Bolero Resources Corp.

Bolero Resources Corp.

October 12, 2010 03:01 ET

Bolero Strengthens Advisory Board by Adding Ian Smith

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2010) - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU)(FRANKFURT:U7N1) is pleased to announce the appointment of Mr. Ian B. Smith to the Advisory Board of the Company. Ian Smith, BE Min (Hons), F. AusIMM, MCIM, MSME, is a Chartered Professional and a mining engineering graduate of the University of Queensland, Australia, with over 40 years experience in corporate, operations, project management and consulting within the international base metals and precious metals industries. 

Ian is currently an officer or director of several public companies including; President and CEO of Santa Fe Metals Corp. and CEO of Yellowhead Mining Corp. Ian was President and CEO of bcMetals Corp. where he had engineered the Red Chris copper/gold porphyry project for development in northwest BC prior to being acquired by Imperial Metals Corp. in February 2007 at a 162% premium over market. Under his leadership, bcMetals completed a Detailed Feasibility Study, completed environmental permitting and arranged $105 million in project debt financing. His involvement with other large scale copper operations at a senior management level include the 90,000 tonne per day (tpd) Bougainville Copper project in Papua New Guinea, the 72,000 tpd La Caridad mine in Mexico, the +100,000 (tpd) Dexing Copper Mine in the PRC and the Zambian Copperbelt. Mr. Smith was President and founding partner of one of North America's most successful mining industry consulting companies until purchased by Canadian interests in 1995.

Bolero Resources' President and CEO, R. Bruce Duncan, stated "The appointment of Ian Smith to Bolero's Advisory Board brings a tremendous amount of knowledge and experience in the early stage development of Imperial Metals Corporation's  neighboring "Red Chris" copper/gold prospect. Ian will be focusing his efforts on Bolero's "Red Chris South" prospect that lies directly to the southwest and is contiguous to Imperial Metals' "Red Chris" prospect, on which Ian has recently overseen the completion of a detailed feasibility study, complete permitting, and project financing all direct factors in its subsequent purchase by Imperial Metals Corp at a substantial premium to market price. We feel Ian will be an integral part of the advancement of Bolero's "Red Chris South" prospect at this early stage of its development."

Red Chris South Map:

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; 100% interest in 57 mineral claims prospective for Rare Earth's covering approximately 56,000 acres, contiguous to Spectrum Mining Corporation in Northern BC; 11 mining claims of which approximately 2,653 hectares are directly tied on to the northwest, and 1,930 hectares are tied directly east of Barkerville Gold Mines in Barkerville, 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.

On behalf of the Board of Directors

R. Bruce Duncan, President & CEO

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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