BON Bonaparte Resources Inc.

Bonaparte Resources Inc. (TSX VENTURE: BON) ("Bonaparte" or the "Company") announced today that it has closed the private placement previously announced on December 15, 2010 and December 17, 2010. A total of 3,000,000 units were sold under the offering, for gross proceeds of $1,200,000. In connection with the offering, the Company paid finders' fees in the aggregate amount of $81,920. The units were sold pursuant to various exemptions from the prospectus and registration requirements of applicable securities laws, and in Canada are subject to a four-month hold period expiring May 1, 2011.

ON BEHALF OF THE BOARD OF DIRECTORS

Randy Saunders, CEO and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Bonaparte Resources Inc. Randy Saunders CEO (604) 484-8750 (604) 484-8755 (FAX) www.bonaparteresources.ca