Bonanaza Resources Adds David Russell to Team

Oct 14, 2010, 14:25 ET from Bonanza Resources Corporation

DALLAS, Oct. 14 /PRNewswire-FirstCall/ -- Bonanza Resources Corporation ("Bonanza") (TSX.V: BRS; FRANKFURT: B4G) is pleased to announced David Russell is joining the Bonanza team to spearhead the investor relations department. David's investor relations experience goes back to the early 1990's where he served as the IR contact for several publicly traded companies, most notably a very early stage Ultra Petroleum Corp. David ultimately served as director of investor relations for Ultra until late 2005 when he left to pursue other interests. From 1999 to 2005 the market capitalization of Ultra Petroleum grew from less than $50 million to over $8 billion. David brings a wealth of knowledge and experience in helping grow companies and in effectively communicating the company's growth and growth prospects to the existing shareholders and the market place.

"We are pleased to have David Russell on our team as we restructure, refocus and begin growing the company," stated Steve Moore, President of Bonanza Resources (Texas) Inc. "I believe he's a great fit to our team and with his level of investor relations experience we look forward to working together to put Bonanza Resources clearly on the radar screen of the investment community."

Bonanza Resources Corporation is listed on the TSX.V Exchange under the symbol BRS.

The Company is an independent international oil and gas company focused on the development and production of international oil and natural gas reserves.

This press release includes certain "Forward-Looking Statements" within the meaning of section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding plans for completion, production potential, other targeted areas and expansion and development plans and objectives of Bonanza Resources Corporation are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.

SOURCE Bonanza Resources Corporation