Bolero Resources Corp. (the "Company" or "Bolero"), (TSX VENTURE:BRU), (FRANKFURT:U7N1) announces the completion of drilling at the "Red Chris South" prospect, located in northwest British Columbia. Mineralized intervals, in holes 2 and 3, have been logged, split and shipped to Acme Analytical Laboratories Ltd. in Vancouver, BC for multi-element analyses. The "Red Chris South" prospect is contiguous to Imperial Metals Corporation's (III-TSX) "Red Chris" copper-gold discovery that 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.

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

Bolero has now completed approximately 1,100 metres of drilling to date, with two holes targeting the western IP anomaly and one hole targeting the eastern IP anomaly that contains a coincident Mobile Metal Ion (MMI) copper-gold anomaly, identified during the 2010 geophysical and geochemical surveys.

Bolero Resources' President and CEO, R. Bruce Duncan, stated "We are greatly encouraged by our initial drilling at "Red Chris South." This prospect is in close proximity to Imperial Metals' neighboring "Red Chris" copper/gold discovery and could be a flagship project for Bolero. We anticipate analytical results from this program to be available shortly as well as the completion of the airborne survey on the "Carbonatite Syndicate" REE prospect. Drilling is expected to commence shortly on the "Carbonatite Syndicate" REE prospect to test multiple significant targets identified through extensive 2010 sampling and surveying. All of Bolero's 2011 drill programs are fully funded, with drill permits now in place."

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 (III-TSX) 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