November 01, 2010
Blue Sky Announces Exercise of 3,333,333 Warrants

 Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) ("Blue Sky" or "the Company") is pleased to announce that 3,333,333 Blue Sky warrants have been exercised for proceeds of $666,666. The Company is pleased with the confidence and support for its projects shown by its shareholders. These proceeds will be used to explore and develop the Company's uranium property portfolio in Argentina and for general working capital requirements.

About Blue Sky Uranium Corp.

Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America. Blue Sky, 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.


"Sean Hurd"

Mr. Sean Hurd, President & CEO

For further information please contact:

Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058

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.

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.


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