Blue Sky defines Wide Intervals of High Grade Uranium - Vanadium
Mineralization in Trenching at ANIT

    
    TSX Venture Exchange: BSK
    Frankfurt Stock Exchange: MAL (WKN A0MKXP)
    

VANCOUVER, March 23 /CNW/ - Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce results from a 1,223 meter mechanized trenching program on its ANIT project in Rio Negro Province, Argentina. Highlights include an interval that averaged 358 meters at 0.052% U(3)O(8) and 0.159% V(2)O(5) including 30 meters at 0.397% U(3)O(8) and 1.469% V(2)O(5). The weighted average of mineralized intervals from all three trenches was 847 meters grading 0.043% U(3)O(8) and 0.104% V(2)O(5). This trenching program is the first mechanized exploration program that has been conducted on the ANIT property.

At this early stage of exploration, Blue Sky interprets the ANIT anomaly to be a paleochannel- or surficial- type uranium occurrence similar in style to known deposits in Western Australia (Lake Maitland NI43-101 compliant inferred resource of 23.7 million lbs U(3)O(8) at an average grade of 0.033% U(3)O(8)), and in Namibia (Langer Heinrich deposit with Measured and Indicated Resources of 56.4Mt grading 0.06% containing 72.4 million pounds lbs of U(3)O(8) and Inferred Resources of 70.7Mt grading 0.06% containing 91.6 million lbs of U(3)O(8)).

    
    ANIT Trenching
    --------------

    -------------------------------------------------------------------
               TOTAL                                   U3O8     V2O5
    TRENCH      MTS      FROM       TO       WITDH     GRADE    GRADE
    -------------------------------------------------------------------
    AN_TR01     396       36        394       358     0.052%    0.159%
                Inc      184        254        70     0.209%    0.135%
                Inc      198        228        30     0.397%    1.469%

    -------------------------------------------------------------------
    AN_TR02     462      164        278       114     0.019%    0.082%
                Inc      192        252        60     0.027%    0.111%
                Inc      192        226        34     0.035%    0.099%

    -------------------------------------------------------------------
    AN_TR03     375        0        375       375     0.040%    0.057%
                Inc       66        166       100     0.096%    0.074%
                Inc       82        120        38     0.155%    0.092%
    -------------------------------------------------------------------
    

Blue Sky's exploration team recently completed 3 excavator trenches totaling 1223 meters. The trenches were cut to a depth of approximately 2m and were designed to test the lateral extent and continuity of the mineralized paleo-channel that has been defined by pits along a minimum of 6km of strike length, within a larger 15km long radiometric uranium channel anomaly. Trench 1 was located in the centre of the ANIT West anomaly; Trench 3 was located in the centre of the ANIT Central anomaly and Trench 2 was located in the break between these two major anomalies.

The three trenches cut variable host sediments, including loose sands and gravels, clay sediments and gypsum layers. All major rock types are mineralized, and at this stage it does not appear that the host sediment lithology is a limiting factor for uranium vanadium mineralization. Each trench was sampled by a continuous horizontal channel sample with 1 or 2 meter composite samples. The channel samples were 10cm wide and targeted the higher gamma responses on the trench walls along the trench. The vertical component of mineralization will be determined in the coming drill program. The mineralized paleo-channel remains open to depth. Uranium - Vanadium mineralization appears to be open in width in Trench 1 and Trench 3.

Previously on the ANIT project the Company has identified a 6km long zone of near surface uranium-vanadium mineralization through a series of 83 hand-excavated pits (see September 10, 2009 news release). These pits had an average grade of 0.045% U(3)O(8) with an average thickness of the mineralized interval 1.7m and were dug within a 15km long uranium channel airborne radiometric anomaly. Hand auger drilling from the bottom of 41 pits successfully extended mineralization to a maximum depth of 5.8m below surface.

Of the 41 pits selected for augering, 29 had previously encountered mineralization greater than 1m at 0.005% (50 ppm) U. In 20 of these pits (34 samples) the mineralization was extended between 0.5 and 2.8m with average extension of 0.85m at 0.032 % U(3)O(8) (270 ppm U) and 0.046% V. Of 12 pits with no previous mineralization, uranium mineralized material was encountered in the last sample of 3 auger extensions. The target remains open to depth and along strike (see December 01, 2009 news release).

Analyses of samples reported herein were performed by Alex Stewart Assayers, in Mendoza, Argentina, an internationally recognized analytical services provider, by means of Inductively Coupled Plasma Mass Spectrometry following a four acid digestion (ICP-AR). Blank, duplicate, and standard samples were inserted into the sample sequence sent to the lab for quality assurance/quality control (QA/QC) purposes. In total, 162 quality control samples (21 % of 742 total) were analyzed. Blue Sky detected no significant QA/QC issues during review of the data. Note that 10,000 ppm = 1% and 1% = 1.1792% U(3)O(8), 1% = 1.785% V(2)O(5).

The technical information contained in this release has been prepared by Bruce Smith, AusIMM, Blue Sky Uranium Exploration Manager and a Qualified Person as defined by National Instrument 43-101.

    
    About Blue Sky Uranium Corp.
    ----------------------------
    

Blue Sky has, through its membership with Grosso Group Management, has signed and agreement in principle for a strategic alliance with the Government of Rio Negro for the purpose of jointly exploring the potential for commercial mining activity to develop mining projects that provide for the acquisition, exploration and exploitation of polymetallic and energy related mineral deposits. The Company is dedicated to actively exploring the Patagonia region of Argentina. Experienced management and technical members, who foster relationships with a vast amount of international industry contacts, lead the exploration team on the search for quality resource opportunities. Blue Sky is a member of the Grosso Group, a resource management group with over 15 years experience in exploring South America.

    
    ON BEHALF OF THE BOARD

    "Sean Hurd"

    Mr. Sean Hurd, President & CEO
    

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

SOURCE BLUE SKY URANIUM

For further information: For further information: Terminal City Club Tower, Suite 709 - 837 West Hastings Street, Vancouver, BC, CANADA, V6C 3N6, Tel: (604) 687-1828, Fax: (604) 687-1858, Toll Free: 1-800-901-0058, www.blueskyuranium.com, info@blueskyuranium.com

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