Blue Sky Uranium Corp.

Blue Sky Uranium Corp.

June 14, 2007 13:33 ET

Blue Sky Uranium Corp.: Exploration Underway at Santa Barbara Uranium Project, Argentina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2007) - Blue Sky Uranium Corp. (TSX VENTURE:BSK)(FRANKFURT:MAL)(WKN:A0MKXP) is pleased to announce the Company has commenced a Phase 1 exploration program on Blue Sky's Santa Barbara uranium project, located in Rio Negro Province, Argentina. The surface exploration program will delineate the extent of zones of outcropping uranium mineralization and will include grid-based scintilometer surveying and hand trenching/pitting to collect rock samples for analysis.

Previous sampling of outcropping yellow uranium-vanadium mineralization on the Santa Barbara property returned values of greater than 10,000 ppm (greater than 1%) U and 797.8 ppm U (0.08%) U from two points 16.5m apart (1% U is equivalent to 1.18% U3O8 or 23.58 pounds/ton U3O8). See press release dated May 9, 2007.

Blue Sky is earning 75% interest (from Argentina Uranium Corp.) in the 60,000 hectare Santa Barbara property. The Santa Barbara uranium project is a new discovery made by Dr. Jorge Berizzo, an internationally recognized Argentine geologist who also played a leading role in the discovery of the Cerro Solo uranium deposit (10.14 million lbs. U at 0.3 to 0.5% U) in nearby Chubut Province. Blue Sky has an exclusive agreement with Argentine Uranium Corp. to review over 4,000 square kilometres of its prospective uranium property in Argentina.

The uranium mineralization identified to date on the Santa Barbara property is hosted by continental fluvial Upper Cretaceous calcite-cemented conglomerate and sandstone interlayered between limonitic mudstones with high gypsum contents. These rocks are generally un-deformed and sub-horizontal in an area of subdued topography. Cerro Solo is hosted by Lower Cretaceous fluvial sedimentary rocks of the San Jorge Basin in a similar geological setting as that found in the Neuquen Basin in the Santa Barbara area.

Blue Sky is a uranium exploration company led by experienced management and technical teams. Blue Sky is actively exploring in Argentina 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.

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