Blue Sky Grants Stock Options
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 – October 5, 2010
Blue Sky Grants Stock Options
Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) ("Blue Sky" or the "Company") announces that, pursuant to the Company's stock option plan, it has granted incentive stock options to its directors, employees and consultants to purchase up to 3,270,000 common shares in the capital stock of Blue Sky, exercisable for a period of five years, at a price of $0.26 per share. These options are subject to a four-month hold period.
About Blue Sky Uranium Corp.
Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America. Blue Sky, through its membership with Grosso Group Management, signed an agreement in principle for a strategic alliance with the Government of Rio Negro for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits. The Company 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.
ON BEHALF OF THE BOARD
“Sean Hurd”
Mr. Sean Hurd, President & CEO
For further information please contact:
Corporate Communications Tel: 1-604-687-1828 Toll-free: 1-800-901-0058 Email: [email protected]
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