“BONAVENTURE ENTERPRISES INC. (TSX VENTURE:BVT)(FRANKFURT:YQG) is pleased to issue the second set of surface grab sample assay results from the 162 km2 uranium enriched K9 Uranium Property or “K9”, located in the James Bay Mining District, Quebec.

The Company has received an additional 46 blasted surface grab sample assay results from the 7 km long uranium corridor. The average chemical assay grade from the samples is 0.14% U3O8 (2.85 lbs/ton U3O8) within a range of 0.03% U3O8 (0.54 lbs/ton U3O8) to 0.42% U3O8 (8.31 lbs/ton U3O8). The total K9 database from 2007 now includes 91 surface grab sample assays. The average chemical assay grade from the samples is 0.14% U3O8 (2.85 lbs/ton U3O8) within a range of 0.01% U3O8 (0.14 lbs/ton U3O8) to 0.89% U3O8 (17.17 lbs/ton U3O8) (refer to the appended table for a complete listing of all 91 assays).

Mr. Jean Lafleur, P. Geo., President & CEO, stated: “The latest exploration results on K9 has increased our level of comfort in the continuity and grades of near surface uranium mineralization, confirming even at this early stage of exploration, a significant two-dimensional uranium system covering 5.25 km2 in near-vertical dipping layered gneisses, granites and pegmatites. The uranium system is open laterally and at depth. A depth of 25 m could translate to a potential volume of more than 350 million tonnes of uranium bearing material. The planned 20,000 m drill campaign will be instrumental in determining the overall three-dimensional size of the uranium system.

Unforeseen delays in the financing process in late 2007 have pushed the drilling towards March 2008, when ice conditions should be optimum for hauling drills to site and for local ground transportation. The delay will not impact the Company´s exploration time line as set out in Q3-2007.”

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Man dubblade alltså ungefär antalet prov “grab samples”, med fortsatt goda indikationer på uranförekomst på K9. CEO Lafleur konstaterar att om uranförekomsten når ner till 25 meters djup (över hela den stora ytan) finns potential för hela 350 miljoner ton uranhaltigt material.

Det motsvarar, med antagen “Rössing-typisk” uranhalt på 0.03 % ca 231 M pounds uran, vilket om det blir utfallet skulle mångfaldiga BVTs kurs till troligen över 10 CAD, mot 0.29 CAD senast betalt.

Risk/reward känns som i PVE-klass ungefär, men absolutrisken är betydligt högre så man bör nöja sig med en liten aktiepost.