Marvion Inc (MVNC)

[Solantey]

Effective October 24, 2011, David Janney resigned as Chief Executive Office, Principal Financial Officer and as a member of the Board of Directors. Mr. Janney had no disagreement with the Bonanza Goldfields Corp (the "Company") on any matter related to the Company's operations, policies or practices

Effective October 26, 2011, Scott G. Geisler, the current President and Secretary, was appointed as Chief Executive Officer of the Company and was also appointed as a member of the Board of Directors. Mr. Geisler's biography is incorporated by reference to the Company's filing on Form 8-K on September 1, 2011.

Effective October 26, 2011, Pen-Mun Foo was appointed as Chief Financial Officer of the Company. Mr. Foo will be compensated with the grant of one million shares of Company common stock annually, such shares to be issued quarterly and up to $2,500 in monthly expense reimbursements. The letter agreement between Mr. Foo and the Company is attached hereto as Exhibit 10.1.