Bonaventure Enterprises Inc.
TSX VENTURE : BVT
FRANKFURT : YQG

July 09, 2009 14:22 ET

Bonaventure Enterprises Inc.: Resignation and Appointment of Officer and Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2009) - BONAVENTURE ENTERPRISES INC. ("Bonaventure" or the "Company") (TSX VENTURE:BVT)(FRANKFURT:YQG) announces that Mr. Jean Lafleur has resigned, effective immediately, from his position as President, CEO and a director of the Company. Over the last 21 months during his tenure as President and CEO, he overviewed the acquisition of important uranium land packages in Quebec, assisted with a major financing effort, and assisted in launching aggressive exploration programs in Quebec. The Board thanks Mr. Lafleur for his contribution and for the expertise he brought the Company, and wishes him well in his current and future geological endeavours.

In the interim, Mr. Richard Kern (P.Geo.), a current director of the Company, will assume the President and CEO position. He formerly was Vice-President Exploration (Nevada) for the Company, and will continue to be responsible for the coordination of BVT's Nevada projects. Mr. Kern is a Professional Geologist with over 30 years of experience in base and precious metal exploration in the U.S., Central America, South America and Australia. He has been involved in major discoveries in the Western U.S. and Australia, the most recent being Klondex Mines Ltd.'s Fire Creek deposit in Nevada. Mr. Kern is currently the president of MinQuest, Inc. and prior to joining MinQuest he has held management level positions in companies such as North Mining, Inc., Homestake Mining Company, and Superior Oil. He has a Bachelor of Science and a Master of Science Degree in Geology.

In addition, the Company announces the appointment of Mr. Mark Billings to the Board of Directors. Mr. Billings will head a new special committee in charge of reshaping the Company's affairs and direction. He holds an MBA from Harvard Business School, and is a Chartered Financial Analyst. Mr. Billings is currently the President and CEO of Orex Exploration Inc., and the President of Argex Silver Capital, a Capital Pool Company (CPC) trading on the TSX Venture Exchange. The Board welcomes his expertise.

On behalf of the Board of Directors

Basil Pantages, Chairman

About Bonaventure Enterprises

Bonaventure Enterprises Inc. (TSX VENTURE:BVT) is a mineral exploration company focused on developing a diversified portfolio of uranium properties in Canada and promising gold properties in Nevada, with the goal of establishing National Instrument 43-101 compliant Mineral Resources in the near term. The property portfolio consists of uranium and gold exploration assets. The Company has a 100% interest in the flagship K9 Uranium Property located in the James Bay region in Quebec, as well as other uranium assets located in the North Shore region of Quebec and in the Athabasca Basin in Saskatchewan.

The Company holds highly prospective gold exploration properties in Nevada with the potential to host Carlin-type gold deposits. The Company has an option agreement to acquire up to 60% interest in the New Pass Property located in Austin, Nevada and the Squaw Creek Property located on the northern extension of the Carlin Trend in northern Nevada. The New Pass and Squaw Creek and properties are under a joint venture with White Knight Gold (U.S.) Inc., a wholly owned subsidiary of U.S. Gold Corporation (TSX:UXG).

For further information on the Company, please visit our website at www.bonaventure.us. The Company's public documents may be accessed at www.sedar.com.

Neither the 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

  • Bonaventure Enterprises Inc.
    Basil Pantages
    Chairman
    (604) 718-2800
    (604) 718-2808 (FAX)
    www.bonaventure.us