Bolero intersects 0.054% Mo (0.090% MoS2) over 710 feet and provides Cannivan Gulch update

    VANCOUVER, Nov. 13 /CNW Telbec/ - Bolero Resources Corp. (the "Company"
or "Bolero"), (TSX-V: BRU), (FRANKFURT: U7N) is pleased to report the results
for the fifth and sixth diamond drill holes in its 2007 exploration drilling
program for which analytical results have now been received. Results for the
first four holes were reported by Bolero Resources Corp. in a news release
dated October 17, 2007 for its Bald Butte molybdenum property, Lewis and Clark
County, Montana.
    Hole BB07-3, averaged 0.054% Mo (0.090% MoS2) from a depth of 110 feet to
a depth of 820 feet for an interval of 710 feet. This average includes all
footage within this interval including those intercepts which were below a
0.03% Mo cut-off. The following table presents the intercepts within this
interval that are at least 20 feet in thickness and average 0.03% Mo (0.05%
MoS2) or greater.

             Hole BB07-3  Total Depth- 907 feet   Vertical Hole
    FROM(feet)  TO(feet) INTERVAL(feet)   GRADE-%Mo     %MoS2
        110      130         20             0.045       0.075
        130      160         30             0.033       0.055
        160      180         20             0.082       0.137
        180      200         20             0.037       0.062
        200      270         70             0.054       0.090
        270      330         60             0.081       0.135
        330      470        140             0.052       0.087
        470      560         90             0.076       0.127
        560      580         20             0.034       0.057
        650      690         40             0.035       0.058
        690      780         90             0.066       0.110
        780      820         40             0.039       0.065

    Results for Hole BB07-13 have also been received. This hole has a 370 foot
intercept from 470 feet to 840 feet averaging 0.056% Mo (0.093% MoS2). In
addition, Hole BB07-13 has numerous lower grade intervals both above and below
the main mineralized zone. Significant intercepts from this hole are outlined
in the following table.

             Hole BB07-13 Total Depth- 1099.5 feet Vertical Hole
    FROM(feet)  TO(feet) INTERVAL(feet)   GRADE-%Mo     %MoS2
        240      260         20             0.020       0.033
        340      470        130             0.026       0.043
        470      840        370             0.056       0.093
        840      900         60             0.021       0.035
        1050  1099.5       49.5             0.026       0.043

    The interval in Hole BB07-13 from 470 to 840 feet includes three higher
grade intercepts. These are from 470 to 520 for a total of 50 feet at 0.062%
Mo (0.103% MoS2), 570 to 630 feet for a total of 60 feet at 0.065 % Mo (0.108%
MoS2) and from 670 to 770 feet for a total of 100 feet at 0.074% Mo (0.123%
MoS2). Geological logging of Hole BB07-13 is in progress. It is significant
that this hole was in mineralization averaging 0.026% Mo (0.043% MoS2) for the
final 49.5 feet.
    "We are delighted with the results of these holes and we are very
encouraged that the present drilling program will confirm and expand our
previous estimates for the tonnage and grade of the mineralization on the Bald
Butte property," states Bolero's President and CEO R. Bruce Duncan.
    Strong mineralization in Hole BB07-3 starts in the brecciated and
silicified Proterozoic Helena dolomite, carries through a zone of
interfingering sheared Helena dolomite and quartz monzonite porphyry which we
have interpreted as a dike swarm, and extends an additional 260 feet down into
the main mass of the porphyry. Hole BB07-3 is west of an intense zone of
silicification exposed at the surface and is approximately 240 feet
north-northwest of Hole BB07-2. This latter hole also had excellent
mineralization in brecciated Helena dolomite but circulation was lost in a
fault zone before reaching its projected depth. These holes are situated in
the south-central portion of the Bald Butte mineralization and appear to test
a strong zone of hydrothermal brecciation within the core of the deposit. This
zone may extend for an additional 150 feet south of Hole BB07-2 to old hole
GBB 25, which also had an excellent intercept.
    We have now contracted a third core drill owned by Big Snowy Resources (a
drilling services company) on the Bald Butte property. As of October 19, 2007
we have drilled 11,250 feet and eleven holes at Bald Butte as part of the 2007
drilling campaign. Weather permitting; we intend to aggressively continue the
2007 drilling program into late Autumn and Winter. We have submitted a
supplemental Plan of Operation to the regulatory agencies in which we propose
additional drill holes throughout the Bald Butte deposit.


    A helicopter-supported core drilling program was initiated at Cannivan
Gulch on September 7, 2007 after significant delays caused by a slow
permitting process and a lack of helicopters during a very difficult fire
season in Montana. Two holes were completed before bad weather and logistical
issues forced us off the project on October 4, 2007. Drill Hole CG07-1 was
designed to test near-surface mineralization in the immediate area of old hole
CG-1. A second hole was designed as an in-fill hole between and slightly north
of old drill holes CG-22 and CG-23. Hole 07CG-1 was drilled to a depth of
602 feet and hole 07CG-2 was drilled to 1,475 feet. Hole CG07-1 has been
geologically logged and sawed in half. One half of the core has been sent to
ALS Chemex Laboratories in Elko, Nevada for analysis and the remaining half
has been archived for future use. Hole CG07-2 is presently being geologically
logged and sawed.
    The Cannivan Gulch project is at a fairly high elevation (8,000 to
9,000 feet), and is on unpatented claims on U.S. Forest Service (USFS) land.
Bolero plans a substantial amount of additional drilling on the project and
the planned drill holes have been designed and staked on the ground. An
Environmental Assessment (EA) of the project will be conducted by the USFS.
Bolero's technical team has submitted a Plan of Operations for the planned
drilling to the USFS. A USFS team will examine the proposal on the ground, and
a public scoping letter will then be issued. This will be followed by a draft
EA for public comment. The USFS has stated that this is a priority project. It
is hoped that the permit will be received in time to allow a full drilling
program during the 2008 season.
    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 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:; Jason Roy:;
Media - Adam Ross:, (514) 939-3989, Fax: (514)

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