Bluerock Resources Ltd.

Bluerock Resources Ltd.

April 29, 2008 08:00 ET

Bluerock Anounces First Uranium Production at J-Bird Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 29, 2008) - Bluerock Resources Ltd. (the "Company") (TSX VENTURE:BRD) is pleased to announce the first production of uranium development ore at the J-Bird Mine, Montrose Country, Colorado. Uranium ore will be stockpiled at the J-Bird Mine and then transported to Denison Mines' White Mesa Mill under the Company's Ore Purchase and/or Toll Milling Agreement (refer to April 17, 2008 press release for details).

Mining and development operations at the J-Bird Mine continue to accelerate and the company has intersected a 1.5 to 2 foot (0.46 to 0.61 metre) thick seam of uranium ore(i) with reported grades of 0.10 to 0.50% eU3O8. This ore is interpreted to be the western extension of Zone 1 mineralization (which was drill defined in 2006 and 2007 by Bluerock and the previous operator, Rimrock Exploration and Development Inc.) and the underground mining team continues to exploit this mineralized seam as development progresses toward the main part of Zone 1.

(i)Ore, as stated in this news release, is defined as material that can be mined and shipped to the White Mesa Uranium Mill under the Company's 'ore purchase' agreement and/or toll milling agreement with the mill owner and operator, Denison Mines (USA). The calculated uranium content, "eU3O8", was derived from gamma probing blast holes in the active mining face and gamma probing of the resulting muck piles. The gamma probes are calibrated with internal standards before and after sampling each face and muck pile.

"The start of uranium ore production and stockpiling at J-Bird Mine is a significant step for Bluerock's aim of becoming the next uranium producer in the United States," said Bluerock President & CEO Michael Collins. "We would like to congratulate our Colorado employees on their hard work and diligence in achieving Bluerock's inaugural uranium production."

The Company has also implemented an underground ore delineation drill program to augment surface drilling proximal to known ore zones. Additionally, Bluerock plans a more extensive surface drill program to drill test targets along strike and down dip from zones of known mineralization.

To view the photo accompanying this release please click on the following link:

Paul D. Gray, P.Geo. is the Qualified Person with respect to the J-Bird Uranium Project and has reviewed and approved this press release.

Bluerock Resources Ltd. is a uranium mining company focused on developing tomorrow's energy today through the acquisition and development of conventional uranium resources.


Michael Collins, President and CEO


Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the Ontario Securities Act and the Alberta Securities Act, including statements concerning our plans at our mineral projects, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, failure to establish mineral resources; delays in obtaining or failure to obtain required governmental, environmental or other project approvals; changes in national and local government legislation or regulations regarding environmental factors, royalties, taxation or foreign investment; political or economic instability; terrorism; inflation; changes in currency exchange rates; fluctuations in commodity prices; delays in the development of projects; shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration and development services; dependency on equity market financings to fund programs and maintain and develop mineral properties; risks associated with title to resource properties, particularly in Mongolia, and difficulties of determining the validity of certain tenures and other risks and uncertainties, including those described in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of U308; the availability of permits and surface rights; access to financing, equipment and labour and that the political environment within Canada, the United States of America and Mongolia will continue to support the development of environmentally safe uranium mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise 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 news release.

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