Vancouver - Blue River Resources Ltd. (TSXV: BXR) (OTC Pink: BRVRF) (FSE: 0BL) (the 'Company') announces that, further to its news releases of April 26, 2021 and June 23, 2021, and subject to the approval of the TSX Venture Exchange, it has closed its non-brokered private placement raising gross proceeds of $650,000 through the issuance of 43,333,333 units at a price of $0.015 per Unit.

Each Unit consists of one common share (a 'Share') in the capital of the Company and one transferable share purchase warrant (a 'Warrant') with each Warrant exercisable to purchase one additional Share of the Company at a price of $0.05 per Share for a period of 3 years from the date of closing of the Private Placement.

Pursuant to the Exchange bulletins dated April 8, 2020, December 15, 2020 and June 17, 2021 regarding temporary relief of $0.05 minimum pricing requirement, the Company submitted an application and received approval from the Exchange for the minimum waiver.

Contact:

Griffin Jones

Tel: 604.682.7339

Web: www.blueriv.com

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.

This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

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