Bluerock Resources Ltd.

Bluerock Resources Ltd.

December 04, 2006 09:00 ET

Bluerock Resources Ltd.: Manager of Investor Relations Appointed, Firefly Option Agreement Terminated

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") announces that it has engaged Mr. Cary Martin to act as the Company's Manager of Investor Relations; and entered into an investor relations agreement with Cary C. Martin & Associates ("CCMA") dated November 28, 2006 (the "IR Agreement"). Under the terms of the IR Agreement, CCMA will provide the services of Mr. Martin to the Corporation in connection with the promotion, marketing and funding of the Corporation to the public. The IR Agreement is subject to TSX Venture Exchange ("Exchange") approval and is for an initial one year term, reviewable after three months, and if satisfactory, renewable thereafter annually on the mutual agreement of the parties.

The Corporation has agreed to pay CCMA a fee of CDN$6,000 per month, payable in advance on the first business day of each month. In addition, the Corporation has agreed to grant to Cary Martin incentive stock options to acquire up to 150,000 shares of the Company (the "Option"), exercisable for a period of two years at $0.89 per share, such Option to commence on the date the Corporation receives Exchange approval to the IR Agreement, and to be subject to vesting restrictions pursuant to Exchange Policies.

Cary C. Martin & Associates is an Investor/Media Relations Services Company, specializing in Investor Relations, Corporate Communications/Media Relations.

"We assist our client companies in reaching their investor relations/corporate communications objectives through coordination, preparation and implementation of adequate IR/Media programs concentrating on gaining exposure for our clients throughout the investment community. We provide individualized services to successfully fulfill our client's objectives and strategies."

The company also announces that, following a comprehensive collection and review of information on the Firefly Project, Utah, the company will not be closing the agreement and has informed the vendor that they are released from any obligation of the due diligence period.

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

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

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