(“Bonanza”) engages in the acquisition, exploration and development of natural resource properties located in the United States, primarily in the State of Arizona. The Company currently owns two unpatented placer mineral properties totaling 320 acres on the Black Rock Basin (“BRB Claim Group”), located 25 miles southwest of Wickenberg in Maricopa County, Arizona.

BONZ has laid the groundwork to begin trenching and sampling on the Claim Group. To assist in its efforts, the Company has retained property manager, Gold Explorations LLC, whose team has in-depth experience in conducting past exploratory programs on the BRB. In partnership with Gold Exploration, BONZ expects to move its first assets into bankable/producing properties by mid-2010.

Through previous, extensive sampling, BONZ has identified exceptionally high-grade values of gold, silver, lead and zinc anomalies within the vast BRB. The Company has identified several favorable prospects for acquisition, and expects to close on two additional BRB claims in 2009 with more to follow in 2010. Bonanza's established infrastructure, technical expertise and growing asset base create a profitable platform for growth for the benefit of its shareholders.

Bullish Gold Market

A sharp downturn in the US economy, a tightening of the credit market and shaky consumer
confidence continue to drive up the price of gold. As the US dollar weakens compared to other world currencies, investors are seeking the security and stability of gold. World spot gold prices topped over $1,000 per ounce in September 2009, surpassing its highest level since March 2008. As the US crawls out of its economic downturn, many analysts predict gold prices will continue to skyrocket from $1500 to $1800 or more per ounce over the next several months.

Developing nations such as China are also accelerating the demand for gold production. China's national demand for gold increased 11% to 90 tonnes in August 2009 compared to the same period last year. Analysts believe it is is only a matter of time when China's gold production will be unable to keep up with the domestic demand of a 1.3 billion population.

In Arizona, deposits of numerous, yet-to-be exploited minerals lie on the southern part of the Vulture Mining District known as the Black Rock Basin (BRB) (see picture at right). Over the past two years, BONZ has taken over 400 soil and rock chip samples within the boundaries of its unpatented placer claims #1 and #2 , located in northeast ¼ Section 20 and southeast ¼ Section 17 of the BRB. Prior assay results revealed the presence of 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 within the Claim Group's boundaries.

Bonanza, along with Gold Exploration, continue to make steady progress in their first exploratory program. Gold Exploration has completed mapping and surveying on claims #1 and #2 and a topographical map has been created. This information was filed with the U.S. Bureau of Land Management (BLM) in a Notice of Intent (NOI) and bonds were posted as required to the State of Arizona. Upon BLM's approval of the NOI, anticipated by mid-October, Gold Exploration can begin backhoe trenching and sampling on its predetermined trench sites. Trench sites have been established at six gold soil anomalies that were previously proven to contain gold and other rich mineral reserves. Pending favorable assay results from Gold Exploration, BONZ intends to begin construction on new roads or make improvements to the land leading to these trench sites that can benefit a future drilling program.