JNR Resources Inc JNRRF

news release - drilling has resumed

[megphi]

Looks like they will be operating 2 drill rigs before the end of the winter season by going into Lazy Edward as well. Only 2 holes completed so far and results will not be released until the planned 4 holes are complete. Looks like IUC is really moving forward on this play. They must really like what they see. JNR RESOURCES INC. P.O. Box 26061 Telephone: [phone] Saskatoon, Saskatchewan S7K 7H9 Facsimile: [phone] _____________________________________________________________________________________ DRILLING RESUMES AT MOORE LAKE January 22, 2004: Rick Kusmirski, President of JNR Resources Inc. (TSX.V: JNN), is pleased to announce that drilling has resumed on the JNR/IUC (the “Companies”) Moore Lake uranium project, in the Athabasca Basin of Northern Saskatchewan. This project is located 35 kilometers southeast of Cameco’s McArthur River uranium mine, the world’s largest uranium mine with annual capacity of 18 million pounds U3O8, and 40 kilometers northeast of the Key Lake uranium mine. This drill program which was initiated prior to Christmas, will consist of a minimum of 5,000 meters (15 holes) and focus on following up the high grade mineralization intersected on the Maverick Zone. The best intercept to date is from drill hole ML-25 which returned 0.62 per cent U3O8 over 9.1 meters, including a 4.8 meter interval of 1.2 per cent U3O8 and including a high grade interval of 12 per cent U3O8 over 0.4 meters. The mineralized samples in this and other holes in the area were also highly anomalous in silver, copper, nickel, lead, cobalt, vanadium, arsenic, zinc and boron; associations unique and common to the large unconformity deposits in the Athabasca Basin. The Companies have also expanded the exploration program on the Moore Lake project to include thirty kilometers of linecutting, gravity and EM. This work will be carried out northeast and west of the Maverick Zone proper, along the same structural/conductive corridor that hosts the known mineralization. The ground work is currently underway, should be completed by early February and will identify additional targets for drill testing. Of the four holes planned to be drilled prior to the Christmas holiday, only two were completed. This was due to the poor ground conditions encountered by the drilling, and is the result of the extensive faulting and alteration intersected by the drill holes. These conditions are commonly found around uranium deposits in the Athabasca Basin. Drill results will be released once the initial four planned holes have been completed and assayed. The Companies have also initiated a review of all geophysical and geochemical data on their Lazy Edward Bay property, with the intent of initiating an exploration program later this winter. ON BEHALF OF THE BOARD Rick Kusmirski, President THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.