BVR Bolivar Energy Corp.

Bolivar Energy Corp. (TSX VENTURE:BVR) ("Bolivar" or the "Company") is pleased
to announce that it has come to an agreement with a partner in the LLA-24 Block,
Llanos Basin, Colombia whereby Bolivar will acquire 17.5% of the partners'
interest in the Block, thereby bringing Bolivar's total interest in the Block to
35%. 


When combined with the terms of its initial 17.5% farm-in, Bolivar will have
paid 70% of the initial 3D seismic program and the first exploration well to
earn a 35% interest in the Block. Following the drilling of the first well,
Bolivar's capital commitments on the Block will revert to its 35% pro-rata
interest. 


Assignment of the 35.0% interest to Bolivar will be subject to approval by the
Agencia Nacional de Hidrocarburos ("ANH"). 


The LLA-24 Block is located in the central Llanos Basin and comprises 147,000
gross acres (51,450 net). The acreage offers multi-zone stacked potential and is
surrounded by high rate light oil production from numerous companies including:
C&C, Petrominerales, Ramshorn, Remora, Alange and Perenco. 


About Bolivar Energy Corp. 

Bolivar Energy Corp. is an early stage exploration company active in the Llanos
Basin in Colombia, and trading on the TSX Venture Exchange under the symbol
"BVR". 


Forward-Looking Statement 

This news release includes forward-looking statements related to the expected
occurrences in relation to the properties identified. A multitude of factors can
cause actual events to differ significantly from any anticipated development and
although the Company believes that the expectations represented by such a
forward-looking statement are reasonable; there can be no assurance that such
expectations will be realized. These forward looking statements are based upon
assumptions that the Company has made concerning the oil and gas industry in
Colombia, the reliability of available data regarding the properties, and the
continuing market for oil and gas. Risk factors may include the uncertainty of
conducting operations under a foreign regime, the availability of labour and
equipment, the fluctuating price of oil and gas, and the Company's dependence
upon other participants in the property areas. Neither the Company nor any of
its subsidiaries nor any of its officers or employees guarantees that the
assumptions underlying such forward-looking statements are free from errors, nor
do any of the foregoing accept any responsibility for the future accuracy of the
opinions expressed in this document or the actual occurrence of the forecasted
developments.

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