Highly respected exploration geophysicist Stephen Balch to provide geophysical interpretations in Phase 1 drilling

TORONTO, ONTARIO -- (Marketwire) -- 08/19/08 -- James Bay Resources Limited (TSX VENTURE: JBR) ("James Bay" or the "Company") is please to announce the board of directors have approved the appointment of Mr. Stephen Balch as an independent director and Mr. Lenny Foreht as corporate development executive.

Mr. Stephen Balch is an experienced executive with over 23 years experience as an exploration geophysicist in mineral exploration and a research geophysicist in the development of new technology for the mining sector. Mr. Balch has consulted with numerous junior exploration companies and was a senior geophysicist at Inco for 6 years where he worked at world-class projects including Voisey's Bay and the Sudbury Basin. He is currently a director of a number of public companies and serves as well as President & CEO of Tanqueray Resources Ltd. Mr. Balch has also been recently retained by Noront Resources Ltd. as a consultant to the Company and its joint venture partners.

Stephen Balch commented: "James Bay Resources has acquired some very interesting ground with well defined geophysical targets that require immediate ground follow-up. I am very excited to be part of the exploration team and look forward to our first round of drilling."

James Bay is also pleased to announce that Mr. Lenny Foreht has agreed to join the Company's management team in the role of corporate development executive. Mr. Foreht has extensive experience in the Canadian capital markets and in the junior mining sector. He is currently a partner at Linear Capital Corp. a merchant bank based in Toronto with a focus on financing, developing and advising emerging growth companies.

"We are very excited about the new additions to the James Bay team," said Mr. Stephen Shefsky, President & CEO. "As we execute our drilling and exploration initiatives in the McFauld's Lake area, Mr. Balch and Mr. Foreht will provide key support and professional expertise to our aggressive exploration program."

In addition, James Bay wishes to advise investors that it has released its unaudited financial statements for the second quarter ended June 30, 2008. Both the Company's financial statements and management, discussion and analysis for the second quarter ended June 30th, 2008, and may be viewed at SEDAR at www.sedar.com.

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.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:
James Bay Resources Limited
Stephen Shefsky
President & CEO
(416) 366-4200
Email: cancap@on.aibn.com

James Bay Resources Limited
Lenny Foreht
Corporate Development
(416) 364-2266
Email: lforeht@linearcapital.com
Website: www.jamesbayresources.com