BLUE RIVER RESOURCES ACQUIRES ADDITIONAL CASTLE PROPERTY
Vancouver, BC – November 30 2011: Blue River Resources Ltd. ( TSX.V: BXR ) ("Blue River")
announces that it has entered into a property acquisition agreement dated November 28, 2011 to acquire 9 claims totaling 608 hectares. The claim group is contiguous to Blue River's Castle Copper Project near Princeton BC, which is currently awaiting assays from the recently completed 2011 diamond drill program.
Griffin Jones, President, states, "This proposed acquisition, which will expand Blue River's Castle property to approximately 7,280 hectares (18,000 acres), is a strategic move to continue to consolidate its land position and presence in the Castle Project area, 25 km north of Copper Mountain Mining’s operating copper mine."
Under the terms of the agreement, Blue River has agreed to issue 100,000 shares to the vendor upon approval by the TSX Venture Exchange and 100,000 shares every six months for a total of 300,000 shares. On closing, Blue River has also agreed to grant the vendor a 2% net smelter royalty, of which 1% can be purchased back by Blue River for $1.0 million. The closing of the acquisition is subject to certain conditions, including approval from the TSX Venture Exchange.
Shares issued to the vendor will include a four month hold period as required in accordance with applicable securities laws.
ON BEHALF OF THE BOARD
BLUE RIVER RESOURCES LTD.
/s/ Griffin Jones
For further information contact:
Tel: (604) 682-7339
Neither 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