Bluerock Resources Ltd.
TSX VENTURE : BRD

Bluerock Resources Ltd.

April 30, 2009 19:18 ET

Bluerock Resources Ltd.: Stock Consolidation and Renaming of Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) -

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

Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") announces that pursuant to receipt of shareholder approval at the Company's special meeting on April 30, 2009, the Company's name and trading symbol will be changed to Argus Metals Corp. - trading symbol AML:TSX Venture. Upon acceptance of filings with the TSX Venture Exchange, the stock will be consolidated on a 1 for 15 basis resulting in a share capital of 3,890,664 trading under the name "Argus Metals Corp." and the symbol AML.

With the sale of the Company's US subsidiary in February of 2009 the company no longer has a meaningful presence in the uranium market and will not be constrained to a uranium focus going forward.

Pending acceptance by creditors, a share issuance is contemplated to settle approximately $125,000 in debts with certain officers and creditors of the Company.

The Company also announces the appointment of Alan C. Savage as a director of the Company. Mr. Savage has been active in the resource sector since 1978. Currently, Mr. Savage is a director of Copper Ridge Exploration Ltd. and president of Southern Gold Resources Ltd.

ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, President and CEO

FORWARD LOOKING INFORMATION DISCLAIMER

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable securities legislation, including statements concerning our plans to raise private placement funds, settle debts and consolidate our shares. Each of these activities involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Risks include delays in obtaining or failure to obtain required TSXV or shareholder approvals. There is no assurance the Company will be able to find or acquire mineral properties of the nature desired. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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