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NEWS RELEASE

Wednesday, September 01, 2010
Blue Sky Closes Private Placement Financing



Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) ("Blue Sky" or the "Company") has received regulatory approval from the TSX Venture Exchange for the Company's non-brokered private placement originally announced on July 19, 2010. Blue Sky has issued 10,329,000 units at a price of $0.25 per unit for gross proceeds of $2,582,250. Lumina Capital LP subscribed for 1,000,000 units of the private placement.

Each unit consists of one common share and one-half common share purchase warrant. Each full warrant will entitle the holder thereof to purchase one additional common share in the capital of the company at a price of 35 cents per share for 24 months from the date of issue of the warrant. If the closing price for the company's common shares is 60 cents or greater for a period of 15 consecutive trading days, then the warrantholders will have 20 days to exercise their warrants; otherwise the warrants will expire on the 21st day. A director of the Company subscribed for a portion of the financing.

The proceeds of this financing will be used to explore and develop Blue Sky's uranium property portfolio in Argentina and for general working capital.

Finders' fees are payable on a portion of the private placement to parties at arm's length to the Company, as follows: total cash fees of $133,727.50; and, 534,310 finders' warrants, such warrants exercisable into common shares at 35 cents per share for a two-year period.

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

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Blue Sky Uranium Corp.

EXPLORATEUR
CODE : BSK.V
ISIN : CA0960494080
Suivi et investissement
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Rapports annuels de Blue Sky Uranium Corp.
2008 annual Report
2007 Annual report
Financements de Blue Sky Uranium Corp.
31/01/2014Closes First Tranche of Private Placement
27/01/2014Announces Private Placement
09/01/2014Closes Financing
19/02/2013Announces Non-Brokered Private Placement
14/09/2012Closes Final Tranche of Oversubscribed Financing
03/09/2012Closes Second Tranche of Financing
22/08/2012Closes First Tranche of Private Placement
16/08/2012Announces Non-Brokered Private Placement
19/12/2011Closes Final Tranche of Non-Brokered Private Placement
07/12/2011Closes First Tranche of Non-Brokered Private Placement
11/05/2011Closes Over-subscribed Private Placement Financing
26/04/2011Announces $720,000 Non-Brokered Financing
01/11/2010Announces Exercise of 3,333,333 Warrants
01/09/2010Closes Private Placement Financing
19/07/2010Announces $3.5 Million Non-Brokered Private Placement
08/04/2010Lumina Capital Exercises 5,000,000 Warrants in Blue Sky Uran...
Attributions d'options de Blue Sky Uranium Corp.
04/02/2014Engages Palisade Capital for Marketing Services and Grants O...
Nominations de Blue Sky Uranium Corp.
13/03/2013Corporate Changes - Chief Financial Officer
02/08/2011Normand Champigny Appointed to Board of Directors of Blue S...
22/04/2010Appoints Chief Financial Officer and Corporate Secretary
Projets de Blue Sky Uranium Corp.
18/11/2013Commences Drilling in Rio Negro Province, Argentina
07/03/2013Exploration Update for Sierra Colonia Uranium Project
28/01/2013AREVA Funds $2 Million 2013 Exploration Program
29/10/2012Trenching Completed At Blue Sky's Ivana Project
29/06/2012Windstorm Resources Inc. Receives Shareholder Approval of Bu...
23/05/2012and Windstorm Resources Inc. Announce Signing of Arrangement...
27/04/2012and Windstorm Resources Inc. Announce Agreement to Merge
04/01/2012Partners with AREVA to Advance Exploration in Argentina
27/10/2011Announces Advanced Joint Venture Negotiations with Multi-Nat...
26/10/2011Announces High-Grade Near Surface Uranium Discovery at IVANA
27/07/2011Presents Uranium Discovery at International Atomic Energy Ag...
03/06/2011invites you to the World Resource Conference in Vancouver, J...
22/02/2011Announces New Uranium Discovery In Rio Negro, Argentina
18/05/2010(Anit)Drilling Confirms Extensive Uranium - Vanadium Mineralizatio...
25/03/2010(Anit)Commences Drilling At ANIT
23/03/2010(Anit)defines Wide Intervals of High Grade Uranium - Vanadium Mine...
01/12/2009(Anit)identifies new drill targets and extends Anit Uranium Vanadi...
10/09/2009(Anit)Makes Important Discovery In Rio Negro, Argentina
Communiqués de Presse de Blue Sky Uranium Corp.
18/01/2013BSK Attending Cambridge Conference in Vancouver
26/09/2012Results of Annual General Meeting
08/08/2012High Grade Surficial Uranium Encountered At Ivana VIII Proje...
03/04/2012Completion of Share Consolidation
23/03/2012Shareholders Approve Restructuring
13/03/2012Expands High Grade Uranium Mineralization at the Ivana Proje...
16/02/2012to Shareholders
09/02/2012and Partner AREVA Commence 2012 Exploration Program
28/01/2012Share Capital Restructuring
20/10/2011Discovers Uranium at Sierra Colonia, Chubut Province, Argent...
16/08/2011reports major targets adjacent to Marifil's San Roque Au-Ag ...
01/06/2011Normand Champigny Appointed President & COO of Blue Sky Uran...
05/01/2011Expands Technical Advisory Board
04/10/2010Identifies Three New Uranium Targets with Rio Negro Regional...
29/09/2010Extends Uranium Mineralization in Phase II drilling at ANIT
10/07/2010Results of Annual General Meeting of Blue Sky Uranium Corpo...
07/05/2009Closes Financing
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TSX-V (BSK.V)FRANKFURT (MAL.F)
0,015-25.00%0,022-33.33%
TSX-V
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