Bluerock, Uranerz Closes Sale of Mongolian JV Interests

Bluerock Resources Ltd. ("Bluerock" or the "Company") (TSX VENTURE:BRD) and
Uranerz Energy Corp. (Uranerz) have closed the sale of their jointly owned
Mongolian joint venture company, Rolling Hills Resources LLC (RHR), to Jindal
Steel & Power (Mauritius) Limited (See News Release of June 24, 2008). The
Mongolian joint venture assets had been previously deemed to be non-core to the
Company's primary focus of developing near term uranium production in Colorado
and Utah, USA.


In February 2006 Bluerock entered into an option agreement with Uranerz to
explore for, and develop uranium resources on the RHR licenses. In March 2008
Bluerock demonstrated that it had fulfilled the requirements of the option
agreement, and was vested with a 60% interest in the Mongolian JV. 


The divestiture included all Mongolian uranium exploration licenses, equipment,
receivables and other existing material assets maintained by RHR in Mongolia,
and was completed after an extensive due diligence review by Jindal and its
representatives. Bluerock has agreed not to compete in uranium exploration in
Mongolia for a period of five years. The divestiture provides Bluerock with an
overall gain on the sale of approximately US$1,400,000. Bluerock no longer has
any property interests in Mongolia.


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 U308; the availability of permits and surface rights; access
to financing, equipment and labour and that the political environment within
Canada and 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.