Blue Sky Uranium Corp. Windstorm Resources Inc. Receives Shareholder Approval of Business Combination with Blue Sky Uranium by 24hgold

Mots clés associés : Canada | Uranium |

NEWS RELEASE

Friday, June 29, 2012
Windstorm Resources Inc. Receives Shareholder Approval of Business Combination with Blue Sky Uranium Corp.

Not for distribution in the United States or to U.S. newswire services
Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: AOMKXP)) ("Blue Sky") and Windstorm Resources Inc. (TSX-V: WSR, FRA: 4WE (WKN: A1H700)) ("Windstorm") are pleased to announce that, at the special meeting held June 28, 2012, Windstorm received the necessary shareholder approval of the plan of arrangement pursuant to which Blue Sky will acquire all of the outstanding common shares of Windstorm (the "Arrangement") and Windstorm will become a wholly-owned subsidiary of Blue Sky.

At the meeting, 40.26% of Windstorm shareholders were represented in person or by proxy. The Arrangement was approved on a vote by ballot with approximately 97% of the shares being voted in favor of the Arrangement. For details of the Arrangement, please refer to Windstorm's information circular dated May 24, 2012 previously sent to shareholders and available on SEDAR at www.sedar.com.

Windstorm plans to seek final approval of the Arrangement by the Supreme Court of British Columbia on July 3, 2012.

The securities of Blue Sky referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. Accordingly, to the extent required, it is anticipated that the Arrangement will be effected in reliance upon the exemption from registration provided by section 3(a)(10) of the U.S. Securities Act. This news release does not constitute an offer of securities, nor a solicitation for offers to buy any securities.

For further information please contact:

Sean Hurd
President & CEO

Terminal City Club Tower,
Suite 709 - 837 W. Hastings St.
Vancouver, BC CANADA V6C 3N6
TSX Venture Exchange: BSK
Frankfurt Stock Exchange: MAL (WKN A0MKXP)
Tel: 604-687-1828 . Fax: 604-687-1858
Toll Free: 1-800-901-0058
www.blueskyuranium.com
info@blueskyuranium.com

Gerald Carlson
President & CEO

Terminal City Club Tower,
Suite 709 - 837 W. Hastings St.
Vancouver, BC CANADA V6C 3N6
TSX Venture Exchange: WSR
Frankfurt Stock Exchange: 4WE (WKN: A1H700)
Tel: 604-687-1828 . Fax: 604-687-1858
Toll Free: 1-800-901-0058
www.windstormresources.com
info@windstormresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including statements relating to the merits of the Arrangement, Blue Sky's uranium projects and the exploration, advancement and funding of those projects. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Blue Sky and Windstorm, including, but not limited to the expected benefits from the proposed Arrangement; the impact of general and global economic conditions; industry conditions; volatility of commodity prices; risks associated with the uncertainty of mineral resource estimates; risks associated with the geology, grade and continuity of any mineral deposits; currency fluctuations; dependence upon regulatory approvals; dependence upon key management; the availability of future financing and market conditions; risks associated with property option and joint venture agreements; and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

View News Release in PDF Format: http://www.blueskyuranium.com/i/pdf/2012-06-29_NR.pdf

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