JAZZ RESOURCES INC.


1846 - West 14th Avenue
Vancouver, BC  V6J 2J9

telephone: 604 733-4830                                                                        Fax: (604) 736-8584
Email: glen-2@telus.net                                                        TSX Venture Exchange:  JZR              

March 31, 2008

NEWS RELEASE – FOR IMMEDIATE RELEASE

 High-grade assays at the Spider Mine confirmed by Re-Sampling

The Company is pleased to announce that diamond drill core from its Spider property, which has been locked in storage for several years, has been quartered with a saw and re-assayed.  Values obtained for gold, silver, lead and zinc in the re-sampling were very close to those obtained and reported in 1987 and 1980, which suggests that the assay values of the historic work can be used in the Company’s future resource calculations.

TABLE 2
List of Resampled Assay Intervals Compared to 1980 and 1987 Assay Results

Sample Name

 

Footage

Resample Au g/mt

1987 Au g/mt

Resample Ag g/mt

1987 Ag g/mt

Resample Pb %

1987 Pb %

2007 Zn %

1987 Zn %

2007
Cu ppm

2007
Ag ppm

Spider 3

87U-12

435.75-440.25

4.26

6.41

--

9.94

--

0.07

--

0.03

171

7.9

Spider 4

87U-12

440.25-448

Not split in 1987

--

 

--

 

27

0.7

Spider 6

U-80-5

134-138

6.20

3.22

10.1

16.46

0.06

0.23

0.49

0.84

168

10.1

Spider 7

U-80-5

138-143

4.00

2.54

488.5

337.71

12.13

9.46

6.68

5.31

769

158.0

Spider 8

U-80-5

143-147

1.69

2.74

229.1

223.54

7.27

6.89

4.55

5.22

663

150.0

Spider 9

U-80-5

147-152

5.90

5.07

567.2

506.74

13.20

14.5

16.55

17.4

8970

174.0

Spider 10

U-80-5

152-156

--

 

137.4

 

3.30

 

3.58

 

711

131.0

Spider 11

U-80-5

156-163

--

 

--

 

--

 

3.38

 

256

30.0

Spider 13

87U-11

396.3-404.85

2.22

4.77

48.0

47.66

0.27

0.87

3.24

4.51

663

48.0

Spider 15

87U-11

404.85-409

Not split in 1987

--

 

--

 

14

1.2

Spider 16

87U-11

409-415

Not split in 1987

--

 

--

 

16

1.4

Spider 17

87U-7

234-238.25

4.08

0.994

62.0

16.46

1.46

0.07

29.47

32.50

872

62.0

Spider 18

87U-7

238.25-246.30

4.96

4.11

45.0

74.74

0.35

2.00

2.59

2.04

319

45.0

Spider 19

87U-7

246.30-251.75

0.13

0.137

50.0

182.39

1.21

5.54

0.25

1.28

311

50.0

Spider 20

87U-7

251.75-255.25

3.79

3.02

36.0

21.60

0.08

--

0.02

--

2597

36.0

Drill core was also collected from 87U-1 and 87U-4, which will be assayed in due course.   The conversion factor for purposes of the calculations is 1 oz/ton = 34.2857 g/mt.

All the available drill core samples were split previously and then quartered with a diamond saw in the current program.  Each interval was shipped for analysis to IPL Labs in Richmond, BC for multi element analysis and fire assay for Ag, Pb, Zn, and Au analysis.

A strict quality control protocol was carried out throughout the quartering program consisting of close spaced standards and blanks inserted in the sample stream before being sent to IPL Laboratories who also have a strict quality control protocol.

The Spider Mine (formerly known as the Sunshine Lardeau Mine) is located on the Company’s crown granted lands and was brought into production in 1952 and continued operations until 1958.  Total production to the end of 1958 was 371 kilograms of gold, 53,481 kilograms of silver, 85 tonnes of copper, 10,845 tonnes of lead, 11,519 tonnes of zinc, 60 tonnes of cadmium and 4 tonnes of antimony from 128,063 tonnes with a recovery grade of 0.086 oz Au/ton, 12.2 oz Ag/ton, 8.6% Pb and 9.14% Zn.  This vein was developed from surface to a depth of 200 metres.  Potential material was intersected in drilling an additional depth of 70 metres below this level.

The main constituents of the Spider Mine mineralization are quartz, pyrite, sphalerite and galena and minor amounts of ankerite, chalcopyrite, and rarely arsenopyrite and tetrahedrite.  Sections composed essentially of pyrite, sphalerite and galena are common.  The order of deposition of the vein minerals is ankerite, quartz pyrite, sphalerite, chalcopyrite, and galena.  Fine and coarse grained varieties of galena are present.

Zones of carbonate alteration and oxidation, as much as several metres wide, occur along the faults principally on the eastern or hanging wall side with or without accompanying vein mineralization.  These zones comprise altered remnants of the volcanic country rock, ankerite, disconnected quartz stringers and a small amount of chrome mica.  In the oxidized zone, most of the pyrite, sphalerite and gangue has been leached, leaving a mixture of clay, limonite and galena.  The No. 4 vein shows vertical oxidation for 40 metres below the surface.

There are a series of northerly trending fissures (splays or tension fractures?) that appear to be related to the through-going south easterly trending Camborne fault along the valley of Pool Creek.  Hydrothermal solutions were controlled by the intersection of the principal fissures with fold crests.  Mineralization appears to have favoured the Jowett Formation because of the volcanic composition of the competent, fissure sustaining characteristics of the fine grained, carbonate altered rocks, and later fracturing along the faults when intersecting large scale folds.

The Company has commissioned the preparation of a technical report on the Spider property and will file the report within the next 45 days. 

J. T. Shearer, M.Sc., P.Geo, is an independent consultant for the Company and is the Qualified Person as defined by NI 43-101 who supervised the preparation of the technical material of this release.

Jazz Resources Inc. is a junior mining resource company focused on acquiring mineral properties and exploring for and developing economically viable mineral resources.  The Company’s Teddy Glacier Property is the subject of a technical report prepared in connection with its initial public offering, the proceeds from which will be used, in part, for a bulk sampling program scheduled for this summer.

At present the main road into our properties is blocked by a rock slide that also damaged a bridge and limits access to the property. The department of forestry has assessed the damage, cleared most of the debris and stabilized the canyon wall with rock bolting. Further work will be required to upgrade the road for commercial use. Work will be able to commence to upgrade the road, once the snow melts.

On behalf of the Board of Directors,

 

“Bryan Glen”
President

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

Some of the statements contained in this news release may be “forward looking” statements which involve known and unknown risks and uncertainties.  Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are “forward looking” statements that involve various degrees of risks.  Some of these risks are included in the section entitled “Risk Factors” of the Company’s prospectus dated July 26, 2007, as amended November 8, 2007.