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DALLAS, TEXAS – October 27, 2010: Bonanza Resources Corporation (the “Company”) is pleased to announce the appointment of Richard Green to the Company’s board of directors. Richard Green has over 36 years of experience in the oil and gas industry. Mr. Green has been a director of LNG Energy Ltd. since August 2006. He was the Chief Executive Officer, President and a director of Saxon Oil Company from 2006 to 2009 and Senior Vice- President of LaRoche Petroleum Consultants Ltd., a private Texas oil and gas consulting corporation, prior to that. He has worked for Shell Oil Company and several independent oil companies and founded his own exploration and production firm from 1986 to 1993. He also served as Vice-President of Geology for Netherland, Sewell & Associates. Mr. Green is a graduate from Kansas State University with a B.S. and is a member of numerous professional societies. He is also an AAPG Certified Petroleum Geologist and Registered Geoscientist – Kansas and Texas. The Company also announces the resignation of Mel Slater as a director of the Company. About Bonanza Resources Corporation: Bonanza Resources Corporation is listed on the TSX.V Exchange under the symbol BRS. The Company is an independent international oil and gas company focused on the development and production of international oil and natural gas reserves. For further information, please contact David Russell, Director of Investor Relations at (214) 699-9470 NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The Berkshire at Preston Center 5950 Berkshire Lane, Suite 125, Dallas, Texas 75225 Telephone: (214) 699-9470 CW3807289.1