Chinese Government Issues Drilling License to Explore and Drill Four Major Gold Deposits in Southern China

  
    
  
  
    
      Bolivar Mining (Pink Sheets:BOLV) announced today that it has 
      reached an understanding to explore and drill four additional gold 
      bearing targets in southern China in the first half of 2008. The Company 
      announced earlier that it has acquired a 40% interest in one of the Gold 
      producing area, Red Dragon 1. Red Dragon 1 is one of four mine sites at 
      the Red Dragon Property.
    
    
      The drilling and production license for the Red Dragon Property was 
      issued by the provincial government of the Guangdong Province. The 
      license is valid for three years, after which it will be renewed 
      provided all the parties involved comply with rules and regulations. The 
      drilling and production permit encompasses area identified in the 
      original application, which management believes contains substantial 
      gold reserves.
    
    
      “Obtaining mining permits in China is a 
      lengthy, costly, and complicated process,” 
      said Bolivar Mining CEO and President, Arshad Shah. “China 
      can be a challenging place to do business. Governmental and industry 
      contacts are essential to establish business relationships and 
      accomplish critical milestones and fulfill our obligations. Through our 
      Chinese joint venture partners, we have firmly established our presence 
      in the region. We are very pleased to report on our approval from the 
      provincial government in the Guangdong Province to drill and explore 
      these three gold deposits. We are very excited about the enormous 
      potential in this region.”
    
    
      About Bolivar Mining:
    
    
      Bolivar Mining Corp is an exploration and mining company pursuing global 
      mining prospects in five countries on three continents. By streamlining 
      operations, 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 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. The Company's ability to accurately 
      forecast its operating results, 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.