Bolivar Mining Secures 40% Interest in Producing Gold Mine in China

  
    
  
  
    
      Bolivar Mining (Pink Sheets:BOLV) announced previously that it was 
      examining potential joint venture mining operations in Southern China. 
      The Company has recently secured a 40% interest in the 
      currently-producing Red Dragon 1 gold mine for $500,000 USD.
    
    
      “We are pleased to announce that we have 
      secured a 40% interest in the gold producing mine,” 
      stated Bolivar Mining Corp’s CEO and 
      President, Arshad Shah. “This event represents 
      a significant milestone in the development of our operations in China.”
    
    
      “Current mining methods at the Red Dragon 
      mines can be traced to the Han Dynasty, many centuries ago. I visited 
      these sites in November 2007, and concluded that the potential output, 
      through the implementation of modern mining methods would increase many 
      times over. The recent investment of more than $1 million in modern 
      technology and equipment should substantially increase production at Red 
      Dragon 1 from approximately $3,000 per day in revenues to approximately 
      $17,000 per day based on current gold prices.
    
    
      Red Dragon 1 is one of four mine sites that comprise the Red Dragon 
      Mining Property in and around Jinzhuang China. Jinzhuang is close to 
      Guangzhou, the capital of Guandong Province and is easily accessible by 
      modern highways.
    
    
      Red Dragon 1 is currently generating revenues of approximately $3,000 
      per day through gold mining methods that are crude by today’s 
      standards. Bolivar has already implemented modernization operations to 
      increase gold production at Red Dragon 1, as a managing partner. Bolivar 
      believes the introduction and implementation of modern mining equipment 
      and techniques will result in production increases exceeding five-times 
      current production.
    
    
      Further investigation and due diligence of the property and surrounding 
      region are being conducted by Bolivar’s 
      experienced team of engineers, geologists, and mineralogists.
    
    
      About Bolivar Mining Corp.:
    
    
      Bolivar Mining Corp, is an exploration and mining company seeking global 
      mining prospects in over 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, thus creating an opportunity to extract and 
      sell precious minerals to the global market. For more information, visit 
      our website at www.bolivarmining.com.
    
    
      Forward Looking Statement:
    
    
      Information in this release may constitute forward-looking statements 
      within the Private Securities Litigation Reform Act.
    
    
      BMC can give no assurance that its expectations will be achieved.
    
    
      Forward-looking statements are inherently subject to unpredictable and 
      unanticipated risks, including the mineral prices, costs of operations, 
      delays, acquisition of additional mineral reserves, maintaining lease 
      rights, continued maintenance of mining operations, price of minerals, 
      government regulation, competition, and general economic conditions.
    
    
      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.