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
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