Bluerock Resources Signs Option Agreement on Donna K Uranium Mine, Montose Count

The Company has obtained historical drill data(i) with 37 significantly mineralized intercepts, 11 of which lie within 3 discrete blocks. Highlights of these drill records include 3.37% eU3O8 over 2.5 feet (0.8m) and 0.49% eU3O8 over 2.0 feet (0.6m).

(i) The historical work was conducted in the 1950's and 1970's by operators including Vanadium Corp of America. The reliability of this historical data is unknown but considered relevant by Company management. This historical data is non-N.I. 43-101 compliant and should not be relied upon. There is no more recent data available. It is the Company's intention to verify this historical data. Confirmation work may produce results that differ substantially from the historic results.

Highlights of historic(i) drill intersections include:

---------------------------------------Mineral    Drill    Thickness    Grade %Block     Hole #   Feet    (m)    eU3O8---------------------------------------North      22-az    1.5  (0.5)     0.42---------------------------------------North      27-76    1.0  (0.3)      0.3---------------------------------------North      28-76    2.0  (0.6)     0.21---------------------------------------North      31-76    1.0  (0.3)     0.43---------------------------------------North      36-76    1.0  (0.3)     0.83---------------------------------------West       56-33    1.5  (0.5)     0.45---------------------------------------West       56-33    1.0  (0.3)     0.92---------------------------------------West        57-1    2.5  (0.8)     3.37---------------------------------------West       57-11    2.0  (0.6)     0.61---------------------------------------West       57-11    1.5  (0.5)      1.8---------------------------------------West       57-12    1.5  (0.5)     0.42---------------------------------------West        57-3    3.0  (0.9)     0.22---------------------------------------West        57-5    0.5  (0.2)     0.22---------------------------------------East        56-8    2.0  (0.6)     0.49---------------------------------------East        58-2    0.7  (0.2)     0.54---------------------------------------

President Michael Collins commented: "The Donna K uranium mine provides Bluerock with another advanced project for exploration and potential production within the Uravan Uranium District as we work to become a uranium producer under a toll milling scenario."

The rugged terrain of the Donna K project previously inhibited vertical drilling of favourable zones. The Company intends to utilize modern angle drilling techniques to expand on these historic results.

Under the terms of the agreement (which is subject to regulatory approval), the Company can purchase a 100% interest in the Donna K Uranium Mine from R. Neesham, L.R. Draves and T. Neesham, by:

- Paying US$67,000 and issuing 22,000 shares on exchange approval,

- Paying US$53,000 on the first anniversary of exchange approval; and

- Paying US$40,000 on the second anniversary of exchange approval.

Paul D. Gray, P.Geo. is the Qualified Person with respect to the Donna K's Uranium Project and has reviewed and approved this press release.

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, 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 filing with the B.C. Securities Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.