Bluerock Resources Ltd.
TSX VENTURE : BRD

Bluerock Resources Ltd.

November 06, 2007 09:30 ET

Bluerock Resources Begins Drilling Program and Development Work on the J-Bird Uranium Mine, Montrose County, Colorado, USA

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2007) - Bluerock Resources Ltd. (TSX VENTURE:BRD) (the Company) announces it has initiated a drilling program at the J-Bird Uranium Mine Project in Montrose County, Colorado, USA. The 22 hole drill program will focus on defining and expanding the four known mineralized zones outlined within the J-Bird Mine plan.

The planned drilling program is the first step in Bluerock's strategy to begin uranium production from the J-Bird Uranium Mine. While the location of the portal and initial decline development plans have already been determined, this drilling program will guide and direct the subsequent underground development and production of the Mine. The J-Bird Uranium Mine development work is slated to begin by mid-November, 2007. To that end, site preparation on the J-Bird Uranium Mine has begun and will continue in conjunction with the drilling program. Uranium ore stockpile and waste rock area preparation has commenced and additional mining infrastructure is currently being mobilized to the J-Bird Uranium Mine to support the mining operations.

Rimrock Exploration and Development has been contracted to conduct the Rotary Circulation (RC) drilling program which is planned to consist of a total of 7,000 feet (2,134 metres) of drilling from 22 setups. The drillholes will be probed by gamma logging equipment to quickly and effectively define all mineralized intervals encountered. Company staff will be responsible for mine production operations and specialized contractors will be utilized for development work.

The J-Bird Uranium Mine project consists of 25 mineral claims encompassing the permitted J-Bird Uranium Mine, mine site and surrounding area. The Project is located west of the historic Uravan Uranium/Vanadium Mineral Belt, Montrose County, Colorado which is the main target of the Company's aggressive uranium project acquisition and production strategy. The J-Bird Uranium Mine Project is permitted for mining operations with both the state and BLM offices, and this fact has allowed the Company to initiate underground development of the J-Bird Uranium Mine toward uranium production in a rapid time frame.

Bluerock President Michael Collins commented: "The J-Bird Uranium Mine is the first of Bluerock's four fast tracked Uravan Mining District Uranium projects to begin operations, and represents a key step in the Company's near term production strategy. The Company continues to work to return the Tramp Uranium Mine to production and to permit the Sunbeam and Cone Mountain Uranium projects towards production."

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

Bluerock Resources Ltd. is a uranium exploration company focused on developing 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

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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