Bonaparte Resources Inc.
TSX VENTURE : BON

Bonaparte Resources Inc.

December 17, 2010 15:46 ET

Bonaparte Announces Revised Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2010) - Bonaparte Resources Inc. (TSX VENTURE:BON) -

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Bonaparte Resources Inc. ("Bonaparte" or the "Company") announced today that it has revised the terms of its previously announced non-brokered, private placement of flow-through units. As revised, the private placement will be increased for gross proceeds of $1,200,000. The offering will be conducted on a best-efforts basis and is expected to close by December 30, 2010. The Company only plans to offer the units to residents in British Columbia, Alberta and Ontario and in such other jurisdictions where the units may be sold. The offering is subject to TSX Venture Exchange and other regulatory approvals.

The offering consists of flow-through units at $0.40 per unit (each unit consisting of one common share and one-half of one warrant, with each whole warrant entitling the holder thereof to purchase one common share at an exercise price of $0.50 for a period of 12 months). The units will be sold pursuant to various exemptions from the prospectus and registration requirements of applicable securities laws, and in Canada will be subject to a four-month hold period. Proceeds from the offering will be used for exploration on the Company's Hopper Property in the Yukon Territory and for general working capital.

Any finders' fees or commissions paid by the Company will be paid in accordance with the policies of the Exchange.

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 closing a flow through financing 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 that investors may not invest because they don't view our new project as valuable, markets may change or for other reasons; we may also not close the private placement because of 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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