BOLV Bolivar Mining Corp (CE)

Bolivar Mining (Pink Sheets:BOLV) announced today that over $1,000,000 USD has been invested in modern mining equipment to boost gold production at the currently producing Red Dragon 1 gold mine in Southern China. The Company recently announced that it had acquired a 40% interest in the property. Red Dragon 1 is one of four mine sites comprising the Red Dragon Mining Properties located around Jinzhuang, China. Red Dragon 1 is currently generating revenues of approximately $3,000 per day using ancient gold mining methods, crude by today�s standards. The modernization process at Red Dragon 1 is underway with the infusion of $1,000,000 in equipment, including advanced drilling and crushing technology. The modern mining equipment is currently on-site and functional. Full-scale production using the advanced technology and equipment is expected to commence within four weeks. �We believe the recent infusion of modern equipment and the implementation of advanced mining techniques will substantially increase production at Red Dragon 1,� stated Bolivar Mining President, Arshad Shah. �We anticipate corresponding production revenues will increase to approximately $17,000 per day or over $6 million per year based on current gold prices. We are looking forward to working closely with our Chinese Partners to build a prosperous business model� This is another major milestone for Bolivar Mining manifesting its continued commitment to rapidly develop its gold properties in China. The Company is currently evaluating other gold and mineral opportunities in seven countries around the world. About Bolivar Mining Corp.: Bolivar Mining Corp is an exploration and mining company seeking global mining prospects in over five countries on three continents. By implementing efficient operations and engineering excellence, BMC will have opportunities to operate in areas where larger mining companies cannot operate profitably, thus creating an opportunity to extract and sell precious minerals to the global market. For more information, visit our website at www.bolivarmining.com. Forward Looking Statement: Information in this release may constitute forward-looking statements within the Private Securities Litigation Reform Act. BMC can give no assurance that its expectations will be achieved. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, including, the mineral prices, costs of operations, delays acquisition of additional mineral reserves, maintaining lease rights, continued maintenance of mining operations, price of minerals, government regulation, competition, and general economic conditions. BMC assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. Readers are cautioned not to place undue reliance on these forward-looking statements.