Blue Sky Uranium Partners with Areva to Advance Exploration in Argentina

(via Thenewswire.ca)

Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL (WKN A0MKXP), "Blue
Sky" or the "Company") is pleased to announce that the
Company has entered into a Memorandum of Understanding
("MOU") with AREVA Mines ("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.

"The decision by AREVA, a world renowned leader in uranium
exploration and mining, to partner with Blue Sky to explore for new
projects in Argentina and advance our existing projects demonstrates
AREVA's confidence in our exploration strategy and our technical
capabilities, as well as our network of contacts and relationships we
have built in Argentina. Blue Sky's management and exploration team
are looking forward to working closely with AREVA in the years ahead.
We are very excited about what we can achieve together. Our team is in
place to move quickly in our pursuit of significant new uranium
discoveries."

Sean Hurd, Chairman and CEO

MOU Terms (all dollar amounts in CAD)

-Funding $1 million in exploration in year one.

-Funding $2 million in exploration in year two.

-Funding $3 million in year three on the project AREVA selects if only
one project is selected, or funding a total of $4 million in
exploration on two projects if AREVA selects two projects.

-At the end of year two, Blue Sky will retain a 100% interest in all
projects except the one (or two) project(s) AREVA selects to earn a
51% interest.

About AREVA

AREVA supplies solutions for power generation with less carbon. Its
expertise and unwavering insistence on safety, security, transparency
and ethics are setting the standard, and its responsible development
is anchored in a process of continuous improvement. Ranked first in
the global nuclear power industry, AREVA's unique integrated offering
to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and related services. The group is also
expanding in renewable energies - wind, solar, bioenergies, hydrogen
and storage - to be one of the top three in this sector worldwide in
2012. With these two major offers, AREVA's 48,000 employees are
helping to supply ever safer, cleaner and more economical energy to
the greatest number of people.

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 and CEO

For further information please contact:

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

Email: info@blueskyuranium.com

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.

Copyright (c) 2012 Thenewswire.ca - All rights reserved.