James Bay Resources Provides Operations Update at Its 'Ring of Fire' Property

James Bay Resources Limited (TSX VENTURE:JBR) ("James Bay" or the "Company") is
pleased to provide an operations update for its 'Ring of Fire' property in the
James Bay Lowlands in Northern Ontario.


James Bay has contracted with MoreCorp Diamond Drilling Services Ltd. to conduct
a 5,000 meter program to test high-priority VTEM geophysical targets on 28
anomalies centered around a sizable EM conductor on the C-Block and C-Block
Extension zones, including a strong 5 km long EM conductor that appears to be on
the flank of a potential layered intrusion or domal feature that is 7 km in
length. Exploration at the James Bay Property is focused on locating magmatic
Ni-Cu-PGE and/or VMS base metal deposits.


The first part of the 5,000 meter drilling program will begin in late September
and focus on several airborne geophysical targets which are easily accessible
before freeze up. The second part of the drilling program will begin after
freeze-up early in the new year, and will focus on some of the more promising
high-priority geophysical anomalies. The total cost of both parts of the
drilling program is expected to be approximately $1.8 million out of the
Company's current cash position of $9.9 million.


In preparation for the Company's drill program, ground geophysics will be
conducted on the C-Block and C-Block Extension. A ground magnetometer survey
will be performed to confirm the accuracy of the airborne survey and ultimately
the best location to drill each target.


James Bay has completed a 100-meter spaced VTEM electromagnetic airborne
geophysical survey on its newly staked F-Block. "We have now flown 100% of the
property," said Brad Leonard, Exploration Manager. "From the preliminary data on
F-Block there appears to be several new exciting targets that need to be further
analyzed and added to the list of compelling anomalies we have identified on our
19,700 hectare property."


In addition, James Bay has initiated the mobilization of a base camp in the
McFauld's Lake district at Lamon Lake. Due to be completed by September 20th,
the Lamon Lake camp will provide a forward base of operations for the Company's
management, drillers and geologists and will provide a staging area for the
delivery of drill core from the McFauld's Lake 'Ring of Fire' property.


"We are very encouraged by our airborne geophysical data and are excited to
launch a 5,000 meter program later this month to begin drill testing several
high-priority targets," said Mr. Stephen Shefsky, President & CEO. "With the
mobilization of our field camp in the McFauld's Lake district currently
underway, follow-up ground geophysics due to begin and drillers contracted for
the end of the month, James Bay's operations are progressing quickly and on
schedule."


About James Bay Resources

James Bay is a well-financed Canadian mineral exploration company with 19,700
hectares of 95 royalty-free, 100-percent owned claims in the McFauld's Lake area
of the James Bay Lowlands. The Property is located roughly 30 kilometres
west-southwest of the "Eagle One" Ni-Cu-PGE discovery made by Noront along the
"Ring of Fire", an emerging and potentially world-class base metal camp. The
Company currently has 27,872,850 shares outstanding and trades on the TSX
Venture Exchange under the symbol "JBR". For more information please visit the
James Bay website at www.jamesbayresources.com.


Disclaimer

Certain statements contained in this news release may contain forward-looking
information within the meaning of Canadian securities laws. Such forward-looking
information is identified by words such as "estimates", "intends", "expects",
"believes","may", "will" and include, without limitation, statements regarding
the company's plan of business operations (including plans for progressing
assets), estimates regarding mineral resources, projections regarding
mineralization and projected expenditures. There can be no assurance that such
statements will prove to be accurate; actual results and future events could
differ materially from such statements. Factors that could cause actual results
to differ materially include, among others, metal prices, risks inherent in the
mining industry, financing risks, labour risks, uncertainty of mineral resource
estimates, equipment and supply risks, title disputes, regulatory risks and
environmental concerns. Most of these factors are outside the control of the
company. Investors are cautioned not to put undue reliance on forward-looking
information. Except as otherwise required by applicable securities statutes or
regulation, the company expressly disclaims any intent or obligation to update
publicly forward-looking information, whether as a result of new information,
future events or otherwise.