Mr. Nikolaos Cacos reports

BLUE SKY URANIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Blue Sky Uranium Corp. has arranged a non-brokered private placement financing of up to 20 million units at a price of 7.5 cents per unit for aggregate gross proceeds of $1.5-million.

Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the company at an exercise price of 12 cents per warrant share for three years from the date of issue.

The units to be issued under the offering will be offered to purchasers pursuant to the listed issuer financing exemption (LIFE) under Part 5A of National Instrument 45-106 -- Prospectus Exemptions in all the provinces of Canada, except Quebec, and in certain other jurisdictions pursuant to applicable securities laws. The LIFE units will not be subject to resale restrictions pursuant to applicable Canadian securities laws. There is an offering document relating to the offering that can be accessed under the company's profile on SEDAR and on the company's website. Prospective investors should read this offering document before making an investment decision.

Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including, but not limited to, the approval of the TSX Venture Exchange. Directors, officers and employees of the company may participate in a portion of the offering and any securities issued to such directors and officers are subject to the exchange's four-month hold period. A commission may be paid to arm's-length finders on a portion of the offering. The proceeds of the offering will be used for exploration programs on the company's projects in Argentina and for general working capital.

About Blue Sky Uranium Corp.

Blue Sky Uranium is a leader in uranium discovery in Argentina. The company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers, while respecting the environment, the communities and the cultures in all the areas in which the company works. Blue Sky has the exclusive right to properties in two provinces in Argentina. The company's flagship Amarillo Grande project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

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