Bolero Retains Falcon Drilling for Multiple 2011 Drill Programs

Bolero Resources Corp. (the "Company" or "Bolero") (TSX
VENTURE:BRU)(FRANKFURT:U7N1) announces that it has retained Falcon Drilling Ltd.
("Falcon") to conduct multiple drill programs during 2011 on its gold, copper,
and rare earth element projects located in British Columbia, Canada. 


In 2009, while working with Spectrum Mining Corporation on their "Wicheeda" rare
earth element project, which is contiguous to Bolero's "Carbonatite Syndicate"
rare earth element ("REE") project, Falcon intercepted significant grades
including a 48.64 metre interval which averaged 3.55% REE, a 72.0 metre interval
that averaged 2.92% REE, and a 144 metre interval which averaged 2.20% REE in
three separate drill holes.


Bolero Resources' President and CEO, R. Bruce Duncan, stated, "We are pleased to
be working with Falcon Drilling throughout this very active 2011 season. Falcon
Drilling is not only widely regarded as international drilling experts but they
have experience drilling a discovery hole on mineral claims contiguous to our
'Carbonatite Syndicate' Rare Earth prospect, while drilling for Spectrum Mining
in 2009. Bolero's drilling plans for 2011 include the 'Red Chris South' prospect
contiguous to Imperial Metals' 'Red Chris' copper/gold discovery, the
'Carbonatite Syndicate' REE prospect, and the 'Charge' REE prospect, all located
in British Columbia. Drilling is fully funded, drill permits are in place, and
drilling will commence shortly following final drill target definition, achieved
through large scale sampling, IP surveying and multiple airborne surveys."


Bolero's drilling on the "Carbonatite Syndicate" project will be preceded by
several large scale geophysical and radiometric airborne surveys, anticipated to
commence in June 2011. These geophysical and radiometric airborne surveys will
consist of over 7,000 line kilometres to be flown at 200 and 100 metre line
spacing. The airborne surveys will focus on further defining high priority REE
drill targets contiguous to Spectrum Mining's Wicheeda REE discovery and
identifying drill targets on Bolero's Charge REE prospect that contains the
highest Lanthanum (La) (1146 ppm), Yttrium (Y) (647 ppm), and second highest
Cerium (Ce) (1247 ppm) REE soil samples in the province of British Columbia's
Regional Geochemical Survey (BCRGS) database.


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 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.


On behalf of the Board of Directors

R. Bruce Duncan, President & CEO