Blugrass Energy Inc. Announces the Sale of Cave Pool Oil

Blugrass Energy Inc. Announces the Sale of Cave Pool Oil Properties
in Eddy County, New Mexico to Quad Energy Corp. 
CALGARY, AB -- (Marketwire) -- 02/09/11 --   Blugrass Energy Inc.
(PINKSHEETS: BLUG) (OTCQB: BLUG) is pleased to announce the
completion of a purchase and sale agreement with Quad Energy Corp.
for 100% of the Cave Pool Oil Properties in Eddy County, New Mexico.
The purchase agreement has a total value of eight hundred and seventy
thousand dollars ($870,000.00). Quad has issued Blugrass five million
(5,000,000) common shares valued at $.10 per share for the first part
of the purchase agreement. Quad will also assume and pay Blugrass'
debt to Doral Energy Inc. by issuing to Doral two million five
hundred thousand (2,500,000) common shares valued at $.10 per share
for this portion of the purchase agreement. Quad has also assumed
Blugrass' debt of one hundred and twenty thousand dollars
($120,000.00) for services associated with the/environmental company
that has performed work on the Cave Pool property. Further terms and
conditions of this agreement will be disclosed in Blugrass' Form 8-K
to be filed with the Securities and Exchange Commission.  
On Behalf of the Board of Directors 
John Kenney Berscht 
Safe Harbor Act Notice: 
Statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Securities Act
of 1933, as amended. Those statements include statements regarding
the intent, belief or current expectations of the company and its
management. Such statements reflect management's current views, are
based on certain assumptions and involve risks and uncertainties.
Actual results, events or performance may differ materially from the
above forward-looking statements due to a number of important
factors, and will be dependent upon a variety of factors, including,
but not limited to, the company's ability to obtain additional
financing and the demand for the company's products. Any investment
in the company would be extremely speculative and involve a high
degree of risk and should not be pursued unless the investor could
afford to lose their entire investment. Before investing, please
review this filing, all past public filings with the SEC, all current
Pinksheets.com filings and consult a registered broker dealer or
contact the financial industry regulatory authority ("FINRA") for
more information regarding locating a qualified party to assist in
making an investment decision. The company undertakes no obligation
to publicly update these forward- looking statements to reflect
events or circumstances that occur after the date hereof or to
reflect any change in the company's expectations with regard to these
forward-looking statements or the occurrence of unanticipated events.
Factors that may impact the company's success are more fully
disclosed in the company's most recent public filings with the U.S.
Securities and Exchange Commission. Forward-looking statements are
typically identified by the use of terms such as "anticipate"
"believe" "could" "estimate" " expect" "intend" "may" "might" "plan"
"predict" "project" "should" "will" and similar words, although some
forward-looking statements are expressed differently. Although we
believe that the expectations reflected in such forward-looking
statements are reasonable, we can give no assurance that such
expectations will prove to be correct. 
Contact:
Blugrass Energy Inc.
Tony Collins
1-877-511-0110 
 
 
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