The Advance Notice Policy includes, among other things, a provision that requires advance notice be given to the Company in circumstances where nominations of persons for election to the Board are made by shareholders of the Company other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (British Columbia) (the "Act"); or (ii) a shareholder proposal made pursuant to the provisions of the Act.

Additionally, the Advance Notice Policy sets a deadline by which holders of record of common shares in the capital of the Company must submit director nominations to the Company prior to any annual general or special meeting of shareholders, sets forth the information that a shareholder must include in the notice to the Company, and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form.

In the case of an annual general meeting of shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual general meeting. However, in the event that the annual general meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual general meeting was made, notice may be made not later than the close of business on the tenth day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual general meeting) notice to the Company must be made not later than the close of business on the fifteenth day following the day on which the first public announcement of the date of the special meeting was made.

The full text of the Advance Notice Policy is available under the Company's profile on SEDAR at www.sedar.com.

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.

On behalf of the Board

Bluestone Resources Inc.

/s/"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 regarding the adoption of the Advance Notice Policy 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.

For further information about Bluestone Resources Inc. or this news release, please visit our website at www.bluestoneresources.ca or contact Investor Relations toll free at 1.888.331.2269, at 604.646.4527, or by email at info@bluestoneresources.ca  

Bluestone Resources Inc. is a member of the Aurora Mineral Resource Group of companies. For more information please visit www.auroraresource.com.

Vancouver, B.C. – Bluestone Resources Inc. (BSR:TSX-V) (“Bluestone ” or the “Company”) today announced the appointment of Ms. Brenda Nowak as Corporate Secretary, effective immediately. As Corporate Secretary, Ms. Nowak will be responsible for legal and regulatory compliance activities and assisting with equity financings, joint ventures and general corporate/commercial work. Ms. Nowak has over 16 years of work experience in the securities legal industry, including working with International Northair Mines. Prior to these positions, Brenda was a paralegal with DuMoulin Black LLP and held positions with Nexus Venture Capital Lawyers and Aber Diamond Corporation.
This appointment comes with the departure of Ms. Blair Lockhart as Corporate Secretary. The Company wishes to thank Ms. Lockhart for her significant contributions to Bluestone and wishes her every success in her future endeavors.

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.

On behalf of the Board
Bluestone Resources Inc.
/s/"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 regarding the adoption of the Advance Notice Policy 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.

For further information about Bluestone Resources Inc. or this news release, please visit our website at www.bluestoneresources.ca or contact Investor Relations toll free at 1.888.331.2269, at 604.646.4527, or by email at info@bluestoneresources.ca

Bluestone Resources Inc. is a member of the Aurora Mineral Resource Group of companies. For more information please visit www.auroraresource.com.

Vancouver, B.C., March 21, 2013 – Bluestone Resources Inc. (BSR:TSX-V) (the “Company”) today announced that it intends to complete a non-brokered private placement of up to 5,000,000 units at a price of $0.10 per unit for gross proceeds of $500,000.  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 for a period of two years from closing at a price of $0.15 per share, subject to the Company's right to accelerate the exercise of the warrants 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 $0.40 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 private placement are subject to TSX Venture Exchange approval.

All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement. The Company may pay finder's fees in connection with the private placement. The Company intends to use the proceeds of the private placement for general working capital purposes.

Any participation by insiders of the Company in the private placement, 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.

This press release is not an offer of securities for sale in the United States. The common shares being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

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.

On behalf of the Board
Bluestone Resources Inc.
/s/"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 regarding the use of the proceeds of the private placement 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.

For further information about Bluestone Resources Inc. or this news release, please visit our website at www.bluestoneresources.ca or contact Investor Relations toll free at 1.888.331.2269, at 604.646.4527, or by email at info@bluestoneresources.ca  

Bluestone Resources Inc. is a member of the Aurora Mineral Resource Group of companies. For more information please visit www.auroraresource.com.

“We are pleased to have received this permit which now allows the Company to access the Shorty Creek property, acquired in late 2012, in order to conduct confirmation drilling and additional exploration drilling programs. The aim is to increase the mineralization footprint of our asset,” said Mr. David McAdam, the Company’s CEO and President.

The Company’s Shorty Creek project is located within 125 km of Fairbanks, with historical exploration located just 2 km from an all-season highway and approximately 4 km from International Tower Hill’s Livengood Project. A historical 20 hole drill program produced drill intercepts of 70 meters grading 1.2 g/T gold, including 7.6 meters of 4.6 g/T gold, while subsequent soil geochemistry provided a positive correlation to the drill results, supporting the suggestion of a large under-explored intrusion related gold system.

Information of a technical or scientific nature in this press release has been reviewed and approved by Bruce Counts, P.Geo., Bluestone’s Qualified Person as defined by National Instrument 43-101.

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.

On behalf of the Board
Bluestone Resources Inc.

/s/"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 regarding the exploration potential of the Shorty Creek Property 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.

“We are pleased to have Mr. McAdam join Bluestone in the role of President, CEO and director and the Board looks forward to working with Mr. McAdam as the Company advances its Alaskan based Shorty Creek and Richardson Projects”, stated Mr. John Robins, Chairman of the Board of Bluestone. “Mr. McAdam brings to the Bluestone team more than 28 years of financially based experience in both the public and private sector with the last 7 years being focused in the mining sector in CFO and CEO roles.”

Mr. McAdam has a proven track record as a transformation and operational executive with experience in the domestic and international mining sector. As the CFO of Eastern Platinum Limited (“Eastern”) and Finance Director of Barplats Investments Limited (“Barplats”), he was the financial lead in the consolidation of Eastern and Barplats including the offer to minorities and the successful inward listing of Eastern onto the JSE.  Mr. McAdam has held numerous director and officer positions on domestic and overseas entities, from CFO of start-up TSX.V entities through to Finance Director of a Fortune 150 company based in Houston, Texas.

Mr. McAdam replaces Mr. Bruce Counts who remains with the Company as a director and continues with the Aurora group. “The Company thanks Mr. Counts for his contributions in restructuring Bluestone and looks forward to his continued role as a director and advisor to the Company”, stated Mr. Robins.

The Company’s Shorty Creek and Richardson projects are both located within 125 km of Fairbanks and both are within 2 kms of all season highways. The Company is planning a phased drill program on Shorty Creek to confirm and then expand the historical gold zone and plans an initial evaluation of the Richardson historical data and then establish future exploration targets.

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.

On behalf of the Board
Bluestone Resources Inc.
/s/"John Robins"
Chair of the Board

Vancouver, B.C., January 25, 2013 – Bluestone Resources Inc. (the “Company” or “Bluestone”) today announced that it has closed the second tranche of the private placement of units, announced on November 29, 2012.  The Company issued an additional 1,865,000 units, for a total of 3,000,000 units at a price of $0.20 per unit for gross proceeds of $600,000.

Each unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.25 per share, subject to the Company's right to accelerate the exercise of the warrants. 

All securities issued in the private placement are subject to a four-month hold period that expires on April 11, 2013 (first tranche) and on May 25, 2013 (second tranche). The Company intends to use the proceeds of the private placement to advance Bluestone’s Alaskan exploration properties and for general working capital purposes.

In addition, Bluestone has agreed with the leaseholder of the Shorty Creek Property in Alaska to amend the terms of the 2013 annual pre-production royalty payment.  Bluestone acquired the Shorty Creek Property in late 2012 (see news release dated October 23 2012) through a Bankruptcy Court approved sale of assets held by a US based oil, gas and mineral company for a total price of US$200,000. Shorty Creek comprises 372 mining claims, 121 of which are leased (the “Leased Claims”) from Gold Range Ltd., a private Alaska corporation.  Gold Range holds a 4% NSR on the Leased Claims, including an annual pre-production royalty payment which in 2013 is US$175,000.  The pre-production royalty payment is recoverable out of subsequent production.  Pursuant to the amendment, which has been accepted by the TSX Venture Exchange, Bluestone will pay US$75,000 in four cash payments over the next four months and issue 500,000 units to Gold Range, each unit comprising one share and one-half share purchase warrant.  The terms of the warrants are the same as for the private placement.  

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 one of the most qualified technical teams in worldwide exploration.

On behalf of the Board

Bluestone Resources Inc.

/s/"Bruce Counts" P. Geoph.
President & CEO

This press release includes "forward-looking information" including statements regarding the private placement that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. 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.

All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement. The Company may pay finder's fees in connection with the private placement. The Company intends to use the proceeds of the private placement to advance Bluestone’s Alaskan exploration properties and for general working capital purposes.

Any participation by insiders of the Company in the private placement, 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.

This press release is not an offer of securities for sale in the United States. The common shares being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

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.

On behalf of the Board

Bluestone Resources Inc.

/s/"Bruce Counts" P. Geoph.

President & CEO

For further information, please contact:

Bluestone Resources Inc.
Bruce Counts, President & CEO
Tel: (604) 331-4605
www.bluestoneresources.ca

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.

The Original Warrants were issued as part of financings that closed in February and August/September of this year.  The first financing, which closed on February 22 2012, included warrants which gave holders the right to acquire one common share at a price of $0.20 until the expiry date of February 22, 2017.  The second financing, which closed on August 27, 2012 (first tranche) and September 6, 2012 (second tranche), gave holders the right to acquire one common share at a price of $0.25 until the expiry date of August 27, 2014 and September 5, 2014, respectively.

In order to encourage the early exercise of such warrants, Bluestone will be seeking an amendment to the terms of the Original Warrants to enable the holders to receive a Unit (as defined and described below) for each Original Warrant exercised. Further, Insiders and members of the Pro-Group are allowed to participate in the Warrant Program up to a maximum of 10% of their warrant holdings in the two financings. The proceeds of the Warrant Program will be used to further the Company's recently acquired Shorty Creek and Richardson exploration projects in Alaska and for general working capital.

Early Warrant Exercise

After approval of the incentive program and the resulting amendment to the Original Warrants, each holder of an Original Warrant who elects to exercise their Original Warrant prior to the expiry date of the incentive program (the "Expiry Date") will receive a unit ("Unit") comprising one common share and one‐half of one whole warrant (a "New Warrant"). Each whole New Warrant will allow the holder to acquire an additional one common share of Bluestone at a price of $0.30 per share for 24 months following the date of issuance of the Unit. The Warrants will be subject to a four‐month hold period. If a warrant holder does not exercise their Original Warrants by the Expiry Date, the Original Warrants will continue to be exercisable for common shares on the same terms that previously existed. None of the Original Warrants were issued as finders fees or agents warrants and thus no New Warrants will be issued as finders fees or agents warrants as part of this amendment. 

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 one of the most qualified technical teams in worldwide exploration.

On behalf of the Board

Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

This press release includes "forward-looking information" including statements regarding the warrant incentive program that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. 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.

Vancouver, B.C., October 23, 2012 – Bluestone Resources Inc. (BSR-TSX-V) (the “Company” or “Bluestone”) today announced that it has acquired a 100% interest in two projects located in the state of Alaska, USA. The Shorty Creek and Richardson projects were acquired through a Bankruptcy Court approved sale of assets held by a US based oil, gas and mineral company.

 “Bluestone is pleased to be able to establish a presence in the mining friendly, stable jurisdiction of Alaska with the acquisition of these two highly prospective projects,” commented Bruce Counts, President and CEO of Bluestone Resources Inc. “Shorty Creek and Richardson each have the potential to add significant value to the company. The presence of gold has been established on both projects by historical work; they are accessible by paved highway and are located near infrastructure.”

Shorty Creek
Shorty Creek has the potential to host a large intrusion related gold deposit. The project is composed of more than 15,500 hectares (38,400 acres) of mineral claims and is located approximately 125km (70 miles) northwest of Fairbanks, Alaska. Highlights of the project are as follows:

• The property is located within a known gold district and is approximately 4km from International Tower Hill’s 16 million ounce Livengood gold deposit
• The property is adjacent to and accessible from the Elliott Highway
• No substantive work has been carried out since 1989/1990 when a 20 hole RC drilling program was conducted.
• Results from historic drilling include the following:
• 70m (225ft) grading 1.2g/T Au including 7.6m (25ft) of 4.6 g/T Au in hole RH8909
• 16.8m (55ft) grading 1.0 g/T Au in hole RH9019
• 7.6m (25ft) grading 1.7g/T Au in hole RH9017
• 18.3m (60ft) grading 0.8g/T Au in hole RH9016
• The mineral claims that comprise the Shorty Creek Project are primarily located on state owned land.
• Placer gold mining has been conducted in the district since 1914 and production is estimated to exceed 500,000 ounces in total

Richardson
The Richardson Project has been targeted for its potential to host a high-grade gold deposit. The property is composed of more than 13,690 hectares (33,800 acres) of mineral claims and is located approximately 70km (40miles) south of Fairbanks, Alaska. Project high-lights include the following:

• The property is adjacent to and accessible from the Richardson Highway
• The project is located within Alaska’s Tintina gold belt and is proximal to the Pogo, Fort Knox and True North mines.
• More than 120,000 ounces of gold were produced from placer mining in the project area during the early 1900’s.
• Several areas of the project have been targeted for drilling based on geological mapping, soil sampling and ground geophysical surveys conducted in 2011.

Transaction Details
Bluestone successfully bid USD $200,000 collectively for the projects at the public auction in Delaware of certain assets of Tri-Valley Corporation and Select Resources Corporation Inc. The US Bankruptcy Court for the District of Delaware has approved the sale of the assets to Bluestone, and closing is scheduled for November 1st to complete the transfer.

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.

For further information about Bluestone Resources Inc. or this news release, please visit our website at www.bluestoneresources.ca or contact Investor Relations toll free at 1.888.331.2269, at 604.646.4527, or by email at info@bluestoneresources.ca

Bluestone Resources Inc. is a member of the Aurora Mineral Resource Group of companies. For more information please visit www.auroraresource.com

On behalf of the Board
Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

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.

Certain disclosures in this release, including management's assessment of plans and projects and intentions with respect to use of proceeds, future exploration programs and the completion of financings, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to Bluestone’s operations as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements, including risks as to the completion of the plans and projects. Readers are cautioned not to place undue reliance on forward-looking statements. Other than as required by applicable securities legislation, Bluestone expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

Each unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.25 per share, subject to the Company's right to accelerate the exercise of the warrants. 

The Company has received regulatory approval to increase the amount of the private placement from $500,000 as previously announced to the final amount of $512,420.

All securities issued in the private placement are subject to a four-month hold period that expires on December 28, 2012 (first tranche) and on January 7, 2013 (second tranche).  The Company intends to use the proceeds to advance its exploration properties and for general working capital purposes.

Finder's fees totalling $3,197.50 and 17,764 finder’s warrants were paid to certain finders and comprise 5% cash and 5% finder’s warrants, of the amount placed by those finders.  Each finder’s warrant is exercisable at a price of $0.25 per share for a period of two (2) years from the date of closing of the private placement.

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 one of the most qualified technical teams in worldwide exploration. Bluestone Resources Inc. is a member of the Aurora Mineral Resource Group of companies, for more information on the group visit www.auroraresource.com.

On behalf of the Board

Bluestone Resources Inc.

/s/"Bruce Counts" P. Geoph.

President & CEO

For further information, please contact:

Bluestone Resources Inc.
Bruce Counts, President & CEO
Tel: (604) 331-4605
www.bluestoneresources.ca

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 regarding the private placement that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. 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.

As previously disclosed, each unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two (2) years from closing at a price of $0.25 per share, subject to the Company's right to accelerate the exercise of the warrants 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 $0.50 for a period of 10 consecutive trading days during the term of the warrant, commencing four months after the date the warrants are issued.

All securities issued in the private placement are subject to a four-month hold period from the closing of the private placement expiring on December 28, 2012.  The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.

In connection with the private placement, the Company has agreed to pay a finder's fee to parties permitted by applicable securities laws to act as finders, equal to 5% cash and 5% finder’s warrants of the gross proceeds raised from subscribers introduced to the Company by such finders.  Accordingly, the Company will pay finder's fees of $18,405 and 102,800 warrants.  Each finder’s warrant is exercisable at a price of $0.25 per share for a period of two (2) years from the date of closing of the private placement.

Bluestone expects to complete a second tranche of the private placement with a closing date of September 10, 2012, pending TSXV approval.

Three insiders of the Company participated in the private placement on the same terms as arm's length investors, and shareholdings of those insiders in the Company increased as a result of such participation.

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 one of the most qualified technical teams in worldwide exploration.

On behalf of the Board
Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

This press release includes "forward-looking information" including statements regarding the private placement that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. 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.

All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement. The Company may pay finder's fees in connection with the private placement. The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.

Any participation by insiders of the Company in the private placement, 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.

This press release is not an offer of securities for sale in the United States. The common shares being offered have not been and will not be registered under the United States Securities Act of 1933 and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the United States, its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.

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 one of the most qualified technical teams in worldwide exploration.

On behalf of the Board
Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

“Bluestone’s management believes that the Mohave Project has the potential to host an economic resource of significant size,” says Bruce Counts, President and CEO of Bluestone Resources. “Much of the property where mineralization has been identified remains under-explored and a comprehensive review of the technical data is being undertaken to determine the next steps for exploration.”

Under the terms of the amended purchase agreement, which is subject to the approval of the TSX Venture Exchange, Bluestone will acquire a 100% interest in the property by paying the underlying vendors 300,000 shares of the company on or before September 1, 2012. In addition, Bluestone has agreed to pay the vendors $1,000,000 within six months of receiving a bankable feasibility study.

The Mohave Property
The Mohave Project is located in north-western Arizona and is interpreted as a porphyry deposit with significant copper, silver and molybdenum mineralisation. Exploration work has identified mineralisation over a large area of the project coincident with a 750 hectare Induced Polarisation (IP) anomaly and complementary structural features.

About Bluestone Resources Inc.
Bluestone Resources Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. For further information about Bluestone Resources Inc. or this news release, please visit our website at www.bluestoneresources.ca. Bluestone Resources Inc. is a member of the Aurora Resource Group of companies, for more information on the group visit www.auroraresource.com.

On behalf of the Board

Bruce Counts, P. Geoph.
President & CEO
Bluestone Resources Inc.

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 regarding the private placement that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. 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.

About Bluestone Resources Inc.
Bluestone Resources Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. Bluestone Resources Inc. is a member of the Aurora Resource Group of companies, for more information on the group visit www.auroraresource.com.  

On behalf of the Board
Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

Ms. Lockhart graduated from law at the University of British Columbia before completing her LLM in the field of international environmental law at the University of London, England. She is also a geologist, with a BSc (Hons) from the University of Manitoba and MSc from the University of Alberta. Ms. Lockhart has been practicing law since 1991, working first as a Crown Prosecutor with the Ministry of Attorney General's office before working for exploration companies in 2002. She is also an Associate of the Institute of Chartered Secretaries.

About Bluestone Resources Inc.
Bluestone Resources Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. Bluestone Resources Inc. is a member of the Aurora Resource Group of companies, for more information on the group visit www.auroraresource.com

On behalf of the Board

Bruce Counts,  P. Geoph.

President & CEO
Bluestone Resources Inc.

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 regarding the private placement that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. 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.

As previously disclosed, each unit consisted of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of five years from closing at a price of $0.20 per share, subject to the Company's right to accelerate the exercise of the warrants 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 $0.50 for a period of 10 consecutive trading days during the term of the warrant, commencing four months after the date the warrants are issued.

All securities issued in the private placement are subject to a four-month hold period from the closing of the private placement expiring on June 22, 2012.  The subscribers have also agreed to not trade any of the securities issued pursuant to the offering prior to the first anniversary of the closing of the private placement without the Company’s consent.  The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.

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 one of the most qualified technical teams in worldwide exploration. Bluestone Resources Inc. is a member of the Aurora Resource Group of companies, for more information on the group visit www.auroraresource.com

On behalf of the Board

Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

This press release includes "forward-looking information" including statements regarding the private placement that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding future fund raising and capital expenditures are subject to all of the risks and uncertainties normally incident with the raising of capital including, but are not limited to, financing risks and risk of regulatory change. 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.

As previously announced, each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will be exercisable into one common share for a period of five years from closing at a price of $0.20 per share, subject to the Company's right to accelerate the exercise of the warrants 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 $0.50 for a period of 10 consecutive trading days during the term of the warrant, commencing four months after the date the warrants are issued.  

All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement.  The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.  The private placement has been conditionally approved by the TSX Venture Exchange. 

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 one of the most qualified technical teams in worldwide exploration. Bluestone Resources Inc. is a member of the Aurora Resource Group of companies, for more information on the group visit www.auroraresource.com.

On behalf of the Board

Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

Vancouver, B.C., January 11, 2012 - Bluestone Resources Inc. (formerly Indicator Minerals Inc.) (the “Company” or “Bluestone”) today announced that it intends to complete a non-brokered private placement of up to $750,000, comprised of units at a price of $0.15 per unit.  Each unit will consist of one common share and one common share purchase warrant. Each common share purchase warrant will be exercisable into one common share for a period of five years from closing at a price of $0.20 per share. The terms and completion of the private placement are subject to TSX Venture Exchange approval.

All securities issued in the private placement will be subject to a four-month hold period from the closing of the private placement. The Company may pay finder's fees in connection with the private placement. The Company intends to use the proceeds of the private placement to advance Bluestone’s exploration properties and for general working capital purposes.

About Bluestone Resources Inc.:

Bluestone Resources Inc. is a Canadian exploration company focused on the discovery and development of economic mineral deposits. The Company has assembled one of the most qualified technical teams in worldwide exploration.

On behalf of the Board
Bluestone Resources Inc.
/s/"Bruce Counts" P. Geoph.
President & CEO

For further information, please contact:

Bluestone Resources Inc.
Bruce Counts, President & CEO
Tel: (604) 646-4527
www.bluestoneresources.ca

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.