Bolivar Mining Corp. announced the expansion of exploration discovery of several potentially major economic Rare Earth Element (REE) mineral deposits occurring in Grenvillian-aged (1.1 billion years old) basement Charnockites, located in central Georgia. The occurrences have been evaluated by ground radiometrics plus soil and rock geochemistry. The deposits' gamma radiation intensity locally exceeds the average background gamma radiation by up to two orders of magnitude. The REE's occur in monazite-allanite veins with accessory rutile, magnetite, albite, quartz, apatite, and iron sulfides.

Bolivar Mining Corp. announced that Dr. Robert B. Cook, Jr. has joined the Group as their Chief Mineralogist and Geological Officer. In his new role, Dr. Cook will locate and evaluate mining opportunities, assess reserves and establish procedures for such assessment, provide advisement on mining activities by Bolivar or its subcontractors, and assist in the preparation of project reports in the event mining leases are sold to third parties.

Bolivar Mining Corp. has reached an understanding to explore and drill four additional gold bearing targets in southern China in the first half of 2008. The Company announced earlier that it has acquired a 40% interest in one of the Gold producing area, Red Dragon 1.Red Dragon 1 is one of four mine sites at the Red Dragon Property. The drilling and production license for the Red Dragon Property was issued by the provincial government of the Guangdong Province. The license is valid for three years, after which it will be renewed provided all the parties involved comply with rules and regulations. The drilling and production permit encompasses area identified in the original application, which management believes contains substantial gold reserves.