BXR Blue River Resources Ltd

Blue River Resources Ltd. (the "Company" or "Blue River") (TSX VENTURE:BXR)
(http://www.blueriv.com) announces that it has received an approved Notice of
Work with respect to a 2012 diamond drilling program at the 100% owned Highland
Valley North Project from the BC Ministry of Mines. 


With this permit now issued, the Company has mobilized the diamond drill from
the Castle Copper Project to the Highland Valley North Project and commenced
diamond drilling to take advantage of the remainder of the fall season on the
higher elevation Highland Valley North Project. Diamond drilling on the
Company's 100% owned Castle Copper Project near Princeton, BC, will resume
immediately after completion of the drill program on the Highland North Project


The 2012 Highland Valley North diamond drill program is planned for 1,500 meters
(5,000 feet) and is targeting a 1,600 meter long by 200 meters wide resistivity
anomaly identified from a 2011 Induced Polarization ("I.P.") geophysical survey
as well as a series of historical trenches enriched in oxide copper
mineralization. The first samples from this drilling project are scheduled to be
submitted for analysis by week's end and assay results will be released as they
are received. 


The Highland North Project is directly adjacent to Teck's Highland Valley Copper
Mine and is located approximately 6 km (4 miles) east of Teck's "Bethlehem Pit".
Getty Copper's Getty North and Getty South Copper Projects are located
immediately adjacent to the north of the Highland Valley North Property.
Highland Valley Copper is Canada's largest open-pit copper mine. 


Previous exploration on the Highland Valley North Project consisted of a series
of trenches dating from the late 1950's that partially exposed a north to
northwesterly trending copper zone. The Property is located within an extensive
northwest trending regional magnetic low and the I.P. geophysical anomalies are
coincident with copper-in-soils geochemical anomalies. 


Recent exploration included a 2011 geophysical survey (Magnetics and I.P.) and a
geochemical survey. Results from these surveys suggest the target area could be
1.6 kilometres in length and up to 200 meters wide.


The Highland Valley North Project in underlain by the Guichon Batholith
granodiorite which is cut by dykes of felsic Bethlehem or Bethsaida phase
intrusives. Chalcopyrite and malachite/azurite are the predominant copper
minerals present within the exposed trenches. The geology, alteration and copper
minerals seen on surface are consistent with Highland Valley-style porphyry
copper systems.


The technical contents of this news release were approved by Paul D. Gray,
P.Geo., Company Director and a qualified person as defined by National
Instrument 43-101.


Financing

The Company is also pleased to announce that, further to its news release dated
September 10, 2012, it has completed the first tranche of its non-brokered
private placement (the "Private Placement") of up to 6,500,000 units @ $0.10
unit and 500,000 flow through shares at $0.15 share.


Pursuant to the Private Placement, the Company issued 1,680,000 non flow through
units (the "NFT Units") at a price of $0.10 per NFT Unit for gross proceeds of
$168,000 and 100,000 flow-through shares (the "FT Shares") at a price of $0.15
per FT Share for gross proceeds of $15,000.


Each NFT Unit consists of one common share (a "Share") of the Company and
one-half of a common share purchase warrant (a "Warrant") of the Company;


Each Warrant will entitle the holder to purchase one Share (a "Warrant Share")
of the Company for a period of five (5) years following the date of issuance of
the Warrants at a price of $0.20 per Warrant Share.


The common shares and warrants issued pursuant to the Private Placement and any
common shares issued on exercise of the warrants are subject to 4-month resale
restrictions that will expire on January 18, 2013 and January 27, 2013.


The proceeds raised will be used to continue exploration on the Castle Copper
Project and the Highland North Project and for general corporate purposes.


ON BEHALF OF THE BOARD

BLUE RIVER RESOURCES LTD.

Griffin Jones, President, Director

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. All statements, other than statements of historical fact,
included herein including, without limitation, statements about our current
drill plans are forward looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: operational risks associated
with mineral exploration; unanticipated geological formations, fluctuations in
commodity prices; title matters; and the additional risks identified in our
filings with Canadian securities regulators on SEDAR in Canada (available at
www.sedar.com). Furthermore, the existence of gold/copper deposits on nearby
properties is not necessarily indicative of the mineralization on our
properties. These forward-looking statements are made as of the date hereof and,
except as required under applicable securities legislation, the Company does not
assume any obligation to update or revise them to reflect new events or
circumstances.

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