Boulder Mining Corporation

Boulder Mining Corporation
Opal Energy Inc.

October 30, 2006 13:48 ET

Boulder Mining Corporation and Opal Energy Inc.: Appointment of Stephen P. Hoover as Vice President, Geophysics

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 30, 2006) - Opal Energy Inc., ("Opal"), a subsidiary of Boulder Mining Corporation, ("Boulder"), (TSX VENTURE:BDR), is pleased to announce the appointment of Stephen P. Hoover, M.Sc., to the position of Vice President, Geophysics. Mr. Hoover joins the Opal Energy Inc. exploration group in Katy, Texas.

Mr. Hoover brings to Opal more than 30 years of experience on the Texas Gulf Coast managing all geophysical aspects of an integrated exploration and production company, including seismic acquisition programs and exploratory prospect generation. He spent 24 years with the Coastal Corporation, and then El Paso after the US$ 24 billion merger that created the nation's fourth-largest energy company in 2001. Mr. Hoover held various staff and management positions, culminating in the position of Chief Geophysicist, responsible for world-wide geophysical activities.

According to Ron Oligney, Boulder CEO, "Stephen's talents are integral to our plans to establish and grow Boulder-Opal as a world class exploration company. He has been at the point of key decision making in a successful multi-billion dollar E&P enterprise; a destination embraced by Opal's talented management team."

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. 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.

Effective November 21 or so, Boulder intends to change its name to Opal Energy Corp, request a new trading symbol and unveil its new website under the address

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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