BRD Broadway Gold Mining Ltd

Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") is pleased to announce
that a Letter of Intent (LOI) was signed with Uranium One Inc. to exploit the
Patti Ann uranium mine surface stockpile, Lisbon Valley, Utah. This material
will be included in Bluerock's White Mesa Milling Agreements with Denison Mines
Corp.


Uranium One payment terms (pending exchange approval) include 100,000 Bluerock
shares and 20% of the net revenue of the Patti Ann uranium stockpile. The
Company must complete the first shipment to the White Mesa Mill within one year
to maintain the lease in good standing.


"The Patti Ann LOI has reduced Bluerock's production and cost risk profile and
will provide the Company with increased flexibility for delivery into its White
Mesa Milling Agreement," said Bluerock President & CEO Michael Collins.
"Bluerock's access to the only operating conventional uranium mill in the USA
has uniquely benefited the Company's ability to add near term production assets
to its existing portfolio."


The Patti Ann uranium stockpile contains a historic resources of 92,000 tons of
uranium enriched broken rock with an average grade of 0.09% U3O8 (as reported by
US Energy Corp. (pre-2001)). Preliminary uranium grade and distribution analysis
of the stockpile has begun and a test sample was provisionally deemed acceptable
for processing at the White Mesa Mill. (A qualified person has not done
sufficient work to classify the historical estimate as current mineral
resources, the issuer is not treating the historical estimate as current mineral
resources and the historical estimate should not be relied upon.)


The Patti Ann Mine and stockpile are located on Federal land approximately 60
miles from the White Mesa Mill in the Lisbon Valley, southwest Utah. Bluerock
has started permitting exploitation of the stockpile for material assessment and
transport to the White Mesa Mill.


Paul D. Gray, P.Geo. is the Qualified Person with respect to the Patti Ann Lease
Project and has reviewed and approved this press release.


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 U3O8; 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.

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