Lumina Capital Exercises 5,000,000 Warrants in Blue Sky Uranium Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce that Lumina Capital
Terminal City Club Tower, Suite 709 - 837 West Hastings Street Vancouver, BC CANADA V6C 3N6 TSX Venture Exchange: BSK Tel: 604-687-1828 • Fax: 604-687-1858 • Toll Free: 1-800-901-0058 Frankfurt Stock Exchange: MAL (WKN A0MKXP) www.blueskyuranium.com • [email protected] ____________________________________________________________________________________________________
NEWS RELEASE – April 8, 2010 Lumina Capital Exercises 5,000,000 Warrants in Blue Sky Uranium
Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce that Lumina Capital Limited Partnership ("Lumina Capital"), an investment partnership held principally by Vancouver mining entrepreneur Ross Beaty, has exercised 5,000,000 warrants thereby increasing its holdings in Blue Sky to 9,545,455 common shares. Lumina Capital now owns 15% of the outstanding shares of Blue Sky Uranium. The proceeds from the warrant exercise ($1,000,000) will be used to explore and develop the Company's uranium property portfolio in Argentina and for general working capital requirements.
"We are very pleased to have Lumina Capital significantly increase its shareholdings in Blue Sky and in particular for their continued strong support. With the exercise of the warrants we have increased our treasury allowing us to advance our exploration efforts in Argentina while minimizing dilution to our share capital.” said Mr. Sean Hurd, President & C.E.O.
As previously announced on March 25, 2010, a Phase 1 drill program is underway on the Company’s ANIT uranium project in Rio Negro Province, Argentina. The program consists of approximately 200 drill holes for a total of 5,000 meters of aircore drilling to test 6 km of the known mineralized paleo-channel, defined by pits and trenching, as well as further targets in the 15 km long radiometric U anomaly, and radon gas and new geochemical targets outside the principal airborne anomalies.
About Blue Sky Uranium Corp.
Blue Sky Uranium Corp. is dedicated to actively exploring the Patagonia region of Argentina. Experienced management and technical members, who foster relationships with a vast amount of international industry contacts, lead the exploration team on the search for quality resource opportunities. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America.
ON BEHALF OF THE BOARD
“Sean Hurd”
____________________________ Mr. Sean Hurd, President & CEO
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2010