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Message: drill program released to date may have significantly under reported actual U3O8
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Blue Sky Uranium Corp.

July 07, 2010
Blue Sky Reports Pit Samples from ANIT Drill Hole Sites and Trenching Cuts 91 Meters Grading 0.066% U3O8
Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce that it has completed an initial review of the variation between pit and drill hole sampling results at its ANIT uranium project in Rio Negro Province, Argentina. The review suggests that the assay results from the drill program released to date may have significantly under reported actual U3O8 grades. This preliminary analysis is based upon the assay results from pits dug over 25 drill holes that on average reported 50% higher U3O8 grades compared with the grades from the correspondingly-located drill hole over the same 3 meter interval.

These preliminary results have helped establish a new exploration protocol at ANIT whereby all drill-defined mineralization within 6 meters of surface will be verified with corresponding excavator sampling pits and trenches. Mineralization encountered below 6 meters will be checked using calibrated gamma probe logging of all holes to ensure accurate sampling of the mineralization.

The Company is also pleased to announce the assay results from Trench 4 that cut a 91 meter interval of higher grade mineralization, between 89 meters and 180 meters within a 180 meter trench. The mineralization occurs over at least 2 meters vertical thickness beginning at 0.3 meters below surface and averaging 0.066% U3O8 and 0.071% V2O5. The interval included a high-grade zone of 33 meters grading 0.154% U3O8 and 0.105% V2O5. The mineralization in the trench remains open to depth and along strike (see attached map).

The ANIT target is an unconsolidated paleochannel that is comparable to advanced development projects and operating mines. See Table 1 below.

Table 1 - Comparison chart for known paleochannel deposits
Project & Location Grade U3O8 Rock Type Thickness Length
(approx.)		 Width
(approx.)		 Resource
ANIT
(Argentina)		 0.03 %
(drill results)		 Sand and gravel1 2.6 meters
average thickness		 5.5 km tested to date unknown unknown
*Trekkopje and Klien Trekkopje
(Namibia)		 0.013 % Mostly Hard Rock2 80% less than 15 meters below surface 14 km 3 km 139.2 M lbs.
(inferred)
Langer Heinrich
(Namibia)		 0.06 % Mostly Hard Rock3 1 to 30 meters
Below surface		 15 km 50 to 1,100 meters 160 M lbs
(inferred)
Lake Maitland
(Western Australia)		 0.033 % Sand and gravel4 1.7 meters
average thickness		 5 km 200 to 2,000 meters 23.7 M lbs (inferred)

* AREVA purchased "Trekkopje and Klein Trekkopje" by paying USD $2.5 Billion to acquire Uramin Inc. The project is expected to be in production in 2010, with full production in 2011.Trekkopje grades 0.013 % U3O8 and is hosted in mostly hard rock where 80% requires drilling and blasting. In contrast, Blue Sky's "ANIT" is hosted in sand and gravel and grades 0.03 %.

Trench 4 was designed to facilitate greater understanding of the controls on and distribution of mineralization at ANIT. The trench was located between the ANIT West and Central zones and is oriented perpendicular to previously reported Trench 2 in the same area. In this area where the radiometric anomaly appears to constrict between ANIT West and Central, the grade of uranium mineralization appears to be higher than in other areas of the paleochannel.

Trench 4 was sampled over a 2 meter vertical interval, with one sample for each 1m2 area, starting at 0.3m to 0.5m below surface. Each square meter was sampled with 2 continuous channel samples, one vertical and one horizontal, that were combined to make one sample. The mineralized sections quoted above represent 2m thicknesses and are the average of all samples on the face of the trench. Between 0 and 89m sporadic lower grade mineralization was detected with 18 samples out of 112 above cut off grade of 1m at 0.006% U3O8 (50 ppm U).

Management initiated the sampling review to determine why a significant variation in assay results between the drilling and historical pit sampling program was occurring. The 25 pits, measuring 1 meter square and 3 meters deep, were located over a selection of the 97 drill hole sites in ANIT West and Central representing a range of grades reported in the June 16, 2010 news release (see Table 2). Sampling was carried out using both 1 meter and 0.5 meter vertical sample intervals in each pit. A high degree of variability between reported average grades from the top 3 meters of aircore drillholes and pit sampling in the same location was observed (grade variability is known to be a common feature of similar style paleochannel deposits), however, on average pit sampling returned greater than 50% higher results for uranium when averaged over 3 meters. Greater variability is observed in the lower-grade portion of the data set. Correlation between the 1 meter and 0.5 meter averaged vertical channel samples was high. Based upon the results of the review it is now believed that the drill rig is unable to adequately capture all the fine material produced and due to the unconsolidated and variable nature of the deposit, a larger sample than that produced by the drill rig may be needed to produce a representative sample.

The following table shows the grade variation between the reported drill holes and the 25 sampling pits.

Table 2: Comparison between Aircore Drill Hole Results and Pits

Aircore Drillholes 3m Pits Percent Increase/Decrease
Number Interval (m) Hole # U ppm Pit # U ppm (1.0m) U ppm (0.5m) 1.0m Pits/DH 0.5m Pits/DH 0.5m Pits/1.0m Pits
1 3 AN_06 192 CA_06 238 207 24% 8% -13%
2 3 AN_11 202 CA_11 508 316 152% 57% -38%
3 3 AN_18 202 CA_18 203 149 1% -26% -27%
4 3 AN_26 755 CA_26 615 758 -19% 0% 23%
5 3 AN_45 468 CA_45 894 786 91% 68% -12%
6 3 AN-28 392 CAN 28 227 268 -42% -31% 19%
7 3 AN-22 R 38 CAN 22R 38 38 1% 1% 0%
8 3 AN-23 R 246 CAN 23R 283 359 15% 46% 27%
9 3 AN-24-R 1,123 CAN 24R 1,320 1,116 18% -1% -15%
10 3 AN-07 R 464 CAN 7R 499 466 7% 0% -7%
11 3 AN-08 R 85 CAN 8R 110 183 30% 115% 66%
12 3 AN-03 54 CAN 3 97 84 80% 56% -14%
13 3 AN-14 14 CAN 14 17 12 22% -15% -30%
14 3 AN-32 26 CAN 32 39 36 50% 39% -7%
15 3 AN-38 241 CAN 38 123 130 -49% -46% 5%
16 3 AN-47 338 CAN 47 287 213 -15% -37% -26%
17 3 AN-55 73 CAN 55 151 146 106% 100% -3%
18 3 AN-62 67 CAN 62 217 234 222% 247% 8%
19 3 AN-69 147 CAN 69 468 307 219% 109% -34%
20 3 AN-74 43 CAN 74 95 165 121% 285% 74%
21 3 AN_77 260 CAN 77 361 349 39% 34% -3%
22 3 AN_82 173 CAN 82 246 326 42% 89% 33%
23 3 AN_89 8 CAN 89 35 30 357% 290% -15%
24 3 AN_93 78 CAN 93 82 67 6% -14% -19%
25 3 AN_97 23 CAN 97 12 12 -50% -50% 0%
Averages 228 287 270 57% 53% 0%
Note that 10,000 ppm = 1% and 1% = 1.1792% U3O8.

Analyses of samples were performed by Alex Stewart Assayers, in Mendoza, Argentina, an internationally recognized analytical services provider, by means of Inductively Coupled Plasma Mass Spectrometry following a four acid digestion (ICP-AR). Blank, duplicate, and standard samples were inserted into the sample sequence sent to the lab for quality assurance/quality control (QA/QC) purposes. In total, 33 quality control samples from trenching (15 % of 216 total) were analyzed. Blue Sky detected no significant QA/QC issues during review of the data. In total, 43 quality control samples from pits (14 % of 293 total) were analyzed. Blue Sky detected no significant QA/QC issues during review of the data. Note that 10,000 ppm = 1% and 1% = 1.1792% U3O8, 1% = 1.785% V2O5.

The technical information contained in this release has been prepared by Bruce Smith, AusIMM, Blue Sky Uranium Exploration Manager and a Qualified Person as defined by National Instrument 43-101

About Blue Sky Uranium Corp.

Blue Sky has, through its membership with Grosso Group Management, signed an agreement in principle for a strategic alliance with the Government of Rio Negro for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits. The Company 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

  1. Anit - pebble conglomerate, sand, clay accessory calcite and gypsum. (exploration stage)
  2. Trekkopje - calcrete and partially calcified conglomeratete. (advanced development)
  3. Langer Heinrich - calcrete or indurated calcified conglomerate. (operating mine)
  4. Lake Maitland - weakly calcified clay, silt and sand, some gypsum. (feasibility stage)
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