Bonaventure Enterprises Inc.
TSX VENTURE : BVT
FRANKFURT : YQG

November 12, 2007 11:27 ET

Bonaventure Enterprises Inc.: K9 Uranium Property Exploration Update

Latest Bedrock Radioactivity and eU3O8 Readings Increase Surface Size of Uranium Corridor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 12, 2007) - Bonaventure Enterprises Inc. (TSX VENTURE:BVT)(FRANKFURT:YQG) is pleased to update its shareholders on the recent exploration activity from the K9 Uranium Property or "K9", located in the James Bay Mining District, Quebec.

The Company has now completed the second exploration program on K9 from the 2,500 m long by 500 m wide "A" Zone, where 307 new spectrometer readings in uranium were taken, as well as an additional 48 blasted bedrock grab samples. Assay results are pending.

Highlights to date:

- There are 522 total spectrometer readings in uranium taken from K9 averaging 0.05% eU3O8 within a range of trace eU3O8 to 0.44% eU3O8;

- Based solely on the spectrometer uranium readings, the overall surface dimension within the 7 km long K9 bedrock uranium corridor was increased by 30% from 4 km2 to 5.25 km2;

- The 94 total bedrock samples taken from K9 average 11,361 cps in total radioactivity, within a range of 2,400 cps to 49,800 cps; whereas, the spectrometer readings in uranium averaged 0.12% eU3O8 within a range of 0.01% eU3O8 to 1.09% eU3O8;

- The average uranium assays from the 46 initial blasted bedrock grab samples of the first exploration program (refer to the news release dated on October 1, 2007) was 0.15% U3O8 (or 3.01 lbs/ton U3O8).

Mr. Jean Lafleur, P. Geo., the Company's President and CEO, states "The surface exploration work in 2007 on K9 has confirmed a significant two-dimensional uranium system covering more than 5 km2. The mineralization remains open laterally and at depth. We are energized by the prospect of size potential and that is why all of our efforts are now focused on initiating a major drill campaign on K9 in the near term to determine the three-dimensional extent of the uranium mineralization."

Drilling, helicopter and field personnel contracts are being finalized, and all the necessary fuel is presently being flown-in to K9, via a float plane, in order to operate the drilling at maximum capacity until February, 2008, once ice conditions will permit regular flying services when needed and/or ground transportation.

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, poly-metallic and diamond assets in the Athabasca Basin, uranium properties in the James Bay and North Shore regions of Quebec, and gold claims in Nevada, two of which are under a Joint-Venture with U.S. Gold (TSX:UXG), Bonaventure is focused on the creation of shareholder value and building a first-tier energy company through the acquisition and development of large projects demonstrating the ability to host World-Class mineral deposits.

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

This news release may contain forward-looking statements reflecting the Company's objectives, estimates, expectations and the impact of acquisitions on the Company's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from the Company's projections or expectations.

The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • First Canadian Capital
    Daniel Boase
    1-866-580-8891
    or
    ParaDox Public Relations
    Carl Desjardins
    1-866-460-0408