BON Bonaparte Resources Inc.

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


Bonaparte Resources Inc. (TSX VENTURE:BON) ("Bonaparte" or the "Company") is
pleased to announce that it has entered into a mineral property option agreement
dated December 14, 2010 with Strategic Metals Ltd. (TSX-V: SMD) ("Strategic"),
whereby Bonaparte can acquire up to 100% interest in and to 193 mineral claims
(the "Hopper Property") located in the Whitehorse Mining District, Yukon
Territory, Canada. The transaction is subject to approval by the TSX Venture
Exchange.


The Hopper Property is located in southwestern Yukon and is directly accessible
via a two-wheel drive road from the Alaska Highway. The Aishihik Hydroelectric
Dam, one of the three main power generating hydroelectric stations in Yukon, is
located 15 km south of the property along the same access road.


This 4000 hectare property hosts copper-gold porphyry targets and
copper-gold-silver skarn showings. Historical diamond drilling (DDH) was
performed in 1977, 1978 and 1989 while percussion drilling (PDH) was performed
in 1980. This drilling focused on testing skarn mineralization. Highlights from
historical drilling are shown in the following table.




-------------------------------------------------------------------------
                             Interval                                    
                                width                              Silver
Drill Type - Year - Hole        (m)(i)  Copper (%)  Gold (g/t)       (g/t)
-------------------------------------------------------------------------
DDH-77-02                       18.59        1.94       0.867       15.16
-------------------------------------------------------------------------
DDH-77-04                        8.96        1.36       0.728       10.29
-------------------------------------------------------------------------
PDH-80-01                       18.29        1.52        N.R.        N.R.
-------------------------------------------------------------------------
PDH-80-39                        9.14        1.44        N.R.        N.R.
-------------------------------------------------------------------------
DDH-89-02                        7.79        2.00       0.677       14.39
-------------------------------------------------------------------------
DDH-89-04                        5.01        0.62       0.334       13.57
-------------------------------------------------------------------------
(i) Drill intercepts are reportedly between 80 and 90% of true width. Values
    for gold and silver were not reported (N.R.) for percussion drill holes.



The skarn zone is only partially tested by drilling. Mineralization has been
identified in four horizons, and a recent VTEM survey outlined a 1300 m long
conductor that coincides with the known mineralization and its projected
extensions along strike. The porphyry target is outlined by widely spaced
bulldozer trenches and soil geochemical results.


Transaction Highlights:

Pursuant to the terms of the option agreement, Bonaparte may acquire up to 100%
interest in the Hopper Property subject to a 2% NSR royalty, by making cash
payments and incurring exploration expenditures in three steps as follows:




1. By paying Strategic an aggregate amount of $1 million and incurring
   expenditures of $4 million by December 31, 2013 at which time Bonaparte
   will become a 50% joint venture owner in the Hopper Property. 

2. By paying Strategic an aggregate amount of $2 million and incurring
   expenditures of $10 million by December 31, 2015 at which time Bonaparte
   shall have acquired an 80% interest in the Hopper Property. 

3. By paying Strategic $5 million by March 31, 2016 at which time Bonaparte
   shall own 100% of the Hopper Property subject to the 2% NSR royalty. 



Bonaparte will act as operator and plans to retain Archer, Cathro & Associates
(1981) Limited of Vancouver, BC to carry-out all exploration activities. In
addition, Bonaparte plans to have an independent National instrument 43-101
compliant report prepared on the exploration of the Hopper Property.


Technical information in this news release has been reviewed by Heather Smith,
B.Sc., P.Geo., a qualified person for the purpose of National Instrument 43-101.


CAUTIONARY NOTE: FORWARD LOOKING STATEMENTS.

This press release contains projections and forward-looking information that
involve various risks and uncertainties regarding future events such as: (a) the
closing of the option to acquire an interest in a mineral property and exchange
approval of same; (b) the likelihood that the property has gold or copper; (c)
the work program to be conducted by Bonaparte; and (d) the hiring of Archer,
Cathro. Such forward-looking information can include statements based on current
expectations involving a number of risks and uncertainties and are not
guarantees of future performance of Bonaparte such as the willingness of the
parties to close the transactions, the approval of the transaction by the
Exchange, satisfactory results of the due diligence investigation on the
Property, our ability to raise financing, geological information resulting in
changed plans for exploration, our ability to contract equipment and labor,
current economic conditions and the state of mineral exploration and mineral
prices in general .Discoveries of minerals on other properties are not
necessarily an indication of any commercial mineralization on our properties.
These risks and uncertainties could cause actual results and Bonaparte's plans
and objectives to differ materially from those expressed in the forward-looking
information. Due to conditions precedent to closing, and the risk that these
conditions precedent will not be satisfied, the Bonaparte can offer no assurance
that it will close the Transaction. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of management on
the dates they are made and expressly qualified in their entirety by this
notice. Except as required by law, Bonaparte assumes no obligation to update
forward-looking information should circumstances or management's estimates or
opinions change. Please see the filings made by Bonaparte with Canadian
securities regulators. Those filings can be found on the Internet at
http://www.sedar.com.


For additional information concerning Bonaparte Resources Inc. please visit the
Company's website at www.bonaparteresources.ca.

Bonaparte Resources Inc. (TSXV:BON)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Bonaparte Resources Inc. (TSXV:BON)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024