Bonaventure launches winter drill campaign at K9

Bonaventure Enterprises Inc. announces the start of its 2008 winter drilling program at the Company’s flagship 161.5 km2 K9 Uranium Property (K9) in the James Bay Mining District. Three high-priority and near surface uranium targets have been selected for drilling over the next several months, utilizing two core drill rigs.

Specific drill targeting utilized the available database from 2007 and earlier incorporating airborne magnetic, electromagnetic and radiometrics, high resolution ground spectrometer surveys, geologic mapping, blasted bedrock surface sampling and assaying, and modeling of the combined geophysics, geology and geochemistry. Work in 2007 outlined a primary, near surface uranium corridor some 7 km in length and averaging 675 m in width, within a 30 km long secondary uranium regional lake-bottom sediment anomaly.

Uranium is present as disseminated uraninite within paragneisses, pegmatites and granites along a series of NW-SE hills averaging more than 65 m in height. Exploration to date 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. The planned 20,000 m drill campaign in 2008 will be instrumental in determining the overall three-dimensional size of the uranium system. Drilling will initially cover the central portion of the uranium corridor along a 2.5 km strike length. The initial footage planned is about 10,000 m.

K9 is being explored for Rossing-type uranium. The Rossing Uranium Deposit (in Namibia, SW Africa) is a very large low grade, essentially mono-mineralic uranium deposit (with associated thorium) that is mined as a large-scale open-pit operation. The principal exploration target is multiple uranium-bearing pegmatites in gneisses. Individual pegmatites may range upwards of 30 m in thickness and mining volume is usually created by the emplacement of many pegmatites in close proximity as is the case at Rossing. This type of mineralization generally shows kilometric airborne radiometric anomalies for uranium and thorium similar to what is found at K9.