Boulder Mining Corporation

Boulder Mining Corporation

November 17, 2006 08:30 ET

Boulder Mining Changes Name to Opal Energy Corp

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 17, 2006) - Boulder Mining Corporation ("Boulder") (TSX VENTURE:BDR) is pleased to announce that shareholders voted overwhelmingly in favour of; 1) changing the name of Boulder Mining Corporation to Opal Energy Corp, 2) approving the continuance of Boulder from the Business Corporations Act (Ontario) to that of a British Columbia Corporations Act (British Columbia)and 3) approving the amendment to Boulder's Incentive Stock Option Plan such that the Company will allocate and reserve up to 10% of its issued common shares from time to time for the purpose of granting options under the Rolling Plan.

The name change to Opal Energy Corp will be registered shortly at which point Opal will request a new trading symbol. Opal's new website will be

HBS Resources Forum, Manchester, UK - November 18 and 19.

Ronald E. Oligney, CEO of Opal Energy will be presenting the keynote address - 'Energy, the Politics and the Reality' - at the HBS Resources Forum to be held in Manchester, UK on November 18 and 19. Opal Energy will also be presenting its business plan to this Forum.

In reference to his keynote address HBS Financial Planning states, "We believe that investing in energy is going to be hugely profitable over the next 5 years and in this presentation Ron Oligney cuts to the heart of the energy debate. He argues that the energy debate in the U.S. and Europe is persistently off base and coloured with outdated or simply outright wrong images."

"He will outline the 'unassailable basics' of the situation, dismissing several touted solutions that are not likely to have the full desired impact and then focus on key solution pieces that he believes will emerge with great consequence: liquefied natural gas, zero-emission power plants, the Canadian oil sands, 'fractal resources' and the 'trillion dollar' opportunity for petroleum production from the ultra deep water off the Gulf of Mexico."

HBS Resources Forum details can be viewed at:

Boulder Mining Corporation - Opal Energy Inc.

Boulder Mining Corporation, through its U.S. subsidiary Opal Energy Inc., offers an aggressive, disciplined and results-oriented vehicle to invest in the U.S. Exploration and Production "E&P" sector with a particular focus on natural gas exploration targets in South Texas. The business strategy is to build asset value through the drill bit, growing a production platform upon which will be superimposed some remarkable, high-impact exploration opportunities. Drilling inventory will be continuously enhanced by the implementation of a series of proprietary 3-D seismic shoots. Opal has attracted funding partners for an initial US$16 million South Texas exploration package that calls for drilling 10 wells and completing a 75 sq. mi. seismic shoot over the next 9 to 12 months. Interpretation of the seismic shoot is ultimately expected to uncover dozens of new high-quality drilling prospects starting in Q3-2007.

On behalf of the Board of Directors

Boulder Mining Corporation

John H. McAdam, President and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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