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Blue Sky Uranium Corp. (TSX-V: BSK, WKN: AOMKXP) is pleased to announce complete results from Phase II aircore drilling at its ANIT project in Rio Negro Province, Argentina. The Phase II program, totaling 2,581m in 107 holes, was designed to test for extensions of the ANIT West and Central zones as well as to provide a preliminary evaluation of ANIT East, radon gas anomalies and buried targets (Map 1). This work, combined with the Phase I drilling (May 18th and June 16th 2010 News Releases) brings the total drilling to date on the ANIT area to 5,044m in 204 holes.

Results from the Phase II drilling on the ANIT West and Central zones are presented in Table 1 below. Highlights include ANIT West hole AN174 that averaged 4m at 0.078% U3O8 and 0.107% V2O5, and ANIT Central hole AN168 that averaged 7m at 0.037% U3O8 and 0.028% V2O5. This additional drilling in the main ANIT area provides further definition to strongly mineralized and thicker portions of the mineralized paleochannel at ANIT.

The advantage of the ANIT deposit style is the potential low cost of mining at surface and the potential to up-grade the deposit by simple physical separation of the carnotite uranium mineralization from the sand and gravel host. Since the mineralization is hosted by the fine sand component and non-mineralized gravel comprises a significant percentage by weight, removal of the coarse material by simple screening process could significantly increase the grade of the material prior to processing. This can have very positive effects on processing costs and also may significantly lower the economic cut off grade.

Blue Sky has recently commenced detailed sampling of the ANIT West and Central areas using a large excavator capable of reaching to 6m depth. The excavator pits will be hand sampled by Blue Sky technical staff, giving excellent geological control and accurate sample collection. At present the majority of mineralization discovered is in the 0-6m depth range. The Company has also retained Independent Metallurgical Operations PTY LTD of Australia (IMO) to carry out beneficiation testing and basic metallurgical testing of the ANIT uranium-vanadium deposit.

Table 1. Phase II Aircore Results from ANIT West and Central*

*21 holes of 26 drilled in ANIT West and Central areas exceeded a cut off grade of 0.006 % U3O8 (50ppm U) over 1m.

Away from the main paleochannel large areas of lower grade, but potentially economic mineralization, have been discovered at ANIT East as well as 200m north and 400m south of the ANIT Central zone (See Table 2). Of 8 regional radon targets drilled 7 had no significant results, however, 1.65 km north of ANIT hole AN124 cut 1m at 0.017% U3O8 and 0.080% V2O5 at 8-9m below cover.

Table 2. Phase II Aircore Results from ANIT East and Regional Targets*