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14.03.2012
Bonifaz Gold PLC appoints three new members to the Board of Directors
Bonifaz Gold PLC appoints three new members to the Board of Directors

London, February 28th 2012, the Board of Bonifaz Gold PLC, (BOG2.F – WKN: A1JUFK) has decided by unanimous decision that Mr. Oscar Antonio Bonifaz Paz,(CEO) Mr. Luis Fernando Quiroga, (CFO) and Mr. Peter H. Koch will be appointed as new voting members of the Board.

By these appointments, Bonifaz Gold PLC broadens the already existing skills in its Board of Directors. Added to this, the company feels that the appointment of a member of the German financial market will add further credibility towards the European investors.

Peter H. Koch states: “I am very proud to be a part of the team that is working on making Bonifaz Gold PLC a success story. Obviously the priority of the company has to be the developing of the existing properties. My added value to the company will be the support in terms of the financial markets.”

About the new Directors:

Oscar Antonio Bonifaz Paz

Mr. Bonifaz graduated with a Bachelor of Science degree in economics from the University of Arkansas in the United States in 1981 and obtained a masters degree in agriculture economics in 1984 from the same university. He has accumulated 29 years’ experience working in the mining and agriculture industries where he held several management positions. He also worked as a consultant for the International Development Bank, Andean Development Corporation and the World Bank. Among other activities, he was mayor of the city of La Paz and a member of the city council.

Luis Fernando Quiroga

Mr. Quiroga graduated with a degree in finance from Texas A&M University in the United States. He has experience in the mining industry, having served as general manager of Minerales Industriales for over 12 years. He is a former Bolivian economic development vice minister and, on an interim basis, development minister; and he has served also as vice minister of finance. Mr. Quiroga is the former American Chamber of Commerce general manager and treasurer and financial analyst for ENDE (national electricity company). He has initiated six different companies that are operating successfully today.

Peter H. Koch

Mr. Koch started working on the Frankfurt Stock Exchange in 1985 and was appointed as official broker by the State of Hessen in 1997. Apart from being owner and managing director of Peter Koch GmbH Securities Trading Bank in Frankfurt, Mr. Koch acts as President and managing director in several companies. He has brought more than 180 companies public on the Frankfurt Stock Exchange. Mr. Koch has served as member of the board of the Association of Brokers on the Frankfurt Stock Exchange as well as the Association of the German official Brokers.

BONIFAZ GOLD PLC (BG) is a British mining company with metallic and non-metallic operations and mineral deposits throughout Bolivia, South America. The Bonifaz Gold group has been operating since 1992 and used its knowledge, experience and resources to acquire and accumulate some of the richest gold and non‐metallic ore reserves in South America. The BG group currently has 44 mines in Bolivia, covering 10,670 hectares (26,366 acres) and representing approximately US$ 9 billion (€7 billion) of proved and probable reserves.

Further information can be found on the BONIFAZ GOLD PLC website at: www.BonifazGold.com.

IR-Contact Germany
Hans Joachim Bischoff
Telefon: +49 (0) 511 165 965 – 40
Mail: bischoff@st-ir.de

Registered Office in England and Wales
Bonifaz Gold PLC
88 Wood Street, 10th Floor
London EC2V 7RS, United Kingdom
U.K. Company No. 07432940

Disclaimer:

This press release contains forward-looking statements based on beliefs of BONIFAZ GOLD PLC management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Bonifaz Gold as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Bonifaz Gold disclaims any intention or obligation to update these forward-looking statements.



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