Bolero drills 110 feet of 0.106% Mo (0.177% Mos2) at Bald Butte



    VANCOUVER, Oct. 17 /CNW Telbec/ - Bolero Resources Corp. (the "Company"
or "Bolero"), (TSX-V: BRU) is pleased to announce the analytical results for
the first four diamond drill holes of the 2007 exploration program at the
Company's Bald Butte molybdenum project in Montana. All holes were designed to
test the continuity and limits of mineralization defined in the NI 43-101
compliant report dated December 12, 2006 which has been filed on Sedar. This
data will confirm the confidence that Bolero has in the resource. Upon
completion of the present drill program, the Company will calculate an updated
NI 43-101 compliant resource which is scheduled for completion by the end of
the first quarter 2008.
    The attached table shows the significant intercepts resulting from holes
BB07-1, BB07-2, BB07-5, and BB07-10. We have used a 0.04% Mo cut-off for the
significant intercepts and have therefore only listed those intercepts that
are at least 20 feet in thickness and have grades of 0.04% Mo or greater.

    
    SIGNIFICANT INTERCEPTS, CORE HOLES BB07-1, 2, 5, AND
    10, BALD BUTTE MOLYBDENUM PROJECT, LEWIS AND CLARK COUNTY,
    MONTANA UNITED BOLERO DEVELOPMENT CORP., OCTOBER 7, 2007


    Hole        From       To  Intercept   Avg Mo%
    Number      Feet     Feet  Thickness
    ----------------------------------------------
    ----------------------------------------------

    BB07-1       188      238         50    0.040
                 238      268         30    0.072
                 268      298         30    0.123
                 298      408        110    0.048
                 578      598         20    0.041
                 778      798         20    0.176
    BB07-2        30      150        120    0.060
                 150      170         20    0.140
                 170      200         30    0.044
                 200      230         30    0.090
                 230      310         80    0.045
                 310      360         50    0.064
                 360      470        110    0.106
    BB07-5       160    189.3       29.3    0.045
               189.3      240       50.7    0.064
                 260      370        110    0.068
                 370      400         30    0.104
                 400    509.2      109.2    0.085
               509.2      530       20.8    0.122
                 530    629.5       99.5    0.072
               629.5      670       40.5    0.047
                 690      720         30    0.077
    BB07-10      229      299         70    0.049
                 349      389         40    0.045
                 389      409         20    0.088
                 479      499         20    0.046
                 529      559         30    0.048
                 559      579         20    0.060
                 749      779         30    0.042

    The inclination of the four holes and their total depths are as follows:

    Hole Number   Inclination   Total Depth (feet)

    BB07-1       -70 (degrees)              1,398
    BB07-2       -90 (degrees)              469.5
    BB07-5       -90 (degrees)              1,400
    BB07-10      -90 (degrees)                799
    

    Three of the four new holes were drilled to the depths planned but hole
BB07-2, which we had planned to drill to a depth of 1,000 feet, encountered a
broken zone that forced abandonment of the hole at a depth of 470 feet. The
last 110 feet of hole BB07-2 averaged 0.106% Mo. We plan to drill another hole
in the immediate area of BB07-2 in the hope of testing the projection of this
high-grade zone to depth.
    These first four holes have established continuity of the upper (main)
zone of mineralization as projected in our preliminary modeling and have
better defined the limits of a deeper zone in the northeastern portion of the
mineralization which may represent a structurally controlled feeder zone. The
best intercepts in these holes occur in strongly altered Proterozoic Helena
Formation at the contact with the Bald Butte quartz monzonite stock of Eocene
age.
    We are especially pleased with the results in the upper portion of hole
BB07-2 where our preliminary projections suggested that ore-grade
mineralization would only start at a depth of approximately 210 feet below
surface. In fact, this hole encountered a zone averaging 0.06% Mo starting
just 30 feet below surface. As shown in the attached table, hole BB07-2
encountered ore-grade material from 30 feet to its termination at 470 feet.
The Company will be updating the shareholders with more drill results in the
weeks ahead.
    John Childs, Ph.D., Registered Geo (AZ) is the "qualified person" (as
such term is defined by NI 43-101) responsible for the preparation of the
technical information in this release.

    Bolero Resources Corp. is a well funded exploration and development
Company which holds 100% interests in 2 significant molybdenum properties
located in Montana, USA. 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.unitedbolero.com 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:

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

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