Bonanza Goldfields engages Gold Explorations LLC to develop and execute exploration...

Bonanza Goldfields engages Gold Explorations LLC to develop and execute
exploration plan

PHOENIX, June 30 /PRNewswire/ - Bonanza Goldfields Corp (BONZ:OTCBB) is please
to announce that Gold Explorations will be developing in phases for assaying
our BRB mineral claim in Arizona.
Gold Explorations LLC is privately owned, founded by H.G. McNeill and Steve
Karolyi. The company headquarters are in the Reno, Nevada area with a field
office opening soon in Arizona.

Gold Explorations management:

Steve Karolyi

Karolyi, one of the partners in the company has over 35 years in the
exploration and mining industry. He was with the Falconbridge organization out
of Toronto, Canada and Kennecott Exploration, Reno, Nevada for over 20 years
working under contract. His main function was locating gold and base metal
targets in California, Arizona, Oregon and Nevada. His duties were diverse,
conducting stream sediment, soil and rock geochemical surveys, claim staking,
installing control grids, supervising drilling programs, contacting and
dealing with land owners and various government agencies. He has been an
independent prospector for the past 10 years teaming up with McNeill.

H.G. (Mac) McNeill (The Pilot)

McNeill owns and operates a small Bell helicopter. He brings almost 40 years
of experience in the mining and mineral exploration business into the group.
His experience is indeed diversified, but his biggest asset is his uncanny
ability to recognize quality target areas from the air, identifying
structures, color anomalies and other features. Geological hot-spots often
missed by ground reconnaissance.

Kenneth Moore, Field Operations

Moore brings over 20 years of experience into the team. He worked for
Falconbridge for over 6 years conducting geo-chemical surveys, surveying,
performing geo-physical surveys and operating heavy equipment. He has built
and operated gold recovery plants in California and Nevada. Moore was a
co-owner in Great Basin Geo-Physics for 5 years, a Nevada company that
performed geo-physical surveys in the western states.

Steve Karolyi states "Early in the preliminary exploration stage the over 400
samples taken from the BRB indicate numerous anomalies. We're all very anxious
to see what the next test results reveal."
Chris Tomkinson states "We are very excited to be working with Gold
Explorations on our BRB property in Arizona. We purchased this property
knowing that early tests were positive and further assays could prove to be
beneficial to our company and shareholders."
Bonanza Goldfields Corp. was incorporated in the State of Nevada on March 6,
2008 to engage in the acquisition, exploration and development of natural
resource properties .The BRB Claim group is currently comprised of two
unpatented placer claims (320 acres) on BLM ground in the southern part of the
Vulture Mining District, Maricopa County Arizona on the northeastern flank of
the Belmont Mountains. The property is located along a twelve mile northwest
striking mineralized trend where several gold and copper mines previously
operated.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this news release that are not based on
historical facts are "forward- looking statements" and are prospective. These
statements may appear in a number of different places in this news release and
can be identified by words such as "estimates", "projects", "expects",
"intends", "believes", "plans", or their negatives or other comparable words.
Forward-looking statements include statements regarding the outlook for
Bonanza's future operations, plans and statements about future market
conditions, supply and demand conditions, forecasts of future costs and
expenditures, and other expectations, intentions and plans that are not
historical fact. Such forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from future results expressed or implied by such forward-looking
statements. Many of these factors are beyond the control of Bonanza.
Consequently, all forward-looking statements made in this news release are
qualified by this cautionary statement and there can be no assurance those
actual results or developments anticipated will be realized.
Section 21E of the Securities Exchange Act of 1934 as amended, and is subject
to the safe harbors created thereby. Such statements involve certain risks and
uncertainties associated with an emerging company. Actual results could differ
materially from those projected in the forward-looking statements as a result
of risk factors discussed in Bonanza Goldfields Corp. reports that will be on
file with the US Securities and Exchange Commission.

SOURCE Bonanza Goldfields Corp

chris@bonanzagoldfields.com