Bonaventure Acquires Significant Uranium Assets in Quebec including the James Bay - K09 Property and

The North Shore Syndicate of properties

Bonaventure concluded an agreement with a group of vendors referred to as the North Shore Syndicate to acquire a series of 24 non-contiguous properties over 923 claims equivalent.

These claims represent 49,863.53 hectares or 498.6 km²  in the Upper and Lower North Shore districts of north eastern Quebec between the St-Lawrence River communities of Tadoussac and Chevry, also encompassing Baie-Comeau, Forestville, Sept-?es, Havre-St-Pierre, Natashquan and St-Augustin.

• The claims host uranium mineralization in gneisses and granites/pegmatites.

• The properties already show higher uranium concentrations in lake-bottom sediments based on the re-assaying (Beaumier, 2006) of historic samples collected in the mid-1970?s (MRNFQ, 1973 to 1978).

• The lake-bottom sediments anomalies are kilometric in size.

Longue Rive  (Bay of Pigs) Property

Bonaventure agreed to purchase from the Corporation de promotion du d?eloppement min?al de la C?e-Nord a 100% interest in a uranium property comprising of a total of 8 claims.

Under these terms the property can be acquired by paying C$250,000 at the closing of the current financing. The property will also be the subject to a Net Smelter Return royalty of 1% on uranium and also on other mineral deposits other than uranium.

Jean Lafleur comments:

?Bay of Pigs is of real interest to Bonaventure as we can access the property all year long (like the North Shore properties), it is easily accessible, being a few kilometers from the national highway and infrastructures, and is well documented.

An important campaign of geophysical work was done by SOQUEM in the late 1970?s, and the historical report done at that time notes the existence of kilometric mineralization that average over 300 counts per second (or cps).

An additional seven occurrences of 2,500 cps and over are also reported in that same document.

We believe that the work to be done to confirm the existence of larger scale mineralization under 43-101 compliant methodology can be initiated in our planned first wave of exploration work this year. "

Bonaventure plans to use R?sing-type and/or Athabasca-type exploration models.

R?sing is a disseminated lower grade uranium deposit situated in gneisses and alaskite granites/pegmatites, containing at least 300 million tonnes within a 1 km by 2.5 km ore body grading 0.03% U₃O₈ (R?sing website at www.rossing.com).

IDNR Television:  Face The Analyst with Jay Taylor

Interview with BVT President & CEO Jean Lafleur.  This interview contains a lot of information on the K9 2008 Drill Program.

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North Shore Properties - Quebec