SOURCE: Bolero Resources Corp.

October 26, 2010 03:10 ET

Baotou Government Exclusive Advisor and Baron Group Intl Managing Director "William Majcher" Joins Bolero's Advisory Board

VANCOUVER, BC--(Marketwire - October 26, 2010) -

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Bolero Resources Corp. (the "Company" or "Bolero"), (TSX-V: BRU), (FRANKFURT: U7N1) is pleased to announce the addition of William "Bill" Majcher to its advisory board. Mr. Majcher brings international capital markets experience, working in both an advisory and enforcement roles. Mr. Majcher is currently a Managing Director at Baron Group International working extensively with Chinese investors, officials and State Owned Enterprises as an Advisor to the Hong Kong Association for the Development of Western China.

In 2009, on behalf of his Hong Kong based Merchant Bank, Mr. Majcher signed an agreement to act as the official economic advisors to the Baotou Government and key commercial and investment officials of Baotou, Inner Mongolia. Mr. Majcher recently played a central role in establishing a joint investment fund alongside the Baotou Government, and specifically the entities responsible for all Rare Earth production in Baotou.

Baotou is home to almost 95% of the world's current production of Rare Earth Elements "REE's" and is rich in Iron Ore and other minerals including China's largest Coal deposits. The worlds' largest rare earth refineries are located 150 km south of the huge Iron Ore and "REE" deposits at Bayan Obo, on the outskirts of Baotou City. Within Baotou over 6000 companies are utilizing or developing usages for Rare Earth Elements, thus the technology breakthroughs and investment opportunities coming from Baotou will continue to drive world demand. Mr. Majcher is working to help guide and encourage Baotou enterprises to seize growth opportunities through domestic and international mergers and acquisitions. Bolero Resources' President and CEO, R. Bruce Duncan stated, "The addition of Bill Majcher to Bolero's Advisory Board brings international capital markets expertise to the company while substantially broadening our strategic horizons to that of the world's largest Rare Earth producers and the associated political and investment potential. Bill will be a tremendous asset to Bolero at an exciting time for the company as progress continues to be made on all three of Bolero's active projects following the discovery of multiple anomalies on both the Red Chris South prospect contiguous to Imperial Metals (III - TSX) Red Chris copper/gold discovery in NW British Columbia and the Carbonatite Syndicate REE prospect contiguous to a significant Rare Earth discovery by Spectrum Mining in northern BC."


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 the Red Chris South prospect, covering over 13,000 acres in north-western BC, contiguous to Imperial Metals Corp (III.T) and; 100% interest in 70 mineral claims prospective for Rare Earth's covering approximately 67,601 acres contiguous to Spectrum Mining Corporation in Northern BC and; 2 separate quartz claim blocks covering over 6,500 acres, in the "White Gold District" of the Yukon. 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 or contact Investor Relations Toll Free.

On behalf of the Board of Directors

"R. Bruce Duncan"

President & CEO

Toll Free Investor Inquiries 1 (888) 818-1365

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"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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Source: Bolero Resources Corp. via Thomson Reuters ONE

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