Bonaventure Enterprises Inc.
TSX VENTURE : BVT
FRANKFURT : YQG

June 03, 2009 10:00 ET

Bonaventure Enterprises Inc.: Assay Results From the 2008 Drilling on K9 Uranium Property, Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 3, 2009) - BONAVENTURE ENTERPRISES INC. ("Bonaventure" or the "Company") (TSX VENTURE:BVT)(FRANKFURT:YQG) is pleased to provide shareholders with a complete listing of U3O8 assay results from the Company's 2008 diamond drilling campaign on the K9 Uranium Property ("K9") in Quebec's James Bay Mining District. K9 is located 125 km N-NE of the community of Radisson (Quebec) approximately 1,400 km north of Montreal (Quebec).

In 2007, Bonaventure completed the Phase 1 exploration program of surface uranium validation that included a high resolution airborne magnetic-EM-radiometrics survey, a ground spectral (or radiometric) survey, blasted bedrock sampling and assaying, and compilation, synthesis, Phase 2 planning and reporting. Bonaventure identified 5 significant airborne eU (or an Equivalent Uranium values taken from ground spectral measurements and not chemical assays) anomalies along a 7 km by 675 m combined "A" and "B" Zones showing the best uranium potential at the time. The uranium bedrock footprint at surface of the combined "A" and "B" Zones averaged 0.14% (2.80 lbs/ton) U3O8 with whereas spectral readings averaging 0.05% eU3O8 (1 lbs/ton).

Between May and November 2008, Bonaventure completed 58 diamond drill holes totaling 7,787 m of the Phase 2 delineation drilling of the "A" and "B" Zones. Uranium mineralization with grades greater than or equal to 0.008% (0.16 lbs/ton) U3O8 were intersected 45 drill holes. A total of 10 holes did not intersect significant mineralization and 3 holes were abandoned due to difficult drilling conditions. Some 5,916 drill core samples were assayed for Uranium by the ALS Laboratory Group(i). Significant U3O8 intervals are outlined in the following table (for intervals greater than or equal to 0.008% U3O8):



DDH AZIMUTH /
FROM TO LENGTH U3O8 LENGTH DIP
DDH (m) (m) (m) (%) (m) (degrees)

K9-08-01 21.0 21.8 0.8 0.008 150 205/-60
27.0 29.0 2.0 0.009
76.1 77.1 1.0 0.010
80.1 80.6 0.5 0.009

K9-08-02 36.4 39.4 3.0 0.008 147 205/-60
92.1 92.6 0.5 0.010

K9-08-03 6.9 10.5 3.6 0.016 146 205/-60
19.2 24.9 5.7 0.010
19.0 24.9 6.0 0.009
52.8 57.9 5.1 0.025
61.9 63.4 1.5 0.008
97.3 108.5 11.2 0.013

K9-08-04 69.7 70.3 0.6 0.012 147 205/-60
80.4 80.7 0.3 0.015
94.0 94.8 0.8 0.013

K9-08-05 NSV 150 205/-60

K9-08-06 81.3 81.8 0.5 0.008 150 205/-60

K9-08-07 77.6 78.6 1.0 0.010 150 205/-60
89.4 96.1 6.7 0.019
incl. 91.9 92.7 0.8 0.138
and 92.4 92.4 0.3 0.399
and 94.1 96.1 2.0 0.009
117.3 118.1 0.8 0.017

K9-08-08 134.2 134.7 0.5 0.013 148 205/-60

K9-08-09(1) 5.1 6.1 1.0 0.014 292 205/-60
18.0 19.5 1.5 0.017
26.6 30.3 3.0 0.010
36.8 37.8 1.0 0.008
52.5 55.2 2.1 0.008
63.4 67.0 3.6 0.011
incl. 63.4 64.2 0.8 0.045
86.1 86.4 0.3 0.022
102.6 104.6 2.0 0.015

K9-08-10 47.4 48.4 1.0 0.009 145 205/-60
78.2 80.2 1.0 0.011

K9-08-11 41.4 42.4 1.0 0.008 300 205/-60
58.3 58.8 0.5 0.011
69.2 69.8 0.6 0.012
169.2 170.1 0.9 0.014
incl. 169.5 169.8 0.3 0.040
184.0 185.1 1.1 0.011
202.5 203.3 0.8 0.052
250.2 252.3 2.1 0.008
261.1 262.7 1.6 0.008

K9-08-12 6.5 6.8 0.3 0.019 224 205/-60
16.3 19.0 2.7 0.008
22.3 22.5 0.2 0.015
37.5 38.3 0.8 0.012
146.0 148.3 2.3 0.008
215.8 216.5 0.8 0.008

K9-08-13 12.4 16.3 3.9 0.018 198 205/-60
69.8 70.5 0.7 0.009
96.6 97.0 0.4 0.017
99.5 102.5 3.0 0.009
incl. 99.6 100.4 0.8 0.024
112.0 112.3 0.3 0.010
127.5 134.3 6.8 0.014
incl. 128.7 130.3 1.6 0.027
and 130.6 131.8 1.2 0.020
and 133.5 134.3 0.8 0.018

K9-08-14 65.4 65.7 0.3 0.012 150 205/-60
67.3 67.8 0.5 0.011

K9-08-15 NSV 150 205/-60

K9-08-16 NSV 149 205/-60

K9-08-17 145.7 147.3 1.6 0.008 150 205/-60
incl. 146.8 147.3 0.5 0.025

K9-08-18 45.3 45.6 0.3 0.035 152 205/-60

K9-08-19 10.6 11.3 0.7 0.014 148 205/-60
64.3 67.3 3.0 0.009
incl. 64.3 64.8 0.5 0.019
and 66.3 67.3 1.0 0.016
136.2 137.7 1.5 0.009

K9-08-20 47.0 48.0 1.0 0.012 149 270/-60
64.8 66.0 1.2 0.013
72.8 73.5 0.8 0.014

K9-08-20A 15.0 16.3 1.3 0.009 48 205/-60

K9-08-21 37.0 44.9 7.9 0.008 174 205/-60
incl. 40.9 42.2 1.3 0.034
50.9 54.5 3.6 0.008
67.1 70.4 3.4 0.008
incl. 67.1 67.8 0.7 0.029
159.5 160.0 0.5 0.008

K9-08-22 NSV 150 206/-60

K9-08-23 NSV 150 240/-60

K9-08-24 29.8 31.5 1.7 0.012 150 205/-60
45.3 51.0 5.7 0.011
75.0 76.0 1.0 0.008

K9-08-25 16.3 16.8 0.5 0.017 42 205/-60

K9-08-26 ND

K9-08-27 ND

K9-08-28 ND

K9-08-29 ND

K9-08-30 7.0 10.5 3.5 0.009 126 206/-54
28.3 28.7 0.5 0.014
102.0 103.0 1.0 0.011

K9-08-31 60.8 61.7 0.9 0.008 127 213/-56

K9-08-32 ABAN 18 205/-60

K9-08-33 49.0 56.5 7.5 0.009 123 211/-58

K9-08-34 NSV 126 205/-60

K9-08-35 8.5 10.0 1.5 0.009 89 205/-60

K9-08-36 4.5 7.0 2.5 0.009 124 206/-50
26.3 30.0 3.7 0.008
63.3 63.6 0.3 0.014

K9-08-37 101.0 108.5 7.5 0.008 125 205/-53

K9-08-38 NSV 126 207/-54

K9-08-39 24.5 31.2 6.7 0.009 112 205/-60
73.3 76.0 2.8 0.011

K9-08-40 92.0 94.4 2.4 0.010 124 205/-60
102.0 105.0 3.0 0.012
123.0 124.4 1.4 0.012

K9-08-41 114.0 117.0 3.0 0.010 125 203/-55

K9-08-42 4.5 11.5 7.0 0.008 124 213/-52
24.0 24.8 0.8 0.011
96.5 100.5 4.0 0.011

K9-08-43 71.5 72.6 1.1 0.010 126 193/-55
78.5 84.5 6.0 0.008

K9-08-44 27.5 31.0 3.5 0.008 125 195/-51
105.5 106.5 1.0 0.009

K9-08-45 66.5 81.5 15.0 0.010 82 205/-60

K9-08-46 120.5 122.0 1.5 0.013 125 203/-55

K9-08-47 15.5 17.6 2.1 0.011 125 202/-58

K9-08-48 NSV 125 202/-54

K9-08-49 29.0 30.5 1.5 0.008 125 216/-55
39.5 44.5 5.0 0.009

K9-08-50 NSV 122 200/-54

K9-08-51 83.0 94.0 11.0 0.011 125 211/-56
123.0 125.2 2.2 0.009

K9-08-52 7.4 19.5 12.1 0.009 127 205/-60
34.5 36.2 1.7 0.010

K9-08-53 9.5 11.0 1.5 0.011 126 211/-60

K9-08-54 ABAN 20 205/-60

K9-08-55 42.5 44.0 1.5 0.008 125 215/-58

K9-08-56 ABAN 21 205/-60

K9-08-57 125.0 126.0 1.0 0.008 126 208/-59

K9-08-58 NSV 112 205/-60

K9-08-59 74.8 76.3 1.5 0.010 126 204/-62

K9-08-60 4.5 7.5 3.0 0.008 24 205/-60

K9-08-61 NSV 126 203/-61

K9-08-62 ND

K9-08-63 NSV 124 205/-60

K9-08-64 ND

K9-08-65 70.5 71.0 0.5 0.016 74 205/-60

(i) Bonaventure has in place a rigorous QA/QC program consistent with
National Instrument 43-101 and using best industry practice. The ALS-Chemex
Laboratory of Val-d'Or (Quebec) and Vancouver (British Columbia) is
responsible for all of Bonaventure's assaying for the K9 Uranium Property
using the ME-MS61 (Mass Spectrometer) Elements Assay Protocol. Standards,
blank and duplicate samples were added for Quality Assurance and Quality
Control.

Notes

- NSV - No significant values greater than or equal to 0.008% or greater
than or equal to 0.16 lbs/ton U3O8
- ABAN - Abandoned drill hole due to difficult drilling conditions
- ND - drill hole not drilled due to poor access
- Grey shaded intervals indicate assays were previously released on
July 10, 2008
- 36 core samples from drill hole K9-08-09 were lost and subsequently not
assayed
- 13 core samples from drill hole K9-08-16 were lost and subsequently not
assayed
- 60 core samples from drill hole K9-08-58 were lost and subsequently not
assayed


About Bonaventure Enterprises

Bonaventure Enterprises Inc. (TSX VENTURE:BVT) is a mineral exploration company focused on developing a diversified portfolio of uranium properties in Canada and promising gold properties in Nevada, with the goal of establishing National Instrument 43-101 compliant Mineral Resources in the near term.

The property portfolio consists of uranium and gold exploration assets. The Company has a 100% interest in the flagship K9 Uranium Property located in the James Bay region in Quebec, as well as other uranium assets located in the North Shore region of Quebec and in the Athabasca Basin in Saskatchewan.

The Company holds highly prospective gold exploration properties in Nevada with the potential to host Carlin-type gold deposits. The Company has an option agreement to acquire up to 60% interest in the New Pass Property located in Austin, Nevada and the Squaw Creek Property located on the northern extension of the Carlin Trend in northern Nevada. The New Pass and Squaw Creek and properties are under a joint venture with White Knight Gold (U.S.) Inc., a wholly owned subsidiary of U.S. Gold Corporation (TSX:UXG).

The information of a scientific or technical nature contained in this news release has been prepared and verified under the guidance of, and approved by, Jean Lafleur, P. Geo., President and CEO and a Director of Bonaventure, who is the Company's Qualified Person under National Instrument 43-101 standards.

On behalf of the Board of Directors

Jean Lafleur, P. Geo., President and CEO, Director

The Company's public documents may be accessed at www.sedar.com

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to the uranium mineralization, planned exploration programs, objectives and goals and the possible establishment of Mineral Resources. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the realized mineralization, dipping and depths and the timing and results of planned exploration programs.

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

  • Bonaventure Enterprises Inc.
    Jean Lafleur, P. Geo.
    President and CEO, Director
    (604) 718-2800
    (604) 718-2808 (FAX)
    www.bonaventure.us