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| ||June 26, 2008|
Bluerock Sends First Shipment Of Uranium Ore From J-Bird Mine
| ||Vancouver, B.C., June 26, 2008 (BRD: TSX Venture) - Bluerock Resources Ltd. ("Bluerock" or the "Company") announces it has initiated the shipment phase of stockpiled uranium ore* from the J-Bird Uranium Mine, Montrose Country, Colorado to Denison Mines (USA) White Mesa Mill under the Company's Milling Agreements (refer to April 17, 2008 press release for details). |
"Bluerock is excited to begin the shipment phase of the Company's uranium ore production at the J-Bird Uranium Mine." said Bluerock President & CEO Michael Collins. "This is a very significant milestone in the development of the J-Bird Mine and in the evolution of Bluerock from an exploration company to becoming the newest uranium producer in the United States."
Mining, development, and exploration operations at the J-Bird Uranium Mine continue to accelerate with the recent addition of a third mining crew and a new underground construction crew. The uranium ore which is currently being shipped represents mineralized seams intercepted during the development phase of work at the mine, and the Company expects uranium ore production to increase as development work approaches the #2 mineralized zone (which was drill defined in 2006 and 2007 by Bluerock and the previous operator, Rimrock Exploration and Development Inc.)
The Company has also recently added equipment and personnel to the J-Bird underground ore delineation drill program, and looks forward to the re-initiation of the surface drilling, with the objective of expanding the known mineralized zones.
Bluerock ore truck hauling uranium ore from J-Bird Uranium stockpile to Denison Mines (USA) White Mesa Mill.
*Ore, as stated in this news release, is defined as material that can be mined and shipped to the White Mesa Uranium Mill under the Company's 'ore purchase' agreement and/or toll milling agreement with the mill owner and operator, Denison Mines (USA).
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
President and CEO
For further information, please contact:
Cary Martin, Manager of Investor Relations
Bluerock Resources Ltd.
350-580 Hornby St,
Vancouver BC, V6C 3B6
Telephone: (604) 687-2471
Facsimile: (604) 687-2472
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 U308; 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release
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