BSR Bluestone Resources Inc

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Bluestone Resources Inc. (TSX VENTURE:BSR) (the "Company" or "Bluestone") today
announced its intention to increase the non-brokered private placement
(previously announced on January 11, 2012) by 200,000 units to a total of
5,200,000 units at a price of $0.15 per unit for gross proceeds to the Company
of up to $780,000.


As previously announced, each unit will consist of one common share and one
common share purchase warrant. Each common share purchase warrant will be
exercisable into one common share for a period of five years from closing at a
price of $0.20 per share, subject to the Company's right to accelerate the
exercise of the warrants if the daily volume weighted average trading price of
the common shares of the Company on the TSX Venture Exchange is equal to or
exceeds $0.50 for a period of 10 consecutive trading days during the term of the
warrant, commencing four months after the date the warrants are issued.


All securities issued in the private placement will be subject to a four-month
hold period from the closing of the private placement. The Company intends to
use the proceeds of the private placement to advance Bluestone's exploration
properties and for general working capital purposes. The private placement has
been conditionally approved by the TSX Venture Exchange.


About Bluestone Resources Inc.:

Bluestone Resources Inc. is a Canadian exploration company focused on the
discovery and development of economic mineral deposits. Founded in 2004, the
Company has assembled one of the most qualified technical teams in worldwide
exploration. Bluestone Resources Inc. is a member of the Aurora Resource Group
of companies, for more information on the group visit www.auroraresource.com.


On behalf of the Board

Bluestone Resources Inc.

Bruce Counts, P.Geoph., President & CEO

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