Bolero Resources Corp.
TSX VENTURE : BRU
FRANKFURT : U7N1
PINK SHEETS : BRUZF

Bolero Resources Corp.

March 24, 2011 09:01 ET

Bolero Welcomes Alex Knox to Its Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2011) - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU)(PINK SHEETS:BRUZF)(FRANKFURT:U7N1) is pleased to announce the appointment of Mr. Alex Knox to the Advisory Board of the Company. Alex Knox, is one of Canada's leading experts on rare earth geology with more than 35 years of experience in mineral exploration, including prospect generation, regional analysis and economic evaluation.

Alex graduated with a B.Sc. and a M.Sc. in geology from the University of Calgary, and has since spent more than 10 years as a mineral exploration geologist with Unocal Canada Ltd. During this period he spent much time studying and exploring most of the known carbonatite and alkalic rock complexes in Canada for niobium and rare earth elements, including the Kipawa Alkalic Complex in western Quebec and the Eldor Carbonatite complex in northern Quebec.

Since 1993 Mr. Knox has been a mineral exploration consultant, working in many commodities. Recently he has been retained to examine and explore rare earth element properties for many organizations in Canada and recently participated in a comparative study of heavy rare earth element-enriched deposits worldwide for an international consulting group.

A resident of Calgary, Alberta, Mr. Knox is a Fellow of the Geological Association of Canada and a registered Professional Geologist (APEGGA).

Bolero Resources' President and CEO, R. Bruce Duncan, stated, "We are pleased to have Alex as a part of the Bolero team going in to this very active 2011 work/drilling season. His expertise will be an integral component of effectively advancing Bolero's two early stage Rare Earth Element projects; The "Carbonatite Syndicate" and the "Charge." Bolero currently has approximately $3,700,000 in cash and anticipates a robust 2011 drill season for all of Bolero's primary projects, including: Both REE projects, The "Red Chris South" (Copper/Gold) and the "White Gold" Yukon. Management is currently establishing work crews and drilling contractors for Bolero's multiple upcoming programs."

Dr. Roger Steininger, Ph.D., CPG (AIPG), a Company Director, is the "Qualified Person" (as such term is defined by NI 43-101) responsible for the preparation of the technical information in this release.

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; The "Carbonatite Syndicate" consisting of 211 mineral claims prospective for Rare Earth Elements covering over 90,000 hectares (222,415 acres) contiguous to Spectrum Mining Corporation in northern BC; 2 separate quartz claim blocks covering over 6,500 acres, in the "White Gold District" of the Yukon; and the "Charge" BC REE prospect. The Company is listed on the TSX-Venture Exchange under the symbol BRU, the Pink Sheets under the symbol BRUZF, as well as the Frankfurt Exchange under U7N1. For more information, please visit: www.boleroresources.com or contact Investor Relations Toll Free.

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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