SOURCE: Bonanza Goldfields Corporation

Bonanza Goldfields Corporation

December 15, 2011 07:00 ET

Dr. Madan M. Singh Joins Bonanza Goldfields Advisory Team

PHOENIX, AZ--(Marketwire - Dec 15, 2011) - Bonanza Goldfields Corp. (PINKSHEETS: BONZ) ("Bonanza" or the "Company") is pleased to announce Dr. Madan M. Singh, former Director of the Arizona Department of Mines and Mineral Resources, has joined the Bonanza Advisory Board.

Dr. Madan M. Singh served as Director of the Department of Mines and Mineral Resources for the State of Arizona from August 2005 through January 2011. He served under Governor Napolitano (now Secretary of US Department of Homeland Security) and Governor Jan Brewer. Singh has a Ph.D. in mining engineering and is a registered Professional Engineer in Arizona. His research areas of expertise encompass aspects of mining, geotechnical engineering, tunneling, subsidence, environmental studies, and other related fields. He has testified before Congressional Committees and served on Legislative Committees to update Arizona's mining regulations.

Prior to joining the Department of Mines and Mineral Resources, Singh had over 30 years experience operating a consulting engineering firm. He was on the mining faculty of Penn State, and was a pioneer in the field of mine subsidence engineering in the United Sates developing a new graduate level program devoted solely to subsidence. Singh has performed several projects for the US Bureau of Mines, Office of Surface Reclamation and Enforcement, US Nuclear Regulatory Commission, and the US Department of Energy. He has worked on various aspects of mine operations and planning, ventilation, safety, and transfer of NASA technology.

Singh has authored 129 technical papers in addition to serving as chapter author on mine subsidence in the SME Mining Engineering Handbook and Mining Environmental Handbook. Singh has been involved with a variety of professional organizations, including National Director of the American Consulting Engineers Council, President of the Consulting Engineers Council of Illinois, member of the Board of Directors of the Society for Mining, Metallurgy, and Exploration, Inc. (SME), Chair of the SME Coal Division, and Chair of the American Society for Testing and Materials subcommittee on rock strength.

In 1996 Singh was named a Centennial Fellow by the College of Earth and Mineral Sciences at Penn State. He was honored with the Robert Stefanko Distinguished Achievement Award by the Department of Energy and Geoenvironmental Engineering in 1999. He won the Howard N. Eavenson Award from the SME in 2000, was selected as their Distinguished Member in 2004, and was installed in the SME Legion of Honor in 2005. He has been selected to receive the 2011 SME Rock Mechanics Award. Since 2010, he has served on the Structure and Governance Committee of the SME, and is Vice-Chair of the Research Committee. In May 2011 he was chosen by the SME Maricopa Section as the Local Section Hero.

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Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Scott G. Geisler
President and CEO

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