Bluerock announces non-brokered private placement

Bluerock Resources Ltd. announces a non-brokered private placement to issue up to 5,400,000 units to raise up to C$2,700,000 (the “Offering”) with a 10% over allotment.

Each unit will be priced at $0.50 and will consist of one common share and one half transferable share purchase warrant.

Each full warrant will entitle the holder to purchase one additional common share, exercisable for one year from the closing date, at a price of $0.85 per share. A 5% finders fee will be payable in association with part the financing.

The Company will use the private placement funds to further the development of its Colorado mining projects to develop uranium production in order to take full advantage of toll milling capacity reserved for Bluerock Resources in our toll milling agreement with Denison Mines (USA).

Bluerock Resources Ltd. is a uranium mining company focused on developing energy through the acquisition and development of conventional uranium resources in Utah and Colorado.