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Blue Sky Announces Advanced Joint Venture Negotiations with Multi-National Uranium Mining Company
October 27, 2011
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October 27, 2011 - Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL, WKN: A0MKXP, “Blue Sky” or the “Company”) is pleased to announce that it is negotiating with a multi-national uranium mining company regarding entering into a joint venture on Blue Sky’s uranium projects in Argentina. The negotiations are at an advanced stage, and their successful conclusion is subject to the outcome of ongoing due diligence. About Blue Sky Uranium Corp. Blue Sky is one of Argentina’s leading uranium exploration companies with more than 5,000 km2 of tenements. The Company’s mission is to deliver exceptional returns to shareholders by acquiring, exploring and advancing a portfolio of uranium projects with an emphasis on surficial deposits, in Argentina and other jurisdictions. 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 “Sean Hurd” ___________________________________ Mr. Sean Hurd, Chairman & CEO |
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