UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

SEC. FILE NUMBER

333-152959

CUSIP NUMBER

09625R106

NOTIFICATION OF LATE FILING
(Check one):	o Form 10-K		o Form 20-F	o Form 11-K	X Form 10-Q	o Form 10-D	o Form N-SAR
	o Form N-CSR
	For Period Ended    March 31, 2010
	o	Transition Report on Form 10-K
	o	Transition Report on Form 20-F
	o	Transition Report on Form 11-K
	o	Transition Report on Form 10-Q
	o	Transition Report on Form N-SAR
	For the Transition Period Ended

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I - REGISTRANT INFORMATION

BlueStar Financial Group, Inc.

Full Name of Registrant

Not applicable

Former Name if Applicable

7377 E. Doubletree Ranch Rd, Suite 200,

Address of Principal Executive Office (Street and Number)

Scottsdale, Arizona 85258

City, State and Zip Code

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PART 11 - RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate).

X	(a)	The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report of transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

PART III - NARRATIVE

State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

The Registrant is unable to file, without unreasonable effort and expense, its Form 10-Q Quarterly Report for the quarter ended March 31, 2010 because the Registrant's auditors have not yet had an opportunity to complete their review of the unaudited financial statements and Form 10-Q. It is anticipated that the Form 10-Q Quarterly Report, along with the unaudited financial statements, will be filed on or before the 5th calendar day following the prescribed due date of the Registrant's Form 10-Q.

PART IV - OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

Rick Papworth	480	768.7199
(Name)	(Area Code)	(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).	x Yes o No
(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?	o Yes x No
	If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made

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BLUESTAR FINANCIAL GROUP, INC.

(Name of

Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date:	May 17, 2010	By:	/s/ Richard A. Papworth
			Richard A. Papworth President

INSTRUCTION:

The form may be signed by an executive officer of the registrant or by any other

duly authorized representative.  The name and title of the person

signing the form shall be typed or printed beneath the signature.  If

the statement is signed on behalf of the registrant by an authorized

representative (other than an executive officer), evidence of the

representative’s authority to sign on behalf of the registrant shall be filed

with the form.

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