BGE Blue Sky Global Energy Corp

Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE)
announces that the internal strategic review to examine optimal ways to increase
shareholder value (see press release of August 3, 2011) has been completed,
resulting in significant corporate cost savings, a targeted CEO search, a
strategy to monetize shareholder value, and a financing to enable operations to
continue comfortably through 2013. 


STRATEGIC ALTERNATIVES 

The Board believes that the current trading price of the Company's shares does
not reflect the underlying value of the Company's assets, and that market
conditions may continue to suppress the true value of the Company. Accordingly,
Paradigm Capital Inc. ("Paradigm Capital") has been retained, on a success fee
basis only, to assist the Company in identifying and evaluating strategic
opportunities available to the Company in connection with enhancing shareholder
value. The role of Paradigm Capital will include consideration of the sale of
some or all of the Company's assets, a merger, recapitalization, or corporate
sale of the entire Company. Paradigm Capital has extensive experience in
divestitures, mergers and acquisitions in the Canadian mining industry. The
Board believes that greater shareholder value can be achieved through a
transaction which brings synergies to the Company.


FINANCING

Concurrent with the strategic alternatives review, the Company has retained M
Partners Inc., on a success fee basis only, to raise funds for the Company to
enable it to operate through 2013. The Company is evaluating both debt and
equity alternatives, and will seek to minimize shareholder dilution. 


RESOURCE DEFINTION

Based on the Company's recently completed 2012 exploration work program, the
Board has approved the preparation of a 43-101 compliant report defining the
Company's current resource.


OVERHEAD AND COST REDUCTIONS

After a complete and thorough review and analysis of the Company's overhead and
expenses, the Board has adopted a plan to eliminate all unnecessary expenses in
an effort to significantly reduce the Company's monthly overhead. The new plan
has resulted in a significant decrease in the Company's monthly overhead and
general expenses, thus allowing Bison Gold to direct funds towards further
geological exploration and other primary business initiatives. 


CEO SEARCH 

The Board remains active in its search to find a new CEO for Bison Gold. The
Board is evaluating a shortlist of highly qualified candidates and the Company
will update shareholders when the successful candidate is chosen. 


About Bison Gold 

Bison Gold is a Canadian public company listed on the TSX Venture Exchange.
Bison Gold is focused on gold exploration with property assets in Manitoba,
Canada. The flagship property, Central Manitoba, is historically the 2nd largest
gold producer in the prolific Rice Lake Greenstone Belt after San Gold Corp.'s
Rice Lake Mining Operations. Further details can be found on Bison Gold's
website at www.bisongold.com. 


We seek safe harbour. This news release contains forward-looking statements
regarding the timing and content of upcoming programs and may be subject to
regulatory approval. Actual results may differ materially from those currently
anticipated in such statements. Without limitation, statements regarding
potential mineralization and resources, exploration results, and future plans
and objectives of the Company are forward looking statements that involve
various risks. The following are important factors that could cause the
Company's actual results to differ materially from those expressed or implied by
such forward looking statements: changes in the world wide price of mineral
commodities, general market conditions, risks inherent in mineral exploration,
risks associated with development, construction and mining operations, the
uncertainty of future profitability and the uncertainty of access to additional
capital. There can be no assurance that forward-looking statements will prove to
be accurate as actual results and future events may differ materially from those
anticipated in such statements. Bison undertakes no obligation to update such
forward-looking statements if circumstances or management's estimates or
opinions should change. The reader is cautioned not to place undue reliance on
such forward-looking statements.

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