Bonaparte Resources Inc.
TSX VENTURE : BON

Bonaparte Resources Inc.

May 16, 2011 16:00 ET

Bonaparte Announces Hopper Property Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Bonaparte Resources Inc. (TSX VENTURE:BON) ("Bonaparte" or the "Company") is pleased to announce that the TSX Venture Exchange Inc. has accepted for filing documentation in connection with a mineral property option agreement dated December 13, 2010 between Bonaparte and Strategic Metals Ltd. ("Strategic") under which the Company may earn up to a 100% interest in the Hopper Property. The Hopper Property consists of 289 mineral claims located in the Whitehorse Mining District, Yukon Territory, Canada. The claims cover an area of 5,800 hectares.

The Hopper Property is directly accessible via a two-wheel drive road from the Alaska Highway. The Aishihik Hydroelectric Dam, one of the three main power generating hydroelectric stations in Yukon, is located 15 km south of the property along the same access road.

Pursuant to the terms of the option agreement, Bonaparte may acquire up to 100% interest in the Hopper Property subject to a 2% NSR royalty, by making cash payments and incurring exploration expenditures in three steps as follows:

1. By paying Strategic an aggregate amount of $1 million and incurring expenditures of $4 million by December 31, 2013 at which time Bonaparte will become a 50% joint venture owner in the Hopper Property.

2. By paying Strategic an aggregate amount of $2 million and incurring expenditures of $10 million by December 31, 2015 at which time Bonaparte shall have acquired an 80% interest in the Hopper Property.

3. By paying Strategic $5 million by March 31, 2016 at which time Bonaparte shall own 100% of the Hopper Property subject to the 2% NSR royalty.

The Company has retained Archer, Cathro & Associates (1981) Limited of Vancouver, BC to carry out the exploration work as set out in the Hopper Property Technical Report completed by Protore Geological Services of Whitehorse, Yukon on May 3, 2011. The Company in consultation with Archer, Cathro and Protore has secured the equipment necessary to conduct a targeted percussion drilling program totaling approximately 2,220 meters in 74 holes to be followed by targeted diamond drilling. On site preparatory work will commence on June 15, 2011.

ON BEHALF OF THE BOARD OF DIRECTORS

Randy Saunders, CEO and Director

CAUTIONARY NOTE: FORWARD LOOKING STATEMENTS

Other than statements of historical fact, all statements included in this news release, including, without limitation, statements regarding the timing and content of upcoming work programs and future plans and objectives of Bonaparte are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those expected by Bonaparte are those risks described herein and from time to time, in the filings made by Bonaparte with Canadian securities regulators. Those filings can be found on the Internet at http://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.

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