BRD Broadway Gold Mining Ltd

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

Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") reports that, further
to its news release of May 9, 2008, it has closed its non-brokered private
placement and issued an aggregate 5,800,000 units ("Units") at a price of $0.50
per Unit for gross proceeds of $2,900,000.00. Each Unit consists of one common
share ("Share") and one half transferable share purchase warrant ("Warrant").
Each full warrant is exercisable for a period of one year from the closing date
at a price of $0.85 per share.


The Company will use the proceeds of the private placement to fund further
development of its Colorado mining projects towards uranium production. Bluerock
intends to take full advantage of the toll milling capacity reserved for
Bluerock Resources in the Company's toll milling agreement with Denison Mines
(USA) described in the press release of January 16, 2008.


All securities issued with respect to the private placement are subject to a
hold period expiring September 23, 2008. A cash 5% finder's fee will be payable
in association with a portion of the financing.


Bluerock Resources Ltd. is a uranium exploration company focused on developing
tomorrow's energy today through the acquisition and development of conventional
uranium resources.


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, CEO, President and Director

Statements contained in this document that are not historical facts are forward
looking statements as that term is defined in the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially from
estimated results. Such risks and uncertainties are detailed in the Company's
filings with the B.C. Securities Commission.


This news release does not constitute an offer to sell or a solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from registration is available.

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