BOLERO INTERSECTS 0.054% Mo (0.090% MoS2) OVER 710 FEET AND PROVIDES CANNIVAN GULCH UPDATE

November 13th, 2007, Vancouver, BC, Canada - 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

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

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.

CANNIVAN GULCH

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 mineral ization 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 o f 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

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