September 18, 2002

News Release: HIGH GRADE URANIUM INTERCEPT AT MOORE LAKE

Rick Kusmirski, President of JNR Resources Inc. (the “Company “) (JNN TSX-V), is pleased to report that the Company has received the analytical results for the three holes drilled this summer on the JNR Resources/Kennecott Canada Exploration Inc. Moore Lake uranium project. These results represent a significant improvement over the radiometric probe determinations that were reported on in the Company’s news release of July 18 th and, more importantly, indicate the presence of high grade uranium mineralization associated with the ‘Maverick Zone’. The best results were from drill hole ML-25. This hole returned 0.62 % U3 O8 over 9.1 meters, including a 4.8 meter interval of 1.2 % U3 O8 and including a 0.4 meter interval of 12 % U3 O8 .

The mineralized samples are also highly anomalous with respect to copper, nickel, lead, cobalt, vanadium, arsenic, zinc and boron. This association is unique and common to the larger unconformity deposits in the Athabasca basin. Also of note is that the better mineralization in ML-25 occurs several meters into the basement and, as such, the optimum target, namely the unconformity, has still not been tested on this drill section.

Drill hole ML-26 was collared 40 meters to the northeast of #25. It missed the optimum target by 15 to 20 meters and intersected the footwall of the mineralizing system. This hole did, however, intersect ‘perched’ uranium mineralization (0.052 % U3 O8 over 2.8 m, including 0.15% U3 O8 over 0.8 m) in strongly altered sandstone some 65 meters down the hole. Associated with the mineralized interval are anomalous copper, nickel, lead, cobalt and zinc values. Highly anomalous uranium and boron values were also obtained in ML-26 from a strongly altered fault zone some 93 to 107 meters down the hole.

These metals and the uranium likely ‘leaked’ upwards from the unconformity along fractures/faults over distances of up to 200 meters. The association of uranium and metals along structures intersected at shallow depths in the sandstone is unique, and suggestive of an extensive, metal-rich mineralizing system at depth.

ML-27 was targeted on a parallel EM conductor southwest of the discovery hole, ML-03. Hole #27 intersected highly favourable geology and geochemistry in the upper part of the sandstone, indicating that it, like hole #26, was collared too far into the footwall.

JNR’s technical team are very pleased with these results, which are further evidence that the ‘Maverick Zone’ represents an extensive and well mineralized northeast trending structural corridor, with an excellent potential for hosting economic concentrations of uranium. The Company has recommended an aggressive follow-up drilling program to the operator.

Further information will be released as it becomes available.

ON BEHALF OF THE BOARD
“R. T. Kusmirski”
Richard T. (Rick) Kusmirski, President & Director

For further information, please call: (306) 249-3562

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