BSR Bluestone Resources Inc

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

Bluestone Resources Inc. (TSX VENTURE:BSR) (the "Company") today announced that
it intends to complete a non-brokered private placement of up to 5,000,000 units
at a price of $0.10 per unit for gross proceeds of $500,000. Each unit will
consist of one common share and one common share purchase warrant. Each whole
common share purchase warrant will be exercisable into one common share for a
period of two years from closing at a price of $0.15 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 $0.40 for a period of 10 consecutive
trading days during the term of the warrant, commencing four months after the
date the warrants are issued. The terms and completion of the private placement
are subject to TSX Venture Exchange approval.


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 may pay
finder's fees in connection with the private placement. The Company intends to
use the proceeds of the private placement for general working capital purposes.


Any participation by insiders of the Company in the private placement, which
participation will be subject to the approval of the independent directors of
the Company, will be on the same terms as the arm's length investors, and
shareholdings of insiders in the Company will increase as a result of any such
participation.


This press release is not an offer of securities for sale in the United States.
The common shares being offered have not been and will not be registered under
the United States Securities Act of 1933 and accordingly are not being offered
for sale and may not be offered, sold or delivered, directly or indirectly
within the United States, its possessions and other areas subject to its
jurisdiction or to, or for the account or for the benefit of a U.S. person,
except pursuant to an exemption from the registration requirements of that Act.


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 a team with the business acumen and technical expertise to
identify and advance undervalued mineral exploration projects world-wide.


On behalf of the Board

Bluestone Resources Inc.

David WJ McAdam, CEO/President

This press release includes "forward-looking information" including statements
regarding the use of the proceeds of the private placement that are subject to a
number of assumptions, risks and uncertainties, many of which are beyond the
control of the Company. 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.


Bluestone Resources Inc. is a member of the Aurora Mineral Resource Group of
companies. For more information please visit www.auroraresource.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bluestone Resources Inc.
Investor Relations
604.646.4527 or Toll Free: 1.888.331.2269
info@bluestoneresources.ca
www.bluestoneresources.ca

Bluestone Resources (TSXV:BSR)
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Bluestone Resources (TSXV:BSR)
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From Jan 2024 to Jan 2025