BRU Brunswick Resources Inc

Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU),
(FRANKFURT:U7N1) is pleased to announce that Paul Ogilvie has joined the Company
as CEO with immediate effect. Mr. Ogilvie has been instrumental in building two
of the top players in the graphite space; Mega Graphite and Northern Graphite
and will now focus his efforts on developing the enormous potential within
Bolero Resources. 


With the announcement of Mr. Ogilvie as the new Chief Executive Officer of
Bolero, Mr. Duncan has resigned as President and CEO and has been appointed
Executive Chairman of the Company. 


Paul Ogilvie brings a wealth of knowledge in the graphite sector. For over 33
years, Mr. Ogilvie has been extensively involved in several start-ups and
well-established graphite companies including Mega Graphite where he previously
served as Chief Executive Officer, director and founder since 2009. Mr. Ogilvie
has developed world class technologies, setting a new standard in how the
graphite markets operate. In 2007, he led a private investment group in the
re-development and turnaround of Industrial Minerals Inc. (now known as Northern
Graphite Corporation (NGC-TSX.V)), a junior mining company whose mine is now
developing one of the largest large-flake natural graphite deposits in the
world.


"My focus will be building a brand, a fresh business model which includes
applying a name change of Bolero to "Canada Carbon Inc." with a newly designed
website targeted for June 2012. We will be putting in place the necessary human
resource capital and securing additional acquisition targets to set the Company
in full motion. Our engineering team is very confident that the quality of the
Company's graphite material will be considered as "best in class", Paul Ogilvie
said.  


Bolero Resources' Executive Chairman, R. Bruce Duncan, stated, "This is truly a
milestone event for Bolero Resources. The addition of Mr. Ogilvie as Bolero's
new Chief Executive Officer provides the Company with an unsurpassed technical
expertise in the graphite space. With Bolero's recent acquisition of the "Maria
Graphite" claims contiguous to Northern Graphite's "Bissett Creek" deposit, the
addition of Mr. Ogilvie to spearhead Bolero's upcoming 2012 graphite work
programs and Bolero's active pursuit of additional graphite acquisition targets,
we feel that this is a very exciting time for the Company. 


In addition to compensation payable to Mr. Ogilvie under a consulting agreement
entered into today, Mr. Ogilvie has been granted 1 million options under the
Company's stock option plan - which options have a strike price of $0.20 per
share and are subject to vesting over a six month period and are exercisable for
a five year period. 


About the Maria Graphite Claims 

Bolero's mineral claims are located in the Maria Township, 17 kilometres ("km")
from the Trans Canada Highway between the cities of Ottawa and North Bay,
Ontario. These claims cover an area of approximately 2,000 hectares (4,940
acres) and are contiguous to and completely surrounding the "Bissett Creek"
graphite deposit on all four sides. An extensive work program is now being
planned to commence shortly on these claims. 


On behalf of the Board of Directors 

R. Bruce Duncan, Executive Chairman

FORWARD LOOKING STATEMENTS: This news release contains forward-looking
statements, which relate to future events or future performance and reflect
management's current expectations and assumptions. Such forward-looking
statements reflect management's current beliefs and are based on assumptions
made by and information currently available to the Company. Investors are
cautioned that these forward looking statements are neither promises nor
guarantees, and are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These forward-looking
statements are made as of the date hereof and, except as required under
applicable securities legislation, the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. 


All of the forward-looking statements made in this press release are qualified
by these cautionary statements and by those made in our filings with SEDAR in
Canada (available at www.sedar.com).

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