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Windstorm Resources Inc. Receives Court Approval of Business Combination with Blue Sky Uranium Corp.

03.07.2012  |  The Newswire
Blue Sky Uranium Corp. (TSX-V: BSK, FRA: MAL (WKN:AOMKXP)) ("Blue Sky") and Windstorm Resources Inc. (TSX-V: WSR, FRA: 4WE (WKN:A1H700)) ("Windstorm") are pleased to announce that, following receipt of necessary shareholder approval on June 28, 2012, Windstorm has now received the necessary court approval of the plan of arrangement pursuant to which Blue Sky will acquire all of the outstanding common shares of Windstorm (the "Arrangement") and Windstorm will become a wholly-owned subsidiary of Blue Sky. For details of the Arrangement, please refer to Windstorm's information circular dated May 24, 2012 previously sent to shareholders and available on SEDAR at www.sedar.com.

On July 3, 2012, the Supreme Court of British Columbia entered its final order approving the Arrangement.

Subject to TSX Venture Exchange (the "Exchange") final approval, the closing of the Arrangement is expected to occur on July 5, 2012. Pursuant to the Arrangement, Blue Sky will issue to shareholders of record of Windstorm on July 5, 2012, 0.38868 of a common share of Blue Sky (the "Exchange Ratio") for each outstanding common share of Windstorm. Outstanding warrants and stock options to acquire common shares of Windstorm will entitle the holders thereof on exercise to receive common shares of Blue Sky, adjusted for the Exchange Ratio with a corresponding adjustment to the exercise price and subject to the terms of such Windstorm warrants and stock options.

Computershare Investor Services Inc., Windstorm's transfer agent, will following the closing of the Arrangement mail a letter of transmittal to the registered shareholders of Windstorm providing instructions on how to exchange share certificates of Windstorm for share certificates of Blue Sky. Windstorm will be sending letters to holders of outstanding Windstorm warrants and stock options advising of the adjustments made to their securities as a result of the Arrangement.

The common shares of Windstorm will be halted from trading on the Exchange prior to the market open on July 4, 2012 and will be subsequently de-listed from the Exchange following closing of the Arrangement.

The securities of Blue Sky referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. Accordingly, to the extent required, it is anticipated that the Arrangement will be effected in reliance upon the exemption from registration provided by section 3(a)(10) of the U.S. Securities Act. This news release does not constitute an offer of securities, nor a solicitation for offers to buy any securities.



For further information please contact:

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|Sean Hurd | |Gerald Carlson |
|President & CEO | |President & CEO |
| | | |
|Terminal City Club Tower, | | |
|Suite 709 | |Terminal City Club Tower, Suite 709|
|- 837 W. | |- 837 W. |
|Hastings St. | |Hastings St. |
|Frankfurt Stock Exchange:MAL| |Vancouver, BC CANADA V6C 3N6 |
|(WKN | | |
|A0MKXP) | | |
|Tel: 604-687-1828 • Fax: | | |
|604-687-1858 | | |
|Toll Free: 1-800-901-0058 | | TSX |
|www.blueskyuranium.com • | |Venture |
|info@blueskyuranium.com | |Exchange: WSR |
| | |Frankfurt Stock Exchange: 4WE (WKN:|
| | |A1H700) |
| | |Tel: 604-687-1828 • Fax: |
| | |604-687-1858 |
| | |Toll Free: 1-800-901-0058 |
| | |www.windstormresources.com |
| | |info@windstormresources.com |
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Not for distribution in the United States or to U.S. newswire services

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.

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