James Bay Resources Limited TSX VENTURE: JBR

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2008) - James Bay Resources Limited (TSX VENTURE:JBR) ("James Bay" or the "Company") announces drill results from its continuing drill program on its McFauld's Lake 'Ring of Fire' property in northern Ontario.

Eleven holes totaling 2,138 metres were drilled to test the 5 km long EM trend and other nearby EM conductors on the C-Block, C-Block Extension and D-Block. All drill holes intersected massive to semi massive sulphide sections of pyrrhotite with minor pyrite and trace chalcopyrite.

All analytical results for the 11 holes have been received by James Bay Resources. Lab analyses returned weakly anomalous values of Cu and Zn across the 5 km long EM trend as well as other EM conductors drill tested. No anomalous precious metal values were returned. All drill holes successfully explained the nature of the EM conductors being drill-tested.

The Company began drilling in late September and suspended drilling on October 31 due to freeze-up. Drill targets were selected based on VTEM airborne surveys, which indicated several electromagnetic conductors including the 5 km long trend flanking a large domal magnetic feature. James Bay is currently evaluating the balance of targets, geophysics and geology at its 'Ring of Fire' property.

The Company currently has approx. $8.4 million in treasury and is well-positioned to continue exploration initiatives at its 'Ring of Fire' property.

This news release has been prepared under the supervision of Brad Leonard P. Geo., Exploration Manager of James Bay Resources, who is the designated qualified person under NI 43-101 for the technical information contained in this news release.

About James Bay Resources

James Bay is a well-financed Canadian mineral exploration company with 21,872 hectares of 108 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 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.

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.