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14.11.2011
Bonifaz Gold PLC commence mining at Caballo Blanco Gold Mine
Bonifaz Gold PLC commence mining at Caballo Blanco Gold Mine

London, November 14 2011. BONIFAZ GOLD PLC, (BOG.F – WKN: A1H5HC) announces the commencement of mining at its Caballo Blanco Gold mine. In addition to commence mining of gold ore management has deployed its engineers to start exploitation and prospecting of other regions on this 1,375 acre concession. “Página Siete”, one of the most prestigious news papers in Bolivia, has recently published a report stating that the exports of gold from Bolivia have increased 164% in 2011 from 2010 from the same period.

Oscar A. Bonifaz, CEO states, “we are all very happy to report to our shareholders the commencement of production at our Caballo Blanco Gold mine and expect to be reporting ore deliveries to the processing plant within weeks. The deployment of our engineers, for exploitation and prospecting, in outer regions of the Caballo Blanco concession has been done successfully and we should expect news from the engineering team very soon”. He also stated, “It is clear that the production of Gold in Bolivia is growing at an extremely fast pace and it reflects the potential of gold production the country has”. He added, “We will continue to inform our shareholders of all the mining and prospecting news”.

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.

Contact:
info@BonifazGold.com
IR – Kontact Deutschland:
Connecting Markets Gmbh
Telefon: +49 (0) 40 7166 4761

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.

The data on proved and probable reserves of minerals have been calculated and inferred based on multiple geological and metallurgical studies carried out by independent geologists and mining professionals and may not necessarily coincide with various classes of mineral resources as defined by the Canadian Institute of Mining (CIM).



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