Bluerock Resources Sells United States Subsidiary

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

Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") announces the sale of
Bluerock Energy Corp. ("BEC") which includes all the Company's United States
assets such as mineral claims, mineral claim options, equipment and leases, with
the exception of the Toll Milling agreement with Denison Mines (USA) Ltd. and
the Skull Creek Project. The Company has sold all the shares of BEC to Mancos
Resources Inc., a Colorado company, for the sum of one dollar and assumption of
all assets and liabilities. The Company viewed the sale of BEC as a requirement
as BEC had reached a point where it was unable to meet it's on-going obligations
to creditors, and the optimum solution is for a local, on-site company to manage
the liquidation of BEC assets. 


While the Denison Mines (USA) Ltd., Toll Milling agreement remains in good
standing, the sale of BEC may preclude the Company's ability to meet the terms
of this agreement. The Company has advised Denison Mines (USA) Ltd. of the
situation and is currently in discussion with Denison Mines (USA) Ltd. with
respect to the status of this agreement.


Bluerock intends to continue operating as an exploration focused company
building and acquiring significant mineral 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, 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 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.