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Bonanza Goldfields Corporation & Global Mining Capital Development Ltd. Sign Financial Advisory Agreement
November 29, 2011 2:30:00 PM ET

BONANZA hereby engages Global on an exclusive basis in China (including Hong Kong, Macau, and Taiwan areas etc.) for the term of this Agreement, and the Advisor hereby agrees, to advise, consult with, and assist the Company in various matters including, but not limited to (i) a review of the Company's business, operations and financial condition, including advising on capitalization structures, introduction of strategic partner in China and capital raising; (ii) acting as placement agent for a private placement (the "Private Placement") of approximately $10 million more or less with proceeds to be used primarily for mining, exploration, and general corporate purposes of BONANZA, a mining and exploration company.

Read More About The Financial Advisory Agreement: www.bonanzagoldfields.com/filing.html

About Bonanza Goldfields flagship project: The Tarantula Project is a contiguous block of over 500 acres of pre-1955, patented, private property claims and BLM claims in the Arizona Date Creek Mountains, containing both alluvial and mineralized quartz deposits. Bonanza's management strategy is to process feasible placer ore, while proving out hard rock structures. A Preliminary Geological Report of the claims and the immediate region is now being completed. Modern access for heavy equipment is already in place via Bonanza's privately constructed roads, and rail is localized. The claims are directly adjacent to the world famous historic Congress Mine, Arizona. The Congress Mine operated between 1887 and 1959 producing about 400,000 ounces of lode gold. Unique features appear ubiquitous throughout the immediate area, including greenstone dike extensions, deep placer gravel deposits, and vestiges of numerous pre-historic waterfalls. Additionally, lode gold possibilities exist due to the extensions of schist and mineralized quartz veins in the immediate area of the Congress Mine.

Read More about Tarantula:
http://www.bonanzagoldfields.com/tarantula.html

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.

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On Behalf of the Board

Scott G. Geisler
President
www.bonanzagoldfields.com

Contact:
Steve Ragan
VP of Corporate Communications
[e-mail]
928-251-4044