Bluestone Resources Inc. (TSX VENTURE:BSR) - 

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRES.

Bluestone Resources Inc. (the "Company" or "Bluestone") today announces the
repricing of all outstanding stock options. Subject to the approval of the TSX
Venture Exchange (the "TSX-V"), outstanding stock options for the purchase of an
aggregate of 410,750 common shares of the Company having exercise prices ranging
from $2.00 to $8.00 per share and expiry dates between 2012 and 2016, have all
been repriced to the exercise price of $0.23 per share. None of the repriced
options may be exercised at the amended exercise price pending TSX-V acceptance
of the stock option repricing. As required by the policies of the TSX-V, all
repriced options held by insiders of the Company were subject to, and received,
disinterested shareholder approval at the Company's 2012 annual general and
special meeting of shareholders on July 13, 2012 (the "Meeting"). 


Furthermore, at the Meeting disinterested shareholders approved John Robins
becoming a control person of the Company and the election of the following to
the Board of Directors: John Robins, James Paterson, David Kelsch, Bruce Counts
and Craig Bentham. Mark Fields and Richard Gorton did not stand for re-election.
"I would like to thank Mark and Richard for their contributions and service to
the board over the years," stated Bruce Counts, President and Chief Executive
Officer of Bluestone.


About Bluestone Resources Inc. 

Bluestone Resources Inc. is a Canadian exploration company focused on the
discovery and development of economic mineral deposits. 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
Bluestone Resources (TSXV:BSR)
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