Bolero Resources Corp.
TSX VENTURE : BRU
FRANKFURT : U7N1

Bolero Resources Corp.

August 25, 2010 03:01 ET

Bolero Resources Corp.: Aeroquest Ltd. Commences Airborne Survey Over Rare Earth Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2010) - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU)(FRANKFURT:U7N1) announces that Aeroquest Ltd. has now commenced AeroTEM and Radiometric geophysical airborne surveys on the highly prospective "Carbonatite Syndicate Rare Earth Claim Group," located 80 km northeast of Prince George, bordering Spectrum Mining's "Wicheeda" Rare Earth discovery, that recently returned significant grades including a 48.64 metre interval which averaged 3.55% rare earth elements, a 72.0 metre interval that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in three separate drill holes. (2008 Aris Report) (http://aris.empr.gov.bc.ca/ArisReports/30873.PDF)

Bolero Resources' President and CEO, R. Bruce Duncan, stated "We are extremely pleased that Aeroquest has now commenced AeroTem and Radiometric airborne surveys. AeroTEM is a proven technology that will help to pin-point the highest priority drill targets on our property. We have also applied for our drill permits and expect to receive approval shortly. Drilling will begin following the interpretation of the airborne data. When you couple this exciting prospect with the upcoming drilling on Bolero's "Red Chris South" prospect, contiguous to Imperial Metals, management believes that this will be an active and exciting period for Bolero."

http://www.boleroresources.com/docs/carbonatite_syndicate_claims.pdf

The airborne geophysical and radiometric surveys will consist of over 400 line kilometres flown at 200-metre line spacing, designed to test new and existing high-priority Rare Earth Element "REE" targets. The AeroTEM system is the HTEM system of choice in British Columbia for its superior ability to contour in rugged terrain. These airborne surveys will be useful in advancing the property to the drill-ready stage.

Specifically, the airborne surveys will focus on further defining high priority Rare Earth targets contiguous to the East and South East of Spectrum Mining's "Wicheeda" Rare Earth discovery. Soil and Silt samples from Bolero's ground show concentrations for Cerium (Ce) and Lanthanum (La) up to 631 ppm and 377 ppm respectively, with 20 samples showing total Rare Earth contents above 1000 ppm. Pathfinder elements such as Niobium (Nb) and Barium (Ba) also show distinct elevated concentrations against background, indicating their applicability for local exploration.

In other news the Company has terminated the Cannivan Gulch property option agreement due to the lack of interest by potential investors in the property and molybdenum in general. The Company anticipates the current weakness in the molybdenum market to continue for the foreseeable future.

Dr. Roger Steininger, Ph.D., CPG (AIPG), a Company Director, is the "Qualified Person" (as such term is defined by NI 43-101) responsible for the preparation of the technical information in this release.

About Bolero Resources Corp.

Bolero Resources Corp. is a Canadian Gold and Rare Earth exploration and development company. Our primary assets include: 100% interest in twelve strategic claims in the Red Chris area of north-western BC, contiguous to Imperial Metals Corp; 100% interest in 57 mineral claims prospective for Rare Earth's covering approximately 56,000 acres, contiguous to Spectrum Mining Corporation in Northern BC, and 11 mining claims of which approximately 2,653 hectares are directly tied on to the northwest, and 1,930 hectares are tied directly east of Barkerville Gold Mines in Barkerville, BC. 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.com or contact Investor Relations Toll Free.

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"

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