BOLV Bolivar Mining Corp (CE)

Bolivar Mining (Pink Sheets:BOLV) is pursuing a joint venture with a major Chinese partner to mine gold deposits in Southern China. The gold deposits consist of three Cambrian Age alluvial placer deposits, and ancient tailing piles which date to the Han Dynasty around Jinzhuang, in Guangdong Province, China. Jinzhuang is located 220 km NW of Guangzhou, The Capital of Guandong Province and is easily accessible by modern highways. These deposits are located approximately 500 KM NW of Hong Kong. Bolivar�s Chinese partners provided results from 124 drillings, which were analyzed by ASL Chemex (http://www.alsglobal.com) in Canada. Samples were analyzed for gold using the AAS method. Chemex reports and analysis indicated reserves of 1,438,802 cubic meters, at an average concentration of 0.636 grams per metric ton, which translates to 1.879 metric tons of pure metallic gold. Based upon current market prices of gold, and the low production cost in China, these deposits could result in a multi-billion dollar joint venture project for Bolivar Mining. A final joint venture agreement is subject to further due diligence by Bolivar�s in-house and independent technical experts. Bolivar Mining CEO and President, Arshad Shah, visited these sites in November and concluded that the potential gold deposits warranted further investigation by BMC�s team of engineers, geologists, and mineralogists. This investigation will be lead by BMC�s Chief Engineering, Exploration, and Mining Officer, Michael Ellis, who has been involved in Chinese mining ventures since 1982. �This project has enormous potential for Bolivar�s Asian Mineral Exploration Program,� Mr. Ellis commented. �This is not a technically difficult or expensive gold extraction.� Bolivar Mining CEO and President, Mr. Arshad Shah, stated, �Based on the recommendations from our technical team I am very confident in this joint venture�s impact on Bolivar Mining, the increase in shareholder value it will bring, and the positive financial ramifications of our future Asian mining operations.� About Bolivar Mining Corp.: Bolivar Mining Corp is an exploration and mining company pursuing global mining prospects in five countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably. For more information, visit www.bolivarmining.com. Forward Looking Statement: Information in this press release may constitute forward-looking statements. BMC believes that the forward-looking statements are based upon reasonable assumptions however; it can give no assurance that its expectations will be achieved. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties. In addition, the Company's ability to accurately forecast its operating results, and its ability to achieve profitability or generate positive cash flow are uncertain. BMC assumes no obligation to update forward-looking statements that become untrue because of subsequent events. Readers are cautioned not to place undue reliance on these forward-looking statements. To schedule an interview with Arshad Shah, please email investor@bolivarmining.com