Bonanza Goldfields Announces New Director and Tarantula Project Manager

PHOENIX, June 29, 2011 /PRNewswire/ -- Bonanza Goldfields Corp.(OTC: BONZ) ("Bonanza" or the "Company") is pleased to announce the appointment of William C. Berridge to the Board of Directors. Mr. Berridge was also named the Project Manager for Bonanza's Tarantula (Hull Lode) placer claims project.

William C. Berridge, P.G., is the Founder, President/CEO, and Chairman of Auric Resources International, Inc. Mr. Berridge is a Qualified Person (QP) for preparing NI 43-101 technical reports written under CSA & CIM Standards & Guidelines. He is registered as a Professional Geologist in Wyoming and has over 35 years of exploration & development experience. He is also a member of the Geological Society of America (GSA), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), the Geological Society of Nevada (GSN), the Arizona Geological Society (AGS), the Society of Mineral Analysts (SMA) and a Founding Registered Member of the Society for Mining, Metallurgy and Exploration (SME). Mr. Berridge has a long-term commitment to the Wickenburg/ Congress/Weaver Mountain Mining District geographic area.

Commenting on the development, Bonanza Goldfield's CEO David Janney stated: "Fully engaging Bill Berridge with his experience and credentials is truly a significant development for Bonanza. His impact and discoveries have been enormous, and with the completion of his technical work, I have full confidence in Bill to bring the Tarantula (Hull Lode) Project to its full potential.."

About Bonanza Goldfield's Tarantula Project: Tarantula's neighboring Congress mine between 1887 and 1959 produced 400,000 ounces of lode gold. With extensive placer production, hard rock drilling and field research on the Tarantula adjacent property, Bonanza's management, working in tandem with the leadership of Bill Berridge, plans to develop its long-term economic production plan regarding the veins on the property believed to be the same veins that put the Congress Mine on the map.

About Hull Lode and Tarantula Claim placer and hard rock project: http://www.bonanzagoldfields.com/tarantula.html

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Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mining exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

ON BEHALF OF THE BOARD- -

David Janney
President and CEO
Bonanza Goldfields Corporation
www.bonanzagoldfields.com

Contact:
Steven Ragan
VP of Corporate Communications
800-971-2669

SOURCE Bonanza Goldfields Corporation

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