Bluerock Resources Ltd.
TSX VENTURE : BRD

Bluerock Resources Ltd.

October 05, 2007 16:30 ET

Bluerock Resources Announces Preliminary Drilling Results at the Andrew Lloyd Uranium Mine, Garfield County, Utah

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 5, 2007) - Bluerock Resources Ltd. (TSX VENTURE:BRD) (the Company) announces Phase I drilling program results from the Andrew Lloyd Uranium Mine, PSC Project, in the Orange Cliffs Mining District, south central Utah, U.S.A. The drilling program targeted the channel extension of the Andrew Lloyd Uranium Mine where historic(i) production graded 0.17% U3O8. Based on initial drilling results, the Company has modified the permitted Phase II drill program and is awaiting regulatory approval.

The Phase I exploration program consisted of 10 vertical rotary drill holes, totalling 375.3 metres (1,231.3 feet), and the mapping, and survey by scintillometer, of over 240 metres (800 feet) of the existing underground workings at the Andrew Lloyd Uranium Mine. Upon the completion of drilling, all holes were tested by a Company, hand-crank, gamma probe to identify any areas of anomalous uranium mineralization. The geophysical results were generally low and it was therefore determined not to bring a third party geophysical contractor to gamma probe the drill holes. The drill holes did not intersect the main channel target as they were interpreted to have been drilled slightly north of the channel.

Contract personnel are currently working on amending the Phase I drill permits to allow for multiple drill holes to be drilled from the permitted drill sites, a process anticipated to take four to six weeks. Drilling at the Andrew Lloyd Project will resume on receipt of the amended permits and will focus on intersecting the Andrew Lloyd mineralized channel structure.

The Company has also modified the permits for its additional targets within the PSC Project, the Recapture and Rainbow Ridge areas. These programs will consist of core recovery drilling on inclined holes and vertical rotary table air blast drilling followed by gamma logging by third party contract geologists and, where warranted, anomalous intersections will be twinned with core recovery holes to allow for chemical analysis.

The PSC Project consists of 43 claims in five distinct claim blocks, in the Orange Cliffs Uranium District of Utah. The Project encompasses two past producing mines, the Silver Bell Uranium Mine and the Andrew Lloyd Uranium Mine, along with two historic(i) drill outs, and the one grass roots prospect. The Orange Cliffs District is a Chinle Formation Uranium Camp located less than 50 miles (80km) to the north east of Uranium One's Shootaring Canyon uranium mill.

President Michael Collins commented: "The results of Phase I drilling at the PSC have given us a clear focus for follow up drilling at the Andrew Lloyd Uranium Mine and a better understanding of the local depositional variables as we initiate Phase II of our on-going uranium exploration programs on the PSC Project."

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

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

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, CEO, President and Director

(i) The historical work was conducted by previous mine operators, the reliability of this data is unknown but considered reasonable and confirmation work may produce results that differ substantially from the historic results.

Statements contained in this document that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the B.C. Securities Commission.

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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