Bonaparte Resources Inc.
TSX VENTURE : BON

Bonaparte Resources Inc.

January 10, 2011 13:09 ET

Bonaparte Announces Property Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 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") announces that it has terminated its Option Agreement with ATAC Resources Ltd. ("ATAC") whereby ATAC granted to the Company an option to earn an undivided 50% interest in the Rosy Mineral property in the Whitehorse mining district in the Yukon Territory.

The Company is in the process of having a geological report for the Hopper Mineral property prepared in accordance with NI 43-101. Bonaparte has entered into an Option Agreement with Strategic Metals Ltd., whereby Bonaparte can acquire up to a 100% interest in the Hopper property located in the Whitehorse mining district, Yukon Territory.

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 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.

Contact Information