Bolivar Mining Corp Pursues Joint Venture with Chinese Partners over Major Gold Deposits in Southern China

  
    
  
  
    
      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 [e-mail]