Bonaparte Capital Corp.
TSX VENTURE : BON

March 31, 2010 16:00 ET

Bonaparte Announces Updated Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Bonaparte Capital Corp. (TSX VENTURE:BON) ("Bonaparte" or the "Company") is pleased to announce its updated plans for exploration work to be conducted during the summer of 2010 at its optioned Rosy Property, located in the southern Yukon Territory. Bonaparte has the right and option to earn an undivided 50% interest in the Rosy Property from ATAC Resources Ltd. (TSX-V: ATC) by paying an aggregate amount of $50,000, incurring an aggregate amount of $1,000,000 in exploration expenditures and issuing ATAC an aggregate amount of 1,500,000 common shares of the Company. To date, Bonaparte has paid $15,000 and issued 300,000 common shares to ATAC.

The Company has retained Archer, Cathro & Associates (1981) Limited of Vancouver, BC to carry out the exploration work as set out in the Rosy Property Technical Report prepared by Protore Geological Services of Whitehorse, Yukon in November 2009. In addition to the planned geological mapping, prospecting and soil geochemical sampling work, and in consultation with Archer, Cathro and Protore, the Company has secured the equipment necessary to conduct a targeted diamond drill program totaling approximately 350 meters in order to begin evaluation of the two most promising mineralized zones that have been discovered to date on the property. On site preparatory work will commence in June with drilling and other geological work slated for July 2010.

ON BEHALF OF THE BOARD OF DIRECTORS

Randy Saunders, CEO and Director

CAUTIONARY NOTE: FORWARD LOOKING STATEMENTS. Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding the timing and content of upcoming work programs and future plans and objectives of Bonaparte are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Bonaparte are those risks described herein and from time to time, in the filings made by Bonaparte with Canadian securities regulators. Those filings can be found on the Internet at http://www.sedar.com.

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

  • Bonaparte Capital Corp.
    Randy Saunders
    CEO
    (604) 484-8750
    (604) 484-8755 (FAX)