BSR Bluestone Resources Inc

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Bluestone Resources Inc. (the "Company") (TSX VENTURE:BSR) today provided an
update of the Company's affairs. The Company has amended its financing plans as
previously announced on March 21, 2013 and will proceed with a new, re-priced
non-brokered private placement (the "Financing") to raise $450,000. 


The announced Financing will be a non-brokered private placement of up to
9,000,000 units at a price of $0.05 per unit for gross proceeds of $450,000.
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 of the Company for a period of two years from closing at a price of
$0.10 per share. The warrants will be subject to the Company's right to
accelerate the exercise period 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 $0.20 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 Financing are subject to TSX Venture Exchange
approval. All securities issued in the Financing will be subject to a four-month
hold period. The Company may pay finder's fees in connection with the Financing.
The Company intends to use the proceeds of the Financing for general working
capital purposes. Any participation by insiders of the Company in the Financing,
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. 


Bluestone management and board of directors have evaluated both of the two
Alaskan projects acquired in a court-ordered bankruptcy proceeding in November
1, 2012 and have determined to retain only the Richardson project. As such, the
Company has informed Gold Range Ltd. (the underlying lease holder) that it will
not be continuing under the Mining Lease Agreement governing the Shorty Creek
project. The Company will continue to seek joint venture partnerships or
financing opportunities for its Richardson and Mojave projects.


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.


About Aurora Mineral Resource Group 

Bluestone Resources is a member of the Aurora (Aurora) Mineral Resource Group of
Companies. Aurora companies have collectively raised over $10,500,000 for
exploration thus far in 2013 and conducted over 40,000 metres of drilling with
exploration expenditures totalling in excess of $15,000,000.


On behalf of the Board

Bluestone Resources Inc.  

David WJ McAdam, CEO/President

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. 


This press release includes "forward-looking information" including statements
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
Toll free: 1.888.331.2269
info@bluestoneresources.ca
www.bluestoneresources.ca

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