kobex has Blue Sky shares75 cents per share
Kobex Sells Blue Sky Warrants
VANCOUVER,BRITISH COLUMBIA--(Marketwire - Oct. 26, 2009) - Kobex Minerals Inc.("Kobex" or the "Company") (TSX VENTURE:KXM)(NYSE Amex:KXM) announces that effectiveOctober 26, 2009, the Company has sold 8,333,333 warrants of Blue Sky UraniumCorp. ("Blue Sky") that it had acquired as part of previous private placements(see Blue Sky news releases dated September 19, 2008 and October 29, 2008) forproceeds totalling $528,333.31 Canadian dollars. Kobex retains 8,333,333 commonshares that it had acquired at
.12 Canadian dollars per unit.
President Alfred Hills says, "Saleof these warrants reflects arrangements agreed to prior to our amalgamation onSept. 30, 2009. Kobex believes that Blue Sky's recent exploration results andcorporate news underscores Blue Sky as an exploration story in which Kobex ispleased to continue to hold a substantial position."
Blue Sky Uranium Corp. (BSK-TSX.V) is an exploration company ledby management and technical teams with substantial experience inproject finance and mineral exploration. Blue Sky is well positioned toleverage Management's extensive network of contacts to rapidly grow theCompany into an industry leader. Blue Sky's objective is to become thepremier uranium exploration company in Argentina by aggressivelyexploring its impressive land package that totals over 500,000 hectares.
The Company is dedicated to actively exploring the Patagonia region ofArgentina for economic mineral deposits. Experienced management andtechnical members, who foster relationships with a vast amount oflocal, regional and international industry contacts, support theexploration team on their search for quality resource opportunities.Blue Sky's management group has over 15 years experience in exploringArgentina.