-NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO OR THROUGH US NEWSWIRE SERVICES-
Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN: A0MKXP), "Blue Sky" or the "Company") is pleased to announce that, at its Annual General Meeting of Shareholders held on Tuesday, September 25, 2012, incumbent directors Sean Hurd, David Terry and Ronald McMillan were re-elected to the Board of Directors of the Company. At the Meeting, Shareholders also approved the number of directors, ratified the Company's stock option plan and appointed D&H Group LLP, as auditor of the Company.
Subsequent to the Meeting, a Board of Directors meeting was held at which Sean Hurd was re-appointed President and CEO and Bassam Moubarak was re-appointed CFO and Corporate Secretary. Appointed to the Audit Committee and Compensation and Governance Committee were Sean Hurd, Ron McMillan and David Terry. Dr. Gerald Carlson resigned as a director, but will remain a technical advisor.
Also at the Board of Directors meeting stock options were granted pursuant to the Company's Stock Option Plan, to its officers, directors, consultants, and management company employees to purchase up to an aggregate of 972,500 common shares in the capital stock of the Company exercisable for a period of five years, at a price of $0.12 per share. These options are subject to a four-month hold period.
About Blue Sky Uranium Corp.
Blue Sky is one of Argentina's best positioned uranium exploration companies with more than 5,000 km2 of tenements. The Company's mission is to acquire, explore and advance a portfolio of uranium projects with an emphasis on surficial deposits, in Argentina and other jurisdictions.
The Company has entered into a MOU with AREVA to jointly explore Argentina for uranium deposits. The partnership will take full advantage of AREVA's vast global experience, Blue Sky's technical team and the Company's well established presence throughout Argentina (see press release of January 4, 2012 for complete details).
The Company is a member of the Grosso Group, a resource management group with experience in South America since 1993. As a member company of the Grosso Group, Blue Sky benefits from the signing of an agreement in principle for a strategic alliance with the Government of the Rio Negro province, Argentina, for the purpose of jointly exploring the potential for commercial mining activity. Argentina has an advanced nuclear industry, centered in the Rio Negro Province.
ON BEHALF OF THE BOARD
Mr. Sean Hurd, President and CEO
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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. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. 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.