Blue Sky Uranium Corp. (TSX-V: BSK, FSE: MAL (WKN A0MKXP), "Blue Sky" or the "Company") is pleased to announce that the Company has entered into a Memorandum of Understanding ("MOU") with AREVA Mines ("AREVA") to jointly explore Argentina for uranium deposits. The partnership will take full advantage of AREVA's vast global experience, Blue Sky's technical team and the Company's well established presence throughout Argentina.
"The decision by AREVA, a world renowned leader in uranium exploration and mining, to partner with Blue Sky to explore for new projects in Argentina and advance our existing projects demonstrates AREVA's confidence in our exploration strategy and our technical capabilities, as well as our network of contacts and relationships we have built in Argentina. Blue Sky's management and exploration team are looking forward to working closely with AREVA in the years ahead. We are very excited about what we can achieve together. Our team is in place to move quickly in our pursuit of significant new uranium discoveries."
MOU Terms (all dollar amounts in CAD)
AREVA supplies solutions for power generation with less carbon. Its expertise and unwavering insistence on safety, security, transparency and ethics are setting the standard, and its responsible development is anchored in a process of continuous improvement. Ranked first in the global nuclear power industry, AREVA's unique integrated offering to utilities covers every stage of the fuel cycle, nuclear reactor design and construction, and related services. The group is also expanding in renewable energies -- wind, solar, bioenergies, hydrogen and storage -- to be one of the top three in this sector worldwide in 2012. With these two major offers, AREVA's 48,000 employees are helping to supply ever safer, cleaner and more economical energy to the greatest number of people.
About Blue Sky Uranium Corp.
Blue Sky is one of Argentina's leading uranium exploration companies with more than 5,000 km2 of tenements. The Company's mission is to deliver exceptional returns to shareholders by acquiring, exploring and advancing a portfolio of uranium projects with an emphasis on surficial deposits, in Argentina and other jurisdictions.
The Company is a member of the Grosso Group, a resource management group with experience in South America since 1993. As a member company of the Grosso Group, Blue Sky benefits from the signing of an agreement in principle for a strategic alliance with the Government of the Rio Negro province, Argentina, for the purpose of jointly exploring the potential for commercial mining activity. Argentina has an advanced nuclear industry, centered in the Rio Negro Province.
ON BEHALF OF THE BOARD
Mr. Sean Hurd, Chairman and CEO
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