Blue Sky Uranium Corp.

Blue Sky Uranium Corp.

February 27, 2008 11:30 ET

Blue Sky and Eagle Plains to Drill Saskatchewan Uranium Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2008) - Blue Sky Uranium Corp. (TSX VENTURE:BSK)(FRANKFURT:MAL)(WKN A0MKXP) and Eagle Plains Resources (TSX VENTURE:EPL) are pleased to announce that crews have been mobilized to the Karin Lake uranium property in the Athabasca Region of Saskatchewan, Canada. The 1,500 metre diamond drill program will test the Craig Bay mineral showing, along portions of a strong EM-conductor identified during the 2006 GEOTEM airborne survey.

The EM conductor coincides with a greater than 2 kilometer long pronounced topographic lineament that is associated with yellow and red stained mineralized boulders that have returned historical values up to 0.93% U3O8 (see Karin Lake 43-101 and AR 74A14-0011). Recent mapping, sampling and radon and scintillometer surveys along this lineament by EPL geologists have revealed an extensive anomalous outcrop area, which returned sample values of up to 0.18% U3O8.

The claims lie 30 kilometres south of the edge of the Athabasca Formation, and are underlain by basement rocks of the Wollaston Domain comprised of Aphebian metasedimentary gneisses and schists, including pelitic schists and gneisses with graphitic horizons. The Craig Bay mineral showing is located along the southeast margin of a 27 kilometer long conductive EM anomaly ring feature, entirely within the Karin Lake property claim area. At least two other uranium mineral occurrences along this ring feature have seen historical drilling which proved graphite dominant horizons to explain the EM-conductor. The focus will be to explore for uranium deposits along the ring EM-conductive feature at intersections with north to northwest-trending faults which are interpreted to have formed structural traps where uranium mineralization may have been preserved.

Blue Sky is earning a 60% interest in the Eagle Lake/Karin Lake projects that cover 69,000 hectares and are located approximately 35 km east of Cameco's Key Lake mining operation in north-central Saskatchewan, Canada. The 2008 drilling program will be under the direction of EPL Chief Geologist Jarrod Brown, P.Geo.

This news release has been reviewed and approved by C.C. (Chuck) Downie, P.Geo., hereby designated as a "Qualified Person" under National Instrument 43-101.

Blue Sky is a uranium exploration company led by experienced management and technical teams. Blue Sky is actively exploring in the Patagonia region of Argentina, in Colombia and in the Athabasca area of Northern Saskatchewan. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America.


Mr. Sean Hurd, President & CEO

Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.


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

Contact Information