The Mining Stock Report

BRU announces today that the camp is now set up on Arcadia and drilling is about to commence. Bolero has the right to earn 50% of the Arcadia Property from Alix Resources Corp.

VANCOUVER, May 29 /CNW Telbec/ – BOLERO RESOURCES CORP. (“Bolero” or the “Company”) BRU-TSX:V)(U7N – FRANKFURT) announces today that the camp is now set up on Arcadia and drilling is about to commence. Bolero has the right to earn 50% of the Arcadia Property from Alix Resources Corp (AIX-TSX:V) (37N-FRANKFURT).

The Arcadia property represents an Archean lode-gold deposit located on the Arctic Ocean in Canada’s Nunavut territory, west of Bathurst Inlet and 140 kilometres west of Miramar Mining’s Hope Bay greenstone belt. The property has a historic resource estimate of 640,650 tonnes averaging 7.2 grams per tonne gold (containing about 148,000 ounces of gold) in the north-central vein and 139,524 tonnes averaging 8.6 g/t gold (or 38,600 contained ounces of gold) in the Fred vein reported. These resource estimates were completed prior to 2001 and without a compliant technical report and in a manner inconsistent with National Instrument 43–101 and other disclosure requirements.

Dean Besserer, P.Geo of Apex Geological Services in Edmonton, and a qualified person as defined by NI 43–101, has approved the technical information in this release and is the qualified person for this project.

Bolero Resources Corp. is a Canada-based molybdenum mineral development and exploration company. Our primary assets are 100% interests in two significant molybdenum properties located in Montana, USA, which are 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

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information: Renmark Financial Communications Inc.: Henri Perron, hperron@renmarkfinancial.com; Jason Roy, jroy@renmarkfinancial.com; Media: Adam Ross, aross@renmarkfinancial.com, (514) 939–3989, Fax: (514) 939–3717, www.renmarkfinancial.com