Bluerock Resources Ltd.

Bluerock Resources Ltd.

January 09, 2007 06:00 ET

Bluerock Resources Identifies Uranium and Gold Exploration Targets in Mongolia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 9, 2007) - Bluerock Resources Ltd. (TSX VENTURE:BRD) (Bluerock) announces that the Mongolian exploration office has reviewed and processed data from their Fall 2006 Mongolian field programs. The programs consisted of ground based geophysics combined with soil, rock and water sampling on five (5) of the eight (8) properties in the Uranerz-Bluerock joint venture.

Program highlights include:

- Six (6) new uranium anomalies in addition to the historic Khavtsal deposit

- Assay results including:

- 0.023% U in a grab rock sample, and

- Two (2) soil samples that assayed 44 ppm U and 30 ppm U.

- Three (3) new gold anomalies have been identified on 2 projects with assays of 131 ppb, 78 ppb, and 23 ppb Gold.

Michael Collins, President of Bluerock, states, "The results from this round of exploration demonstrate the quality and prospectivity of the Mongolian JV projects. We believe Bluerock can add significant shareholder value in Mongolia this year and will continue to rapidly advance the Mongolia projects. The successes of the 2006 program add tremendous value and focus to the upcoming exploration and drill programs."

Looking to the first quarter of 2007, Bluerock plans to complete seismic survey in the Ulaan Nuur Depression where three project areas are located, the Khavtsal, Khudgiin Us and Tolgod. Exploration work on all three projects, as well as the nearby historic Soviet "Ulaan Nuur" showing, demonstrate the presence of anomalous uranium values within and on the flanks of the Ulaan Nuur basin (historic drill hole grades are reported up to 0.3% over 0.5 metres U308). The seismic surveys will be designed to define depth profiles of the basin as well as hydrological controls on mineralizing systems. This additional information will allow Bluerock to plan and execute a focused drill program in the summer of 2007.

Bluerock is designing an exploration program for summer 2007 that is expected to include drilling on the Khavtsal project in addition to the four (4) newly prioritized projects. Further field studies will also be commissioned for infill soil and rock sampling in priority areas.

A total of 1,227 assays have been reported and over 1,500 line km of truck borne scintillometer surveys conducted during the Fall 2006 programs. Soil sampling was carried out along GPS controlled grid lines oriented perpendicular to lithology. Line spacing was typically one (1) km with samples taken on 500 metre centres, tighter grids were established over targets of interest. Water sampling was done where accessible wells were encountered. Rock samples were collected whenever exposure was seen.

The initial 48 samples from the 2006 exploration programs were prepped at the Mongolian Central Geological Laboratory (MCGL), where duplicate 65g pulps were produced after crushing to 90% passing -80 mesh. The MCGL has been an accredited lab under the German Accreditation System since 2002. Pulps were sent to both ACME Analytical Labs in Vancouver, and to Sosnovgeology State Laboratory in Irkutsk, R.F. ACME analysed the samples by 37 element ICP-MS (1F-MS package), while Sosnovgeology utilized XRF for U analyses.

The remainder of the samples were prepped and analysed by Activation Laboratories of Ancaster, Ontario, at their lab in Ulaanbaatar, Mongolia. Rock preparation consisted of crushing and pulverising to 85% passing 75 micron mesh. Soil sample preparation included drying and sieving to -80 mesh, with the oversize being discarded. Gold analyses were by standard one ton fire assay. Uranium results were by XRF, and base metals analyses were AA. All samples of interest, plus 10% of the remainder, were shipped to Canada by Actlabs, for ICP-MS verification at their Ancaster facility. Duplicate pulps were prepared for all XRF samples, and subsequently shipped to Sosnovgeology for comparison of results. Those results are forthcoming.

Bluerock has been continuously researching the historic Soviet vintage exploration work conducted within the JV areas of interest. A large amount of the Uranium based data was exported from Mongolia to Russia in the early '90's and now resides at the State Geological Institute in Irkutsk. Through this institution, Bluerock has been able to access a wealth of project specific and more general geological data which is being integrated into Bluerock's databases on an ongoing basis.

These projects are under an option agreement with Uranerz (see News Release of September 12, 2006).

Paul D. Gray, P.Geo. is the Qualified Person with respect to the Mongolian JV properties 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.


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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