By Marketwire,
February 2, 2009 at 1:00 PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 2, 2009) -
NOT FOR DISSEMMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES
Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") announces it has notified the underlying vendors of the J-Bird Uranium Mine and the Cone Mountain Uranium Mine that it is returning these properties to them as the Company has not met required option payments due to market conditions. The company has ceased permitting and development on its projects. While the Denison Mines (USA) Ltd., Toll Milling agreement is still in good standing, the aforementioned events may preclude the Company's ability to meet the terms of this agreement unless market conditions change.