NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Bonaparte Resources Inc. (TSX VENTURE:BON) is pleased to announce that Dr. Tom
McCandless and Mr. Mike England, both of Vancouver BC, have joined the Board of
Directors of the Company. 


Dr. McCandless has more than 30 years of experience in the exploration industry,
and was part of the Senior Management of Ashton Mining of Canada who discovered
the Renard kimberlites in Quebec that are slated to become Quebec's first
diamond mine. From 2008 to the present, Dr. McCandless has been a consultant to
the industry through MCC Geoscience, Inc., for diamond and metals projects in
North America, South America, Africa, and Scandinavia. Dr. McCandless also holds
the position of Adjunct Professor at the University of Arizona and the
University of Alberta, and has published extensively on the geochemistry of ore
deposits. He currently sits on the board of numerous public mining exploration
companies and is also a Qualified Person as defined by National Instrument
43-101.


Mr. England became involved in the public markets in the early 1980's, becoming
licensed and working with firms such as Richardson Greenshields and RBC Dominion
Securities. Since 1995, Mr. England has been involved with public companies and
holds or has held various corporate directorships. In this capacity, he has been
instrumental in numerous mineral and resource property acquisitions and
financings and has raised in excess of $30 million to date for exploration and
acquisitions.


"We are excited to have Dr. McCandless and Mr. England join our Board of
Directors as their extensive experience and knowledge of mineral exploration
will be a valuable asset to the Company," said Randy Saunders, Bonaparte's Chief
Executive Officer. 


The Company is also pleased to announce a non-brokered, private placement of
common share units for estimated gross proceeds of up to $700,000. The offering
is expected to close by July 31, 2012. The Company only plans to offer the units
to residents in British Columbia, Alberta and Ontario and in such other
jurisdictions where the units may be sold. The offering is subject to TSX
Venture Exchange and other regulatory approvals.


The offering consists of common share units at $0.10 per unit (each unit
consisting of one common share and one warrant, with each warrant entitling the
holder thereof to purchase one common share at an exercise price of $0.15 for a
period of 24 months). The units will be sold pursuant to various exemptions from
the prospectus and registration requirements of applicable securities laws, and
in Canada will be subject to a four-month hold period. Proceeds from the
offering will be used for exploration on the Company's Hopper Property in the
Yukon Territory and for general working capital.


Any finders' fees or commissions paid by the Company will be paid in accordance
with the policies of the Exchange.


ON BEHALF OF THE BOARD OF DIRECTORS

Randy Saunders, CEO and Director

CAUTIONARY NOTE: FORWARD LOOKING STATEMENTS. Other than statements of historical
fact, all statements included in this news release, including, without
limitation, statements regarding closing a flow through financing are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such
statements. Factors that could cause actual results to differ materially from
those expected by Bonaparte are that investors may not invest because they don't
view our new project as valuable, markets may change or for other reasons; we
may also not close the private placement because of those risks described herein
and from time to time, in the filings made by Bonaparte with Canadian securities
regulators. Those filings can be found on the Internet at http://www.sedar.com.


Bonaparte Resources Inc. (TSXV:BON)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Bonaparte Resources Inc. Charts.
Bonaparte Resources Inc. (TSXV:BON)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Bonaparte Resources Inc. Charts.