Drilling Now Underway on Bolero's "Red Chris South" Prospect
Bolero Resources Corp. (the "Company" or "Bolero"), (News - Market indicators) (FRANKFURT: U7N1) announces that drilling has now commenced on its "Red Chris South" prospect, located in northwest British Columbia ("BC"), contiguous to Imperial Metals Corporation's "Red Chris" copper-gold discovery that recently announced drill intercepts of 1024.1 metres, grading: 1.26 g/t Gold 1.01% Copper and 528.7 metres, grading: 1.97g/ton Gold and 1.13% Copper, in April 2010. 
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Keywords :   Copper | Gold | Gold Discovery | Market | Rare Earth |

Falcon Drilling of Prince George, B.C. is currently drilling four holes, each approximately 400 metres deep. Two holes will test the western geophysical Induced Polarization "IP" anomaly and two holes will test the eastern IP anomaly that has a coincident Mobile Metal Ion (MMI) copper-gold anomaly, which were identified during the 2010 geophysical and geochemical surveys. Discovery Consultants of Vernon, B.C., will supervise the drilling, logging and splitting of the core, and maintain sample integrity until the material is shipped to the analytical lab. Bolero is currently in full disclosure of all material news.

Red Chris South Map: www.boleroresources.com/docs/red_chris_property.pdf

Bolero Resources' Director, Dr. Roger Steininger, stated "We are excited to be underway with the first of our three planned 2011 drill programs. Significant coincident IP and geochemical anomalies were identified on the "Red Chris South" prospect last year using a 55 km IP survey and 560 MMI soil samples; this year's drill program was designed to test these anomalies. Bolero's drilling plans for 2011 also include the "Carbonatite Syndicate" Rare Earth Element prospect, and the "Charge" "REE" prospect, all located in British Columbia. Drilling is fully funded, drill permits are in place and the first of these three programs is now underway."

Dr. Roger Steininger, Ph.D., CPG (AIPG), a Company Director, is the "Qualified Person" (as such term is defined by NI 43-101) responsible for the preparation of the technical information in this release.

About Bolero Resources Corp.

Bolero Resources Corp. is a Canadian Gold and Rare Earth exploration and development company. Our primary assets include: 100% interest in the Red Chris South prospect, covering over 13,000 acres in north-western British Columbia, contiguous to Imperial Metals Corporation and; the "Carbonatite Syndicate" consisting of 211 mineral claims prospective for REE covering over 222,415 acres contiguous to Spectrum Mining Corporation in northern British Columbia and; the "Charge" British Columbia REE prospect and; 2 separate quartz claim blocks covering over 6,500 acres in the "White Gold District" of the Yukon. The Company is listed on the TSX-Venture Exchange under the symbol BRU as well as the Frankfurt Exchange under U7N1. For more information, please visit: www.boleroresources.com or contact Investor Relations Toll Free.

On behalf of the Board of Directors

R. Bruce Duncan, President & CEO

Bolero Resources Corp.

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Bolero Res. is a gold and copper exploration company based in Canada.

Bolero Res. holds various exploration projects in Canada.

Its main exploration properties are ARCADIA, COPPER STAR, RED CHRIS SOUTH, BALD BUTTE, CANNIVAN GULCH and CARBONATITE SYNDICATE in Canada.

Bolero Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 852 000 as of today (US$ 632 517, € 556 159).

Its stock quote reached its highest recent level on November 20, 2009 at CA$ 0.69, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Bolero Res. has 34 080 000 shares outstanding.

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Annual reports of Bolero Resources Corp.
Annual Report 2007
Nominations of Bolero Resources Corp.
9/27/2012Appoints Bruce Coventry to Board of Directors
5/10/2011Welcomes Greg Lipton to Its Board of Directors
3/28/2011Welcomes Alex Knox to Its Advisory Board
3/26/2008 Announces Management Appointments
Project news of Bolero Resources Corp.
7/12/2011(Red Chris South)Drilling Now Underway on Bolero's "Red Chris South" Prospect
7/5/2011(Red Chris South)Work Program Now Underway at "Red Chris South" Prospect
6/4/2008(Bald Butte)Continues to Report Excellent Drill Results for the Bald But...
5/5/2008(Bald Butte)Drills 1,098 Feet @ 0.068% Mo. at Bald Butte ? Drilling Cont...
3/31/2008(Bald Butte)Bald Butte has Indicated Resource Containing 168.5 Million P...
2/27/2008(Bald Butte) Announces Changes to Board of Directors and Corporate Updat...
2/13/2008(Cannivan Gulch)Cannivan Gulch Has Indicated Resource Containing 225 Million...
1/7/2008(Cannivan Gulch)Announces Drilling Results for Cannivan Gulch Project - Hol...
11/13/2007(Cannivan Gulch) Intersects 0.054% Mo (0.090% MoS2) Over 710 Feet And Provid...
11/1/2007 Arranges US$10 Million Term Facility And NI 43-101 For Acqu...
10/17/2007(Bald Butte) Drills 110 Feet of 0.106% Mo (0.177% MoS2) at Bald Butte
9/13/2007(Cannivan Gulch) Begins Drilling at Cannivan Gulch
6/21/2007(Bald Butte)Begins 5,500 Metre Drill Program at Bald Butte
4/10/2007(Bald Butte)A 5,500 Metre Drill Program For Confirmatory Infill And Ste...
Corporate news of Bolero Resources Corp.
10/2/2012Announces Results of Annual and Special Meeting, Effective D...
6/28/2011Aeroquest Commences Multiple Airborne Surveys Over BC "REE" ...
6/23/2011Retains Falcon Drilling for Multiple 2011 Drill Programs
5/5/2011Retains Discovery Consultants for 2011 Work Programs
6/12/2008CEO Interview
5/29/2008Arcadia Drilling Commences
5/9/2008Announces Option Grant
3/7/2008Bolero Resources
10/16/2007Secures Large, Undeveloped Molybdenum Property In Colorado
9/19/2007Announces Name Change And Continuance of its Corporate Chart...
7/16/2007Provides Update on Bald Butte Drill Program and Results of J...
5/30/2007New Drilling to Test Property's Deep Mineral Potential
4/19/2007announces drill program at Cannivan Gulch Moly Project
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