Bluerock Resources Ltd.: Private Placement

Bluerock Resources Ltd. (TSX VENTURE:BRD) (the "Company") - 

NOT FOR DISSEMINATION IN THE UNITED STATES OR VIA US NEWSWIRE SERVICES

The Company announces a non-brokered private placement to issue up to 2,750,000
subscription receipts at $0.10 per receipt, to raise up to C$275,000 (the
"Offering").


Subscription receipts will be issued pending the Company's consolidation of its
outstanding share capital (see Company's news release of March 13, 2009). Each
subscription receipt will entitle the holder to receive one Unit, for no
additional consideration, upon closing of the said consolidation; each Unit to
consist of one post-consolidated common share and one share purchase warrant.
Each warrant will entitle the holder to purchase one additional
post-consolidated common share, exercisable for two years from the closing date,
at a price of $0.15 per share.


The Company will use the private placement funds for its general working capital
purposes and to pay certain outstanding debts.


Finder's fees may be paid in accordance with the guidelines of the TSX Venture
Exchange.


The private placement is subject to approval of the TSX Venture Exchange.

The Company also announces that Clifford C. Rennie has resigned as a Director
and Chairman of the board of the Company. The Company would like to take this
opportunity to acknowledge the time and effort that Mr. Rennie has put into the
Company and wishes him well in his future endeavours.


ON BEHALF OF THE BOARD OF DIRECTORS

Michael Collins, President and CEO

FORWARD LOOKING INFORMATION DISCLAIMER

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of applicable securities
legislation, including statements concerning our plans to raise private
placement funds, settle debts and consolidate our shares. Each of these
activities involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking information. Risks include delays
in obtaining or failure to obtain required TSXV or shareholder approvals. There
is no assurance the Company will be able to find or acquire mineral properties
of the nature desired. Accordingly, readers are advised not to place undue
reliance on forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update
or revise forward-looking information, whether as a result of new information,
future events or otherwise.

Broadway Gold Mining (TSXV:BRD)
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