Bolero Resources Corp.
TSX VENTURE : BRU

Bolero Resources Corp.

April 22, 2010 10:31 ET

Bolero Closes Additional $201,000 in Flow-Through

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 22, 2010) - BOLERO RESOURCES CORP. ("Bolero" or the "Company") (TSX VENTURE:BRU) announced today that it has completed the private placement of 574,286 units (Units") at $0.35 per Unit to raise gross proceeds of $201,000. Each Unit consists of one flow-through common share and one (non flow-through) common share purchase warrant ("Warrant"). Each Warrant entitles the subscriber to acquire one addition common share of Bolero for two years at $0.50 per common share.

Finder's fees of 5% cash and a 5% year non flow-through two year warrant equal to 5% of the number of units subscribed for at an exercise price of $0.35 per warrant. The securities issued pursuant to the private placement are subject to a four month hold period ending August 20, 2010.

Bolero Resources Corp. is a Canada-based Molybdenum, Gold, and Rare Earth Element mineral development and exploration company. Our primary assets include: 100% interest in the Cannivan Gulch Molybdenum property located in Montana, USA; A 100% interest in twelve strategic claims in the Red Chris area of north-western BC, contiguous to Imperial Metals Corp (III.V); 100% interest in 43 mineral claims prospective for Rare Earth's covering approximately 16,072 hectares, contiguous to Spectrum Mining Corporation in Northern BC; A 50% interest in the Arcadia Gold property, a 1,280 hectare area of Inuit-owned land located in Canada's Nunavut territory; and 11 mining claims covering approximately 4,583 hectares directly tied on to the recent Gold discovery by (BGM.V) Barkerville Gold Mines Ltd. The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N1. For more information, please visit www.boleroresources.ca.

On behalf of the Board of Directors

R. Bruce Duncan
President & CEO

"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 this release."

Contact Information