Bonanza Goldfields gets final trench update from Gold Explorations LLC

PHOENIX, AZ, March 26 /PRNewswire-FirstCall/ – Bonanza Goldfields Corp (BONZ:OTCBB)IS pleased to announce that it has received a final update on the last part of Phase 1 of trenching on our two unpatented placer claims (320 acres) located in the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains.

Gold Explorations LLC reports that Phase 1 trenching has been completed on the BRB Project. A total of 1403 feet of trenching was sampled for placer gold and rock samples taken where favorable rocks were encountered. As previously mentioned two mineralized zones were uncovered in Trench #1.

Trench #2 was designed to explore for placer gold only and only 2 rock samples were taken from moderately silicified material.

Trench #3 encountered mineralization in the last 30 feet at the extreme south end of the trench. This visible mineralization consisted of pyrite, sphalerite and galena. The rocks were intensely silicified with abundant iron and manganese oxides.

“From our visual inspection of the obviously mineralized rock samples we feel that we have a good chance to develope an orebody at depth, possibly to the south. However the assays will point us in the direction of our next phase” said Steve Karolyi

Chris Tomkinson states “we only needed to do just over 1400 feet of trenching in Phase 1. This leaves 1600 feet available to trench in Phase 2 under our current BLM approval of 3000 feet. Once we ship our assays and get results we can strategize the area to concentrate Phase 2 to develop the ore body further.”

About Bonanza Goldfields Corp.

Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company owns the mining rights to two unpatented placer claims in the Black Rock Basin (BRB), located on 320 acres of BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from the BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper. For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com

Certain statements contained in this news release that are not based on historical facts are “forward- looking statements” and are prospective. These statements may appear in a number of different places in this news release and can be identified by words such as “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for Bonanza’s future operations, plans and statements about future market conditions, supply and demand conditions, forecasts of future costs and expenditures, and other expectations, intentions and plans that are not historical fact. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of Bonanza. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance those actual results or developments anticipated will be realized.

Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Bonanza Goldfields Corp. reports that will be on file with the US Securities and Exchange Commission.

SOURCE Bonanza Goldfields Corp