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Bluestone Resources Inc. (TSX VENTURE:BSR) (the "Company" or "Bluestone") today
announced that it has closed the second tranche of the private placement
financing, announced on August 8, 2012. The Company issued an additional 355,278
units, for a total of 2,846,778 units at a price of $0.18 per unit for gross
proceeds of $512,420.04.


Each unit consisted of one common share and one common share purchase warrant.
Each common share purchase warrant is exercisable into one common share for a
period of two (2) years from closing at a price of $0.25 per share, subject to
the Company's right to accelerate the exercise of the warrants.


The Company has received regulatory approval to increase the amount of the
private placement from $500,000 as previously announced to the final amount of
$512,420.


All securities issued in the private placement are subject to a four-month hold
period that expires on December 28, 2012 (first tranche) and on January 7, 2013
(second tranche). The Company intends to use the proceeds to advance its
exploration properties and for general working capital purposes.


Finder's fees totalling $3,197.50 and 17,764 finder's warrants were paid to
certain finders and comprise 5% cash and 5% finder's warrants, of the amount
placed by those finders. Each finder's warrant is exercisable at a price of
$0.25 per share for a period of two (2) years from the date of closing of the
private placement.


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 Mineral 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

This press release includes "forward-looking information" including statements
regarding the private placement that are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of the Company.
Statements regarding future fund raising and capital expenditures are subject to
all of the risks and uncertainties normally incident with the raising of capital
including, but are not limited to, financing risks and risk of regulatory
change. Investors are cautioned that any such statements are not guarantees of
future events and that actual events or developments may differ materially from
those projected in the forward-looking information. Such forward-looking
information represents management's best judgment based on information currently
available. The Company does not assume the obligation to update any
forward-looking information, except as required by applicable law.
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