Bolivar Mining Corp Operations Update

VANCOUVER, Jan. 10  /PRNewswire-FirstCall/ -- Bolivar Mining Corp. (BOLV.PK) announces to communicate with our current and future shareholders about our current operational update. "It is key to communicate to our shareholders, especially while in the early development stage of our emerging company", BMC's CEO and President, Arshad Shah commented.

  1.  About Bolivar Mining Corp.

      Though the name and business change happened in November 2007, BMC
      wanted to dive a little deeper and share more history on this major
      milestone in our business.

      In March 2007, Mr. Shah took over as CEO of Denim Apparel Group, a
      trading vehicle to become Bolivar Mining Corp to raise operational
      capital for purchasing mining rights for known deposits. Bolivar
      Mining Corp does not have any current or past connections and was
      never a member of the management/ownership team of the predecessor
      companies.

      Bolivar Mining has decades of mining development experience and has
      recruited two major players in the field, Michael M. Ellis and
      Dr. Robert B. Cook, Jr. We are planning to add more talent to our
      geotechnical team shortly and begin a major assessment initiative for
      our known metal deposit inventory, which we discuss later in this
      release.

  2.  An update from our Chief Mining Officer, Michael M. Ellis

      Why should anyone invest in Bolivar, through the purchasing of the
      company's stock? The answer is straightforward and not very complex.
      The world is fast running out of resources, due to the fact that many
      former second and upcoming developing countries with huge populations
      have now matured economically to the point that they desire a modern
      Western lifestyle infused in their culture. Mr. Arshad Shah has long
      realized this dilemma and the opportunity to earn an economic return
      by efficiently addressing this problem. Through Bolivar Mining
      Corporation, Mr. Shah has assembled a highly experienced technical
      team well versed in the business of metal exploration and mining on
      international scale. To date, only three members of the core five
      member technical team have been announced publicly. Up until this
      press release, I have not discussed the metal deposit projects in
      detail that our technical team is currently evaluating spanning eight
      countries.

      Why? Bolivar Mining Corporation DOES NOT work in a vacuum...

      Our industry is full ambitious competitors, who would love nothing
      more than to acquire the metal deposits that our technical team has
      spent years locating and evaluating. Additionally, it is not just the
      metal reserves contained within these deposits that I have to be
      concerned about; we need to ensure Bolivar has the operational
      capacity to mine these deposits efficiently. If Bolivar is not the
      better, faster and least expensive and cost effective company to
      develop a certain deposit, then I have to find a suitable joint
      venture partner who can be. Alternatively, if internal mining or a
      joint venture is proven not possible for the benefit of our
      shareholders, Bolivar will then package the deposit project based on
      the completed geological, mineralogical, and engineering analysis.
      Then we sell the metal deposit to someone who would be the most
      efficient producer based on the characteristics of that particular
      deposit.

      This all takes time and it has to be done correctly. Until we have
      signed and in many cases correctly translated binding legal
      agreements, followed by completed diamond core drilling, geophysics,
      certified mineral sample analysis from the entire deposit and not
      from some select highly mineralized zone, completed geological
      mapping and a complete mineralogical formation report, and have the
      mining engineering evaluations in hand, I can not, and will not,
      disseminate the exact details of a deposit.

      However, at this time I am able to tell our investors that our
      technical team is evaluating a number of known metal deposits, as
      follows:

      -  Several significant to highly significant deposits of Rare Earth
         Elements (REE) located in Turkey and the United States (Southwest
         Georgia and California).

      -  Gold deposits that Bolivar can mine and be very profitable in
         doing so, even if the price of gold drops to $300.00 to $350.00 a
         troy oz. These gold deposits are located in the U.S. (Montana),
         Peru, Argentina, and Southern China. The placer deposits in
         Southern China will be evaluated by our technical team during the
         first quarter of 2008. Our technical team will randomly select
         fourteen sample sites within the placer deposit. We will then dig
         an exact one cubic meter-sampling hole for each of the 14 sampling
         sites. The contents of each one cubic meter sample will be
         carefully weighted individually and then panned for its gold
         content. The gold retrieved from each of the 14 placer deposits
         that we sampled will be individually tagged to that sample and
         weighed. From the weight of each of the one cubic meter deposit
         sampled vs. the weight of the gold retrieved from each sample, we
         can calculate the amount of gold in each of the 14 samples based
         on gram(s) per metric tonne. From this, we can extrapolate the
         amount of gold we expect to recover from the placer deposit.

      -  In Peru, Argentina, and Southwest Ecuador we are evaluating
         several significant carnotite and Uraninite group mineral
         deposits.

      -  Our technical team is evaluating a major deposit of manganese ore
         located in Peru.

      -  In Montana, we are evaluating a Molybdenite deposit.

      -  In Chile, we are currently analyzing a profitable deposit of
         Wolframite (iron-manganese tungstate).

      -  Several significant Chromium (Chromite) deposits are being
         reviewed in Turkey.

      -  The technical team is also conducting a detailed study of a major
         iron deposit in Argentina.

      -  Several silver deposits located in Argentina and Peru.

      -  Lastly, there are two locations in Brazil, and one in North
         Carolina and Oregon that the technical team is assessing deposits
         of Hafnium with Zirconium, which I feel will prove to be
         substantial.

      As contracts are signed and information becomes available, Bolivar
      Mining will announce the exact location of each deposit, and after
      careful evaluation, the deposit reserve estimates. It is our intent
      to keep Bolivar's investors up to date and will strive for as much
      project transparency as possible without compromising current and
      future deposits.

  About Bolivar Mining Corp.:
  ---------------------------


Bolivar Mining Corp, is a metals mining and exploration company engaged in global mining projects in over seven 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 or have overlooked, thus allowing access to bring rich mineral reserves to the global market. For more information, visit our website at http://www.bolivarmining.com/.

  Forward Looking Statement:
  --------------------------


Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although BMC believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, 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, including, but not limited to, the continued mineral prices at historical rates, costs of operations, delays, mineral reserves and revenues to be derived there from, plans to mine additional mineral reserves, acquisition of additional mineral reserves, maintaining mineral lease rights, continued maintenance of the mines, mining operations and other properties, price of minerals, marketing and sales of minerals mined, government regulation, future financial and operational results, competition, general economic conditions, and the ability to manage continued growth. 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 or supplement 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 

CONTACT: Bolivar Mining Corp., Arshad Shah, CEO and President, [phone], www.bolivarmining.com,  

DATASOURCE: Bolivar Mining Corp.



CONTACT: Bolivar Mining Corp., Arshad Shah, CEO and President, (604)

687-7492, http://www.bolivarmining.com/, 

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