James Bay Appoints Knut Sovold to Board of Directors

James Bay Resources Limited (TSX VENTURE:JBR) ("James Bay" or the "Company") is
pleased to announce that it has appointed Knut Sovold as a director. Mr. Sovold
is employed by D&H Solutions AS ("D&H") and has been seconded to James Bay. Mr.
Sovold has been working with James Bay over the past year, through D&H, to help
James Bay expand its capabilities for the sourcing and development of Nigerian
oil and gas projects, as most recently announced in James Bay's press release of
February 6, 2012. D&H is a partnership between Hemla II AS of Norway and Korea's
DSME (Daewoo Shipbuilding and Marine Engineering), with both companies having
substantial experience and knowledge in the energy and oil and gas industry.


Mr Sovold has more than 20 years experience in the exploration and production
business from both the executive management and technical level. He also
possesses extensive experience with field evaluations as well as oil and gas
operations world-wide. Mr. Sovold has been focusing on opportunities in Nigeria
for the past four years. 


"James Bay is excited to welcome Knut to the Board and as President & CEO of
James Bay Energy Nigeria Limited," said Mr. Stephen Shefsky, James Bay's
President & CEO. "Knut brings a real operational perspective to our Board and
hands on experience to the operating companies." 


James Bay is also pleased to announce that it has incorporated James Bay Energy
Nigeria Limited; a Nigerian subsidiary controlled by it, through which it will
conduct its activities in Nigeria moving forward. The directors of the new
Nigerian subsidiary are Stephen Shefsky, Knut Sovold, Mark Brennan, Tee Mac
Omatshola Iseli, and Chief Michael Olorunfemi. 


James Bay also announces that an application has been approved by the TSX
Venture Exchange to: (i) extend the term of the 3,723,925 warrants originally
issued by the Corporation on July 24, 2008 (the "Warrants"), and (ii) decrease
the exercise price of the Warrants from $2.00 to $1.25 per Warrant. The Warrants
were previously scheduled to expire on July 24, 2012 but will now expire on July
24, 2013.


The Warrants were issued as part of the Company's initial public offering that
was completed on July 24, 2008. For further information on the original issuance
of the Warrants, please refer to the press release of the Company dated July 31,
2008 filed on SEDAR. 


Warrant holders are advised that replacement Warrant certificates will not be
issued and that the original Warrant certificates must be presented to Equity
Financial Trust Company, as warrant agent, in order to affect the exercise or
transfer of such Warrants.


About James Bay Resources

James Bay is a well-financed Canadian resource company with 28,040,350 shares
outstanding and trades on the TSX Venture Exchange under the symbol "JBR".
Please visit the James Bay website at www.jamesbayresources.com.