Bonanza Mining Corporation reported that a recently prepared Shag property National Instrument 43-101 report has been accepted for filing by the TSX Venture Exchange and can be viewed on Bonanza's SEDAR profile. As well, Bonanza has commenced an IP survey on the Shag property which is expected to be completed in approximately 2 weeks. The Shag property is located in the Rocky Mountains of southeastern British Columbia approximately 24 km due east of Radium Hot Springs and 35 km northeast of the town of Canal Flats and can be readily accessed by good logging roads from both of those towns. There are two active mines in the area: Baymag Inc. mines magnesite at its Baymag mine on the Cross River approximately 20 km north of Shag and CertainTeed Corp. mines gypsum at its Kootenay West mine approximately 45 km southwest of Shag, near Canal Flats. There are numerous lead/zinc occurrences similar to Shag in the southern Rocky Mountains, including the past producing Monarch and Kicking Horse lead­zinc mines near Field, British Columbia, and the Paint Pots and Hawk Creek zinc occurrences in Kootenay National Park to the north. South of Shag, similar zinc occurrences include Munroe Lake, Alpine, Boivin and the Oldman River (Bearspaw). As well the Fen claims cover a lead/zinc project at the head of Fenwick Creek, approximately 20 km southwest of Shag. See the attached map. The Shag property contains twenty separate lead, zinc and silver stratabound MVT style mineral occurrences hosted within three separate horizons in middle Cambrian age dolostone rocks. Since 1977 there have been numerous historical exploration programs conducted on the property including soil and rock sampling surveys, IP and VLF-EM geophysical surveys, geological mapping and four separate diamond drilling programs. Rio Tinto Ltd. conducted two small, shallow drilling programs in 1978 and 1979, the 1978 drill program having consisted of drilling 159.5 metres in 3 drill holes along the BM mineralized horizon, and the 1979 drill program, which was also small and consisted of drilling 6 shallow drill holes totaling 460.6 metres along the C-4 mineralized horizon. Esso Minerals also conducted two small, shallow drill programs in 1981 and 1982, both along the Red Bed mineralized horizon. The 1981 drill program having consisted of drilling 152 metres in 4 drill holes and the 1982 drill program, which was also small and consisted of drilling 6 shallow drill holes totaling 460.1 metres. The Geological Survey of Canada has conducted a regional airborne magnetic survey over southeastern British Columbia and southwestern Alberta that outlined a 30 km wide magnetic low anomaly trending northeasterly for approximately 200 km from Canal Flats, British Columbia to Red Deer, Alberta. This anomaly is a major basement fault zone that trends under the Shag property and is named the Red Deer lineament. The style of lead-zinc mineralization on the Shag property is a similar style as the MVT lead-zinc mineralization at Pine Point, Northwest Territories where numerous deposits were located and mined in Devonian age carbonate rocks along a similar basement fault zone named the Great Slave Shear Zone. Cominco Ltd. found that IP surveys were the most effective geophysical technique for locating lead-zinc deposits within the Pine Point mining district and is the reason why Bonanza has chosen to conduct an IP survey along the Albert river valley on the northern portion of the Shag property. The three zinc-lead mineralized horizons on the Shag property occur in the Eldon and Waterfowl formations which are higher in the stratigraphic section than the Cathedral formation which hosts the past producing Monarch and Kicking Horse mines along strike near Field, British Columbia and is the most prospective formation in the district.