Bolero Resources Corp.: Drilling Program Completed at Red Chris South Prospect

Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU),
(FRANKFURT:U7N1) announces the completion of drilling at the "Red Chris South"
prospect, located in northwest British Columbia. Mineralized intervals, in holes
2 and 3, have been logged, split and shipped to Acme Analytical Laboratories
Ltd. in Vancouver, BC for multi-element analyses. The "Red Chris South" prospect
is contiguous to Imperial Metals Corporation's (III-TSX) "Red Chris" copper-gold
discovery that announced drill intercepts of 1024.1 metres, grading: 1.26 g/t
Gold 1.01% Copper and 528.7 metres, grading: 1.97g/ton Gold and 1.13% Copper, in
April 2010.


Red Chris South Map: http://www.boleroresources.com/docs/red_chris_property.pdf

Bolero has now completed approximately 1,100 metres of drilling to date, with
two holes targeting the western IP anomaly and one hole targeting the eastern IP
anomaly that contains a coincident Mobile Metal Ion (MMI) copper-gold anomaly,
identified during the 2010 geophysical and geochemical surveys.  


Bolero Resources' President and CEO, R. Bruce Duncan, stated "We are greatly
encouraged by our initial drilling at "Red Chris South." This prospect is in
close proximity to Imperial Metals' neighboring "Red Chris" copper/gold
discovery and could be a flagship project for Bolero. We anticipate analytical
results from this program to be available shortly as well as the completion of
the airborne survey on the "Carbonatite Syndicate" REE prospect. Drilling is
expected to commence shortly on the "Carbonatite Syndicate" REE prospect to test
multiple significant targets identified through extensive 2010 sampling and
surveying. All of Bolero's 2011 drill programs are fully funded, with drill
permits now in place." 


Dr. Roger Steininger, Ph.D., CPG (AIPG), a Company Director, is the "Qualified
Person" (as such term is defined by NI 43-101) responsible for the preparation
of the technical information in this release. 


About Bolero Resources Corp. 

Bolero Resources Corp. is a Canadian Gold and Rare Earth exploration and
development company. Our primary assets include: 100% interest in the Red Chris
South prospect, covering over 13,000 acres in north-western British Columbia,
contiguous to Imperial Metals Corporation (III-TSX) and; the "Carbonatite
Syndicate" consisting of 211 mineral claims prospective for REE covering over
222,415 acres contiguous to Spectrum Mining Corporation in northern British
Columbia and; the "Charge" British Columbia REE prospect and; 2 separate quartz
claim blocks covering over 6,500 acres in the "White Gold District" of the
Yukon. The Company is listed on the TSX-Venture Exchange under the symbol BRU as
well as the Frankfurt Exchange under U7N1. For more information, please visit:
www.boleroresources.com or contact Investor Relations Toll Free. 


On behalf of the Board of Directors 

R. Bruce Duncan

President & CEO