February 02, 2009 08:00 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2009) -
NOT FOR DISSEMMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES
Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") announces it has notified the underlying vendors of the J-Bird Uranium Mine and the Cone Mountain Uranium Mine that it is returning these properties to them as the Company has not met required option payments due to market conditions. The company has ceased permitting and development on its projects. While the Denison Mines (USA) Ltd., Toll Milling agreement is still in good standing, the aforementioned events may preclude the Company's ability to meet the terms of this agreement unless market conditions change.
Bluerock intends to continue operating as an exploration focused company building and acquiring significant mineral resources.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins, President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Bluerock Resources Ltd.Michael CollinsPresident and CEO(604) 687-2471(604) 687-2472 (FAX)Email: email@example.comWebsite: www.bluerockresources.com
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