BRD Broadway Gold Mining Ltd

Bluerock Resources Ltd. ("Bluerock") (TSX VENTURE:BRD) and Uranerz Energy
Corporation ("Uranerz") (or jointly "the Companies") announce that they have
arranged for the sale of 100% of their Mongolian Joint Venture project to Jindal
Steel & Power (Mauritius) Limited ("Jindal") for USD $2.6 million. The Mongolian
JV assets were deemed to be noncore by both Bluerock and Uranerz as they focus
on their respective near term production development projects in the continental
USA.


The sale includes all Mongolian uranium exploration projects and existing
material assets the Companies maintain in Mongolia. Jindal has until August
26th, 2008 to conduct its due diligence review and close the agreement.
Significant technical and financial review has already been completed by Jindal.


Bluerock has been acting as the operator of the Mongolian JV with Uranerz for
the past three (3) years and was materially involved in the negotiation of this
transaction with Jindal. Under the terms of the JV, Bluerock holds a 60%
ownership and Uranerz holds the remaining 40% (See the Company News Release of
April 1, 2008). Bluerock spent the 2006 and 2007 seasons advancing the Mongolian
JV Project, which resulted in several significant discoveries (See News Release
of January 22, 2008).


"The sale of Bluerock's Mongolian exploration arm is a timely step for Bluerock
as it allows the Company to monetize the exploration results over the last two
field seasons and redirect these funds towards Bluerock's main focus, our
Southwest US uranium mining projects," President Michael Collins commented.
"Bluerock remains focused on building production, and in the ground resources in
Colorado and Utah to support the Company's on-going plan of becoming the next
uranium producer in the United States."


Bluerock Resources Ltd. is a uranium mining 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, President and CEO

FORWARD LOOKING INFORMATION DISCLAIMER

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the Ontario Securities Act
and the Alberta Securities Act, including statements concerning our plans at our
mineral projects, which 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.
Forward-looking information is subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in the
forward-looking information, including, without limitation, failure to establish
mineral resources; delays in obtaining or failure to obtain required
governmental, environmental or other project approvals; changes in national and
local government legislation or regulations regarding environmental factors,
royalties, taxation or foreign investment; political or economic instability;
terrorism; inflation; changes in currency exchange rates; fluctuations in
commodity prices; delays in the development of projects; shortage of personnel
with the requisite knowledge and skills to design and execute exploration
programs; difficulties in arranging contracts for drilling and other exploration
and development services; dependency on equity market financings to fund
programs and maintain and develop mineral properties; risks associated with
title to resource properties, particularly in Mongolia, and difficulties of
determining the validity of certain tenures and other risks and uncertainties,
including those described in each management discussion and analysis. In
addition, forward-looking information is based on various assumptions including,
without limitation, the expectations and beliefs of management; the assumed
long-term price of U3O8; the availability of permits and surface rights; access
to financing, equipment and labour and that the political environment within
Canada, the United States of America and Mongolia will continue to support the
development of environmentally safe uranium mining projects. Should one or more
of these risks and uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those described in
forward-looking statements. 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.

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