Blue Rock Resources Ltd. Closes $6.7 Million in Financings by 24hgold

Keywords : Mongolia | Uranium | Utah |

	Thursday, August 02, 2007 Bluerock Closes $6.7 Million in Financings
	NOT FOR DISSEMMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES August 2, 2007 - Bluerock Resources Ltd. (TSX-V:BRD) (the "Company") announces that, further to its news releases of July 3 and July 17, 2007, it has closed its financing comprised of both a brokered and non-brokered private placement and issued an aggregate 13,999,583 units ("Units") at a price of $0.48 per Unit for gross proceeds of $6,719,799.84. Each Unit consists of one common share ("Share") and one-half of one share purchase warrant ("Warrant"). Each whole Warrant is exercisable for a period of two years at a price of $0.70 per share. 8,100,000 Units were sold pursuant to the brokered portion; and the balance of 5,899,583 Units were sold pursuant to the non-brokered portion. PI Financial Corp. acted as agent for the brokered private placement (the "Agent"). The Agent received a 7% commission, paid as to $181,920 in cash and 188,000 commission units (having the same terms and conditions as the Units). In addition the Agent received 648,000 agent's options, whereby each agent's option entitles the holder to acquire one common share of the Company at a price of $0.70 per share for a period of two years from the date of issuance. With respect to the non-brokered private placement, the Company paid $121,695.97 and issued an aggregate 170,975 common shares as finder's fees. All securities issued with respect to the private placements are subject to a hold period expiring December 2, 2007. The proceeds of this financing will be used primarily for exploration expenses on the Company's properties in Mongolia and North America and for general working capital purposes. In particular, the Company will utilize the proceeds to fund the ongoing drilling programs and underground rehabilitation at the Tramp Uranium Mine in Colorado towards production in 2008 under a toll milling structure. Further, both the Company's Utah Uranium and Mongolian JV Uranium exploration projects will see continued exploration by drilling and geophysical surveys throughout 2007. Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources. ON BEHALF OF THE BOARD OF DIRECTORS Michael Collins CEO, President and Director For further information, please contact: Cary Martin, Manager Investor Relations Bluerock Resources Ltd. 350-580 Hornby St, Vancouver BC, V6C 3B6 Telephone: (604) 687-2471 Facsimile: (604) 687-2472 Website: www.bluerockresources.com Email: info@bluerockresources.com This news release, required by applicable Canadian laws, is not for distribution to U.S. news wire services or for dissemination in the United States and does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE.

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