Bonaventure Update on Winter Drilling at K9: Financial News

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Apr 1, 2008 -- BONAVENTURE ENTERPRISES INC. (CDNX:BVT.V - News)(Frankfurt:YQG.F - News) is pleased to provide an update on its previously announced start of the 2008 drilling program at the Company's K9 Uranium Property ("K9") in the James Bay Mining District.

Up to 14 near surface uranium targets from the K9 uranium corridor are being drilled using two core drill rigs. To date, a total of 1,623 m of NQ-sized coring has been completed in 8 holes, with 2 holes in progress, centered on Target 8 that encompasses Targets 4 thru 9, part of the original 1,200 m by 1,000 m "A" Zone.

Drill core descriptions and sampling of the first 8 holes has been completed, as well as down hole scintillometer surveying. The exploration team has been able to recognize key uranium-bearing lithologies, alterations and structures, as observed at surface in 2007. The average 150 m long drill holes show continuous radioactive zones with spiky down hole radiometric signatures which have been correlated with uranium-bearing radiometric highs recorded in up-dip surface outcrops, thus adding to the three-dimensional picture of the K9 uranium corridor. However, U3O8 assay results are still pending and will be issued as they become available.

The first 38 proposed drill holes for approximately 6,000 m will test all of the bedrock anomalous areas of Targets 1 to 14 (refer to the appended table for a listing of the diamond drill holes) along the 7 km K9 uranium corridor. Additional drilling is planned to delineate zones of higher grade uranium and mineral resource definition.

The salient features of the K9 Uranium Corridor (refer to previous Bonaventure news releases dated October 1, October 16 and November 12, 2007; and February 20 and March 4, 2008) are:

- A primary (surface) 7 km long uranium anomaly averaging 675 m in width;

- Equivalent uranium assays (or eU3O8) from a total of 522 readings in the corridor averaged 0.05% eU3O8;

- Equivalent uranium assays from 94 individual bedrock surface samples taken from the corridor averaged 0.12% eU3O8;

- 91 of 94 bedrock samples chemically assayed averaged 0.14% U3O8 (2.80 lbs/ton U3O8); and

- Equivalent uranium assays from 88 readings of surface outcrops of the Target 8 sector currently being drilled averaged 0.08% eU3O8; whereas chemical assays from the 26 bedrock samples averaged 0.21% U3O8.

Exploration to date on K9 indicates a significant two-dimensional uranium system covering 5.25 km2 in the near-vertical dipping lithologies. The uranium system is open laterally and at depth. K9 is being explored for Rossing-type uranium, a very large low grade, essentially mono-mineralic uranium deposit (with associated thorium) that is mined as a large-scale open-pit operation in Namibia. The principal exploration target is multiple uranium-bearing pegmatites, upwards of 30 m in thickness, in gneisses. Mining volume is usually created by the emplacement of many pegmatites in close proximity. This type of mineralization generally shows kilometric airborne radiometric anomalies for uranium similar to what is found at K9. Uranium levels in the pegmatites are 25 times background between 0.0075% (0.15 lbs/ton) to 0.01% (0.20 lbs/ton) U3O8. The Rossing Deposit average grade is around 0.032% (0.64 lbs/ton) U3O8, or approximately 100 times background values. At current uranium prices, it is conceivable that the Rossing Deposit can be economically mined at a grade as low as 0.008% (0.16 lbs/ton) U3O8 or approximately 25 times background values.

The information contained in this release was prepared and revised by Mr. Jean Lafleur, P. Geo., President & CEO of Bonaventure Enterprises Inc., and a Qualified Person under National Instrument 43-101 standards.

About Bonaventure Enterprises

Bonaventure Enterprises Inc. is a Canadian based resource and exploration company traded publicly under the symbol BVT on the TSX Venture Exchange and YQG on the Frankfurt Stock Exchange. In Nevada, the Company holds 100% of the mineral exploration properties including Goldfield, Cottonwood, Jet and Northern Lights. The Company also has an option agreement with U.S. Gold Corporation (Toronto:UXG.TO - News) to acquire up to 60% interest in the New Pass (Eureka) and Squaw Creek (Carlin Trend) Properties. Bonaventure also has uranium, poly-metallic and diamond assets in the Athabasca Basin, uranium properties in the James Bay and North Shore regions of Quebec. Bonaventure is focused on the creation of shareholder value and building a first-tier company through the acquisition and development of large projects demonstrating the ability to host World-Class mineral deposits. Please visit the Bonaventure Enterprises website at www.bonaventure.us.

ON BEHALF OF THE BOARD

Jean Lafleur, P. Geo., President and CEO

This news release may contain forward-looking statements reflecting the Company's objectives, estimates, expectations and the impact of acquisitions on the Company's financial performance. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from the Company's projections or expectations.

 

Diamond drill hole coordinates and statistics from the 2008 campaign.

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                                         PROPOSED       COMPLETED
                              AZIMUTH/     LENGTH          LENGTH    TARGET
DDH #     EASTING   NORTHING       DIP         (m)             (m)     SITE
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K9-01      411703    6060267   205/-60        150             150        8B
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K9-02      411753    6060358   205/-60        150             150         1
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K9-03      411808    6060436   205/-60        150   to be drilled         8
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K9-04      411673    6060170   205/-60        150             146        8B
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K9-05      411633    6060098   205/-60        150             150         8
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K9-06      411593    6060016   205/-60        150             150        8A
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K9-07      411540    6059910   205/-60        150             150        8A
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K9-08      411659    6059951   205/-60        150             148         5
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K9-09      411608    6059875   205/-60        150             291(i)     8A
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K9-10      412100    6060594   205/-60        300   to be drilled         5
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K9-11      411503    6060285   205/-60        200   to be drilled        8A
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K9-12      411458    6060197   205/-60        200              87(i)     8A
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K9-13      411418    6060105   205/-60        200             201        8B
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K9-14      411122    6060612   205/-60        150   to be drilled         7
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K9-15      414084    6059462   205/-60        150   to be drilled         5
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K9-16      414065    6059497   205/-60        150   to be drilled        13
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K9-17      414143    6059461   205/-60        150   to be drilled        13
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K9-18      414239    6059420   205/-60        150   to be drilled        13
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K9-19      413344    6059759   205/-60        150   to be drilled        13
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K9-20      413346    6059745   270/-60        150   to be drilled        13
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K9-21      413196    6059804   205/-60        150   to be drilled        12
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K9-22      412952    6059749   205/-60        150   to be drilled        11
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K9-23      412673    6060249   240/-60        150   to be drilled        12
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K9-24      412348    6060225   205/-60        150   to be drilled        11
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K9-25      411792    6060210   205/-60        150   to be drilled        10
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K9-26      411902    6060426   205/-60        150   to be drilled        10
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K9-27      411488    6060468   205/-60        150   to be drilled        8B
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K9-28      411130    6060165   205/-60        150   to be drilled         8
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K9-29      410550    6060351   205/-60        150   to be drilled         6
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K9-30      410639    6060314   205/-60        150   to be drilled         4
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K9-31      410532    6060761   205/-60        150   to be drilled         2
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K9-32      410488    6060664   205/-60        150   to be drilled         2
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K9-33      410439    6060566   205/-60        150   to be drilled         1
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K9-34      410577    6060857   205/-60        150   to be drilled         1
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K9-35      410598    6060450   205/-60        150   to be drilled         1
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K9-36      410091    6060765   205/-60        150   to be drilled         2
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K9-37      410167    6060885   205/-60        150   to be drilled         2
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K9-38      409614    6061197   205/-60        150   to be drilled         1
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                                 TOTAL    6,000 m         1,046 m
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(i) Drilling in progress

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