JNR Resources Inc JNRRF

SASKATOON, March 17 /CNW/ - JNR Resources Inc. (TSXV: JNN) (the 'Company') is pleased to announce that a minimum 2,500 metre diamond drilling program is underway 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 planned drilling program comprises 15 to 20 drill holes and will focus on several ancillary structural targets related to the Fraser Lakes "B" Zone. These targets in conjunction with the Fraser Lakes mineralization identified to date have significant potential to host high-grade basement mineralization similar to that identified at the Eagle Point, Millennium, and Roughrider Zones. The significant uranium and metal endowment in the Fraser Lakes district combined with the lack of sandstone cover and shallow depth to mineralization allows for efficient and timely exploration on these targets.

The B Zone showings occur within an antiformal fold nose of a 65-kilometre-long folded electromagnetic (EM) conductor system comprised of Wollaston Group graphitic pelitic gneisses (+/-sulphides) and uraniferous granitic pegmatites. Of 70 grab samples taken from individual mineralized outcrop sites at the B Zone, 70% returned assays ranging from 0.03 to 0.457% U3O8. Drilling to date on the Fraser Lakes B Zone has identified an extensive area approximately 1000 metres long by 650 metres wide of moderately dipping, multiple stacked uranium and thorium mineralized horizons open to the southwest and east-northeast to at least 125 metres depth. The radioactivity is accompanied by significantly disrupted and locally clay-altered Wollaston Group graphitic pelitic gneisses (+/-sulphides) and granitic pegmatites. The drilling has also provided compelling evidence for the presence of major east-west and north-south structural corridors that intersect the main northeast-trending EM conductors. These intersecting features are postulated to be controlling structural geochemical traps for the formation of high-grade mineralized zones at Fraser Lakes.

Dr. Irvine Annesley, Director of Exploration for JNR states: "The Fraser Lakes conductive trend is metal-rich, areally extensive, and shows evidence of major structural reactivation, significant clay alteration, uranium remobilization, and basinal brine fluid circulation, including the presence of aluminum phosphate-sulphate (APS) minerals. These are all prominent characteristics of the most significant basement-hosted uranium deposits in the Athabasca Basin."

JNR's Vice-President, Exploration and Chief Operating Officer, Dave 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

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