Bluerock Resources Ltd.
TSX VENTURE : BRD

Bluerock Resources Ltd.

January 21, 2008 19:56 ET

Bluerock Resources Ltd. Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2008) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES

Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") announces a non-brokered private placement to issue up to 3,448,276 units to raise up to C$2,000,000 (the "Offering").

Each unit will be priced at $0.58 per unit 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 $0.82 per share.

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 LOI-toll milling agreement with Denison Mines (USA) described in our press release of January 16, 2008.

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

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. We seek safe harbour.

This news release, required by applicable Canadian laws, is not for distribution to U.S. news wire services or for dissemination in the United States and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information