius.

Analytical results from the 2007 program are pending. Planning of the 2008 exploration program is underway.

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 thirteen properties totalling more than 362,000 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. 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 877-567-6463

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Source: JNR Resources Inc.