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NTR Metals and Bonanza Goldfields Sign Precious Metals Refining Contract

Bonanza Goldfields Corp. (OTC Bulletin Board: BONZ) ("Bonanza" or the "Company"), has entered into a precious metals refining contract with NTR Metals, LLC.

Bonanza Goldfields is negotiating contracts with local production teams to do extensive bulk sampling which is expected to generate revenues immediately for the Company. A leading geologist from the Phoenix area has been hired by Bonanza to build out a detailed development plan.

Management is pleased with the high rate of progress and the dynamic nature of the Tarantula claim which will put Bonanza into first stage of production before the end of first quarter.

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