Bolero Drills 110 Feet of 0.106% Mo (0.177% MoS₂) at Bald Butte

October 17th, 2007, Vancouver, BC, Canada - Bolero Resources Corp. (the "Company" or "Bolero"), (TSX-V: BRU) is pleased to announce the analytical results for the first four diamond drill holes of the 2007 exploration program at the Company's Bald Butte molybdenum project in Montana. All holes were designed to test the continuity and limits of mineralization defined in the NI 43-101 compliant report dated December 12, 2006 which has been filed on Sedar.  This data will confirm the confidence that Bolero has in the resource. Upon completion of the present drill program, the Company will calculate an updated NI 43-101 compliant resource which is scheduled for completion by the end of the first quarter 2008.

The attached table shows the significant intercepts resulting from holes BB07-1, BB07-2, BB07-5, and BB07-10.  We have used a 0.04% Mo cut-off for the significant intercepts and have therefore only listed those intercepts that are at least 20 feet in thickness and have grades of 0.04% Mo or greater.

The inclination of the four holes and their total depths are as follows:

Hole Number                           Inclination                    Total Depth (feet)

BB07-1                                    -70 ^o                            1,398

BB07-2                                    -90 ^o                             469.5

BB07-5                                    -90 ^o                             1,400

BB07-10                                  -90 ^o                             799

Three of the four new holes were drilled to the depths planned but hole BB07-2, which we had planned to drill to a depth of 1,000 feet, encountered a broken zone that forced abandonment of the hole at a depth of 470 feet. The last 110 feet of hole BB07-2 averaged 0.106% Mo.  We plan to drill another hole in the immediate area of BB07-2 in the hope of testing the projection of this high-grade zone to depth. 

These first four holes have established continuity of the upper (main) zone of mineralization as projected in our preliminary modeling and have better defined the limits of a deeper zone in the northeastern portion of the mineralization which may represent a structurally controlled feeder zone.  The best intercepts in these holes occur in strongly altered Proterozoic Helena Formation at the contact with the Bald Butte quartz monzonite stock of Eocene age.

We are especially pleased with the results in the upper portion of hole BB07-2 where our preliminary projections suggested that ore-grade mineralization would only start at a depth of approximately 210 feet below surface.  In fact, this hole encountered a zone averaging 0.06% Mo starting just 30 feet below surface. As shown in the attached table, hole BB07-2 encountered ore-grade material from 30 feet to its termination at 470 feet.  The Company will be updating the shareholders with more drill results in the weeks ahead.

John Childs, Ph.D., Registered Geo (AZ) is the "qualified person" (as such term is defined by NI 43-101) responsible for the preparation of the technical information in this release.

Bolero Resources Corp. is a well funded exploration and development Company which holds 100% interests in 2 significant molybdenum properties located in Montana, USA.   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.unitedbolero.com or call toll-free 888-945-4770.

On behalf of the Board of Directors

"R. Bruce Duncan"
President  & CEO

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