Bonanza Goldfields Engages Auric Resources International, Inc., for Hull Lode and Tarantula Placer Claims Development Report

PHOENIX, May 4, 2011 /PRNewswire/ -- Bonanza Goldfields Corp. (OTCBB:BONZ) ("Bonanza" or the "Company"), an exploration and mining company headquartered in Phoenix, Arizona, engaged Auric Resources International, Inc. (ARI) to complete research and a technical report regarding its Tarantula Placer & Hull Lode mining claims, adjacent to the world famous and historic Congress Mine, Congress, Arizona, USA.  ARI is an Arizona based gold exploration, development and mining company that is also licensed with the Arizona State Board of Technical Registration to provide Geological Services to clients in Arizona.

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William C. Berridge, P.G., is the Founder, President/CEO, and Chairman of Auric Resources International, Inc. which owns and is currently developing  the historic, patented, Johnson Mine which is located at the head of Weaver Creek, on Rich Hill, approximately 10 miles east of Congress, Arizona.   Mr. Berridge is a Qualified Person (QP) for preparing NI 43-101 technical reports written under CSA & CIM Standards & Guidelines.  He is registered as a Professional Geologist in Wyoming and has over 35 years of exploration & development experience.  He is also a member of the Geological Society of America (GSA), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), the Geological Society of Nevada (GSN), the Arizona Geological Society (AGS), the Society of Mineral Analysts (SMA) and a Founding Registered Member of the Society for Mining, Metallurgy and Exploration (SME).  Mr. Berridge has also agreed to have further discussion regarding a possible role on the Board of Directors of Bonanza's Goldfields, which like Auric Resources International, Inc., has a long-term commitment to the Wickenburg/ Congress/Weaver Mountain District geographic area.

Bonanza Goldfield's CEO, David Janney stated:  "Bill has one of the most complete databases of minerals, mining equipment and human grey matter, in the world - we are extremely fortunate to have him local and couldn't feel luckier.  We expect his knowledge and guidance will play a role tantamount in getting Bonanza to the next level"

The neighboring Congress mine between 1887 and 1959 produced around 400,000 ounces of load gold.  With extensive placer production, hard rock drilling and field research scheduled for this summer, on our adjacent  property, Bonanza's management working in tandem with Auric Resources plans to develop its long-term economic production plan regarding the several veins on the property believed these to be the same veins that put the Congress Mine on the map.  

About Hull Lode and Tarantula Claim placer and hard rock projects please view:  http://www.bonanzagoldfields.com/tarantula.html  

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Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD Bonanza Goldfields Corporation - -

David Janney
President and CEO

www.bonanzagoldfields.com

SOURCE Bonanza Goldfields Corp.