Bonaventure Enterprises Inc.
TSX VENTURE : BVT
PINK SHEETS : BVTEF
FRANKFURT : YQG

October 01, 2007 12:24 ET

Bonaventure Enterprises Inc.: K9 Results Demonstrate Potential for Large Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2007) - Bonaventure Enterprises Inc. (TSX VENTURE:BVT)(PINKSHEETS:BVTEF)(FRANKFURT:YQG) is pleased to issue the first set of exploration results from the K9 Uranium Property or "K9" (refer to the Company's new release of September 26, 2007), located in the James Bay Mining District, Quebec. The 162 km2 K9 is part of a recently acquired 944 km2 claim package located in the uranium-rich James Bay and North Shore regions of Quebec.

The results of extensive exploration work carried out on K9 and completed in July, led by Dr. K.N.M. Sharma, Ph.D. Geology and Mineral Exploration Consultant and M. Beaumier, P. Geo., are being compiled into a National Instrument (NI) 43-101 Technical Report which will contain a full description of this work and results, and will be available shortly on www.sedar.com.

K9 Work Program Result Highlights

Regional lake-bottom sediment surveys completed in the K9 region in the 1970's by the Societe de developpement de la Baie James indicated that the kilometric sized secondary uranium concentrations on K9 were two orders of magnitude greater than the general background values in the area. K9 shows higher uranium concentrations in lake-bottom sediments with a peak of over 0.19% U3O8.

This year's work on K9 not only confirmed a local bedrock source for the secondary uranium, but also showed significant bedrock uranium concentrations all over the K9 land package.

More than 215 measurements from a detailed ground spectrometer survey outlined uranium mineralization, based on total radioactivity counts per second (or "cps") and higher spectrometer assays in eU, over a 250 to 900 m wide and 7 km long corridor. Three specific areas of higher uranium concentrations were identified within this corridor (the A, B and South Zones). The zones follow NW-SE hills, averaging more than 65 m in height. Uranium is present as disseminated uraninite and its yellowish alteration products located within biotite-magnetite bearing paragneisses, pegmatites and granites. The uranium mineralization is akin to Rossing-type mineralization.

The average uranium concentration from chemical analysis is 0.15% U3O8 (or 3.01 lbs/ton U3O8). Chemical assays mimic the ground spectrometer assays in eU3O8. Both analytical techniques were used at all 46 sample sites from the 7 km long corridor, and results suggest a linear relationship between both methods at this stage

Uranium chemical assay results from the corridor are shown in the appended table:



---------------------------------------------------------
SAMPLE(1) LOCATION U3O8 CONTENT(2)
---------------------------------------------------------
PPM % Lbs / ton
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PAD 1 / GRAB 1 219.5 0.02 0.44
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PAD 1 / GRAB 2 69.6 0.01 0.14
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PAD 1 / GRAB 3 233.0 0.02 0.47
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PAD 1 / GRAB 4 1484.8 0.15 2.97
---------------------------------------------------------
PAD 1 / GRAB 5 832.0 0.08 1.66
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PAD 1 / GRAB 6 173.4 0.02 0.35
---------------------------------------------------------
PAD 1 / GRAB 7 4390.4 0.44 8.78
---------------------------------------------------------
PAD 1 / GRAB 8 1280.0 0.13 2.56
---------------------------------------------------------
PAD 1A / GRAB 1 2355.2 0.24 4.71
---------------------------------------------------------
PAD 1A / GRAB 2 1638.4 0.16 3.28
---------------------------------------------------------
PAD 1A / GRAB 3 1267.2 0.13 2.53
---------------------------------------------------------
PAD 1A / GRAB 4 588.8 0.06 1.18
---------------------------------------------------------
PAD 2 / GRAB 1 191.4 0.02 0.38
---------------------------------------------------------
PAD 2 / GRAB 2 403.2 0.04 0.81
---------------------------------------------------------
PAD 2 / GRAB 3 780.8 0.08 1.56
---------------------------------------------------------
PAD 2 / GRAB 4 1100.8 0.11 2.20
---------------------------------------------------------
PAD 2 / GRAB 5 793.6 0.08 1.59
---------------------------------------------------------
PAD 3 / GRAB 1 270.1 0.03 0.54
---------------------------------------------------------
PAD 3 / GRAB 2 2176.0 0.22 4.35
---------------------------------------------------------
PAD 3 / GRAB 3 934.4 0.09 1.87
---------------------------------------------------------
PAD 4 / GRAB 1 8883.2 0.89 17.77
---------------------------------------------------------
PAD 4 / GRAB 2 614.4 0.06 1.23
---------------------------------------------------------
PAD 4 / GRAB 3 1036.8 0.10 2.07
---------------------------------------------------------
PAD 4 / GRAB 4 1126.4 0.11 2.25
---------------------------------------------------------
PAD 5 / GRAB 1 3072.0 0.31 6.14
---------------------------------------------------------
PAD 5 / GRAB 2 2726.4 0.27 5.45
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PAD 5 / GRAB 3 1804.8 0.18 3.61
---------------------------------------------------------
PAD 5 / GRAB 4 1856.0 0.19 3.71
---------------------------------------------------------
PAD 5 / GRAB 5 3148.8 0.32 6.30
---------------------------------------------------------
PAD 5 / GRAB 6 3456.0 0.35 6.91
---------------------------------------------------------
PAD 6 / GRAB 1 4224.0 0.42 8.45
---------------------------------------------------------
PAD 6 / GRAB 2 409.6 0.04 0.82
---------------------------------------------------------
PAD 6 / GRAB 3 1996.8 0.20 3.99
---------------------------------------------------------
PAD 8 / GRAB 1 563.2 0.06 1.13
---------------------------------------------------------
PAD 8 / GRAB 2 652.8 0.07 1.31
---------------------------------------------------------
PAD 8 / GRAB 3 2419.2 0.24 4.84
---------------------------------------------------------
PAD 8 / GRAB 4 832.0 0.08 1.66
---------------------------------------------------------
PAD 8 / GRAB 5 1804.8 0.18 3.61
---------------------------------------------------------
PAD 12 / GRAB 1 270.1 0.03 0.54
---------------------------------------------------------
PAD 12 / GRAB 2 267.5 0.03 0.54
---------------------------------------------------------
PAD 12 / GRAB 3 793.6 0.08 1.59
---------------------------------------------------------
PAD 13 / GRAB 1 1036.8 0.10 2.07
---------------------------------------------------------
PAD 13 / GRAB 2 819.2 0.08 1.64
---------------------------------------------------------
PAD 13 / GRAB 3 1100.8 0.11 2.20
---------------------------------------------------------
PAD 13 / GRAB 4 1664.0 0.17 3.33
---------------------------------------------------------
AVERAGES 1505.8 0.15 3.01
---------------------------------------------------------

(1) To obtain fresh, surface bedrock samples, 50 cm deep holes were drilled
using a Pionjar portable drill, and the holes were blasted using
explosive material. Between 3 kg and 5 kg samples for chemical analyses
were collected by field crews. Samples were bagged, tagged and sealed
on-site; identified by helicopter pad and drill hole numbers.
(2) Samples were sent to ALS-Chemex laboratories in Val d'Or (Quebec) and
North Vancouver (B.C.) for quantitative chemical analyses using the
ME-MS61 Elements Method, where samples were bar-coded, dried, weighed,
crushed and pulverized; with 50 grams of the 200 mesh fraction used in
the analysis by mass spectrometer. Standards, blank and duplicate
samples were added for Quality Assurance and Quality Control. Duplicate
witness samples were also collected from localities which showed
special textures, alteration phenomenon, interesting mineralogy,
typical alteration products of uranium minerals and higher
radioactivity.


Mr. Jean Lafleur, P. Geo., President & CEO commented: "We are very excited that the work performed on the K9 property to date has outlined a 7 km long uranium corridor, and that the style of mineralization indicates the potential for a significant high volume disseminated uranium mineralization akin to the Rossing system. Rossing is a disseminated lower grade uranium deposit containing at least 300 million tonnes within a 1 km by 2.5 km ore body grading 0.03% U3O8. Bonaventure's objective over the next 12 months will be the definition of NI 43-101 compliant mineral resources on K9, as the Company builds a first-tier energy company by aggressively pursuing the district scale targets on its flagship projects in three World-Class Mining Districts in North America."

Mr. Jean Lafleur, P. Geo., Bonaventure's President and CEO, and a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information contained in this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Basil Pantages, Chairman of the Board

About Bonaventure Enterprises Inc.

Bonaventure Enterprises Inc. is a Canadian based resource and exploration company traded publicly under the symbol BVT on the TSX Venture Exchange and YQG on the Frankfurt Stock Exchange and Xetra. Presently with Uranium and polymetallic and diamond assets in the Athabasca Basin and in the James bay and North Shore regions of Quebec and with Gold properties in Nevada with some under a Joint-Venture with U.S. Gold (TSX:UXG), Bonaventure is focused on the creation of shareholder value through the acquisition and development of large projects demonstrating the ability to host World-Class precious metals and energy based mineral deposits.

Please visit the Bonaventure Enterprises Inc.'s website at www.bonaventure.us.

The TSX Venture Exchange has not reviewed and does not accept responsibility.

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