BOLERO RESOURCES CORP. ANNOUNCES CHANGES TO BOARD OF DIRECTORS AND CORPORATE UPDATE ON SILVER CREEK AND BALD BUTTE

February 27th, 2008, Vancouver, BC, Canada - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX-V: BRU) is pleased to announce changes to its Board of Directors effective February 27th, 2008 as follows:

• R. Stuart "Tookie" Angus, LLB, who is currently an independent director, will now become Chairman of the Board of Directors;
  
• Glenn Laing, an experienced mining executive will become an independent director;
  
• Dr. Roger Steininger, Ph.D., a well known consulting geologist, will join the Board of Directors as an independent Director.

In connection with these Board of Director changes, Bolero announces the resignation of Mr. Robert Gardner, Q.C. (formerly its Chairman of the Board) and Mr. Brian Davis, Q.C. from the Board of Directors.  Bolero thanks Messrs. Gardner and Smith for their past service to the Company.

Mr. R. Bruce Duncan, President & CEO of Bolero stated, "We are delighted to have both Glenn and Roger join our Board at this pivotal point in Bolero's history. With their tremendous experience and the world class moly assets that Bolero has, it bodes well for all shareholders."

Mr. Glenn Laing received a B.Sc (Engineering Mining Geology) from the University of Witwatersrand, South Africa in 1973 and a M.Sc (Mining Engineering) from the Colorado School of Mines in 1976.  Mr. Laing has over 30 years experience in the management and financing of companies in the natural resource industry. He is the President of Silverbridge Capital Inc., a position he has held since December 1999. He currently serves as President, CEO and a director of Glass Earth Limited; President, CEO and director of Jumbo Petroleum and a director of Southern Hemisphere Mining Limited (formerly Youandi Capital Corp.).   He has previously served as President, CEO and a director of St. Andrew Goldfields Ltd. from March 2001 to September 2007; President, CEO and a director of Heritage Explorations Ltd. from May 2001 to August 2005; President, Co-CEO and a director of Geoinformatics Explorations Ltd. from July 2002 to April 2005; President, CEO and a dire ctor of Sanatana Diamonds Inc. from July 2004 to November 2006; and director of Luiri Gold Limited from April 2006 to December 2006.

Dr. Roger C. Steininger Ph.D., has more than 40 years experience in the minerals industry.  During Dr. Steininger's early career he was employed by the Climax Molybdenum Company and worked on many of the major molybdenum deposits in North America.  During that period he was associated with several molybdenum discoveries and development programs.  Since leaving Climax, Dr. Steininger had a senior management position with a major mineral company, Amselco Minerals and for the last 20 years has maintained a consulting geologist practice.  As part of Dr. Steininger's consulting practice, he has continued his involvement with molybdenum exploration and development programs in association with several major mining companies.  Dr. Steininger is a recognized authority on the geology of molybdenum deposits and has published extensively on the subject.

Dr. Steininger is a Certified Professional Geologist - having received such designation from the American Institute of Professional Geologists in 1987.  Dr. Steininger received his Ph.D. in Geology from Colorado Sate University in 1986; a M.S. in Geology from Brigham Young University in 1966 and a B.S. in Geology from Western Michigan University in 1964.

Bolero also announces that Thomas A. Fenton, a partner of the law firm Aird & Berlis LP, has been appointed as Corporate Secretary.

Update regarding Silver Creek Molybdenum Deposit in Rico, Colorado

Bolero also announces that it has terminated its previously announced (October 15, 2007) proposed transaction to acquire certain minerals rights (the "Rico Properties") that host the Silver Creek molybdenum project and other copper-gold occurrences located in the Pioneer Mining District, Dolores County, approximately 20 miles southwest of Telluride and just east of Rico, Colorado.  Bolero had entered into a letter of intent (the "Rico Letter of Intent") with a number of corporate venders to acquire such mining interests, but Bolero's due diligence investigations could not be satisfactorily addressed to permit the entering into of a definitive agreement.  In connection with Bolero's decision to terminate the Rico Letter of Intent, Bolero has also cancelled its previously announced (November 1, 2007) term facility with Aura met Trading, LLC, which facility Bolero contemplated using to fund the acquisition of the Rico Properties.

With the termination of the Rico Letter of Intent, Bolero intends to focus on the development of its two core molybdenum properties located in Montana - being its Bald Butte and Cannivan Gulch properties.  In connection with Bolero's Cannivan Gulch property, Bolero has recently (February 14, 2008) SEDAR filed a National Instrument 43-101 technical report.

Update on the Bald Butte Molybdenum project, Montana

Drilling at Bald Butte ceased on December 10, 2007 due to intensely cold weather, high winds and snowstorms in the project area.  This property ranges in elevation from approximately 6,400 feet to 7,050 feet and it became clear that the planned drilling and water haulage in the winter months would be both very difficult and expensive.  Since drilling was terminated, the time has been used to catch up on the detailed logging, core cutting, photographing, sampling and assaying of the approximately 24,000 feet of core from Bald Butte and 2,077 feet of core from Cannivan Gulch.  As of February 15, 2008, all of the Cannivan Gulch core and approximately 16,000 feet of Bald Butte core had been sampled and logged.  Additional news releases will be prepared as the assay results become available.  Bolero currently anticipates having all of the core logged by April, 2008 and all of the assay results compiled by May, 2008.

Eight additional holes have already been permitted for the 2008 drilling season and access roads and pads have been constructed for most of these.  Additional holes will be permitted based on the results for these eight holes and for the 2007 holes that are presently being logged and compiled. An aggressive drilling program is anticipated during the 2008 summer season on both the Bald Butte and the Cannivan Gulch properties, pending receipt of necessary permits for Cannivan Gulch.  The results of the 2007 Cannivan Gulch drilling were the subject of a previous press release (January 7, 2008). Bolero will continue to issue press releases as the logging at Bald Butte progresses.  The Company expects to announce an updated NI 43-101 by the end of March, 2008 for its Bald Butte property.

Bolero Resources Corp. is a Canada-based molybdenum mineral development and exploration company.  Bolero's primary assets are its 100% interest in two significant molybdenum properties located in Montana, USA - the Bald Butte and Cannivan Gulch properties.   The Company is listed on the TSX-Venture Exchange under the symbol BRU, as well as the Frankfurt Exchange under U7N. For more information, please visit www.boleroresources.ca or call toll-free 888-945-4770.

On behalf of the Board of Directors

"R. Bruce Duncan"
President  & CEO

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