JNR Resources Inc. announced unaudited earnings results for the second quarter and six months ended July 31, 2009. For the quarter, the company reported net income of CAD 472,207 or CAD 0.005 per share compared to net income of CAD 350,520 or CAD 0.004 per share for the same period last year. The company reported operating costs of CAD 616,220 and income before income taxes of CAD 569,707 compared to operating costs of CAD 389,981 and income before income taxes of CAD 350,520 for the same period last year. The company reported net cash from operating activities of CAD 37,495 and mineral properties and rights of CAD 26,831 compared to net cash from operating activities of CAD 3,149,160 for the same period last year. For the six months, the company reported net income of CAD 728,641 or CAD 0.011 per share compared to net income of CAD 864,293 or CAD 0.011 per share for the same period last year. The company reported operating costs of CAD 944,611 and income before income taxes of CAD 826,141 compared to operating costs of CAD 1,645,737 and income before income taxes of CAD 864,293 for the same period last year. The company reported net cash from operating activities of CAD 1,404,514 and mineral properties and rights of CAD 26,831 compared to net cash from operating activities of CAD 7,438,386 for the same period last year.

JNR Resources Inc. has finalized the interpretation of airborne geophysical surveys flown over its 100% owned Black Lake and Newnham Lake uranium projects located in the Athabasca Basin of northern Saskatchewan. These results have been integrated with prior ground and/or airborne geophysical surveys to further define targets for drill testing. At Black Lake, a 3,289 line-kilometre gravity gradiometer survey was flown in the fall of 2008. This survey provided additional geological information, both near surface and at depth, and defined new targets for drilling. Seven gravity targets having a range of characteristics common to Atahabasca uranium deposits were identified. During the spring of 2009, a 350 line-kilometre AirMT (ZTEM) test survey was flown over the southern part of the Black Lake property and better delineated the deeper EM conductors. Also completed was the reprocessing of the 2005 Megatem data by Condor Consulting, which defined five 'zones of interest' in the central part of the property coinciding with the gravity anomalies. At Newnham Lake a 4,243 line-kilometre gradient magnetic survey flown in the spring of 2008 identified a number of interesting magnetic settings and anomalies. This was followed up by a 1,547 line-kilometre high-resolution ZTEM survey. Seven initial 'zones of interest' were selected on the basis of a favourable geophysical/geological correlation.

JNR Resources Inc. announced that a diamond drilling program is underway on its Rocky Brook uranium joint venture located in western Newfoundland. The company holds an undivided 70% participating interest in the project with Altius Minerals Corporation holding the remaining 30%. Exploration at Rocky Brook is focused on discovery of the 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)O8, as well as very high-grade silver contents. Drilling to date has identified two areas of low level anomalous radioactivity at or near the overburden-bedrock interface 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. The 2009 fall drilling program will consist of twenty-five to thirty holes comprising up to 2,000 metres. It will follow-up the encouraging results from earlier campaigns and test the anomalous areas identified by a water geochemical survey completed during the summer of 2008. Of particular interest, with respect to the latter, are a number of geochemically anomalous linear trends which suggest an underlying structural control. The drilling program will also test targets identified by a recently completed IP survey. In total, fourteen lines were surveyed for a distance of 23.5 kilometres. The results indicate the presence of several significant and highly prospective structural features coincident with the geochemical trends, which were not tested at the optimum localities by previous drilling.