IRW-Press: Bonifaz Gold Plc Reduces Issued Share Capital

by Press Office

(IRW-PRESS and WireNews+Co) - Vienna, Austria - 18 October 2012

Bonifaz Gold Plc (BG), (BOG2.F – WKN: A1JUFK) herewith announces that the Issued Share Capital has been reduced to 72,600,229. This is a reduction of ca. 25% percent.

Oscar A. Bonifaz, CEO states, “This reduction of shares is due to cancellation of shares that had not been paid for by shareholders, thus leading to forfeiture. Accordingly, each current share has increased in value. We hope that the stock price will show this change in value in the near future.”

To further strengthen the current shareholders trust in the company, the founding shareholders have decided to lock-up their share positions for a period of 12 months, starting this month of October. This will restrain another 63,000,000 shares from being free trading on the market. With this voluntary procedure the founding share holders show their ongoing belief and long term investment in the business case of Bonifaz Gold PLC.

BONIFAZ GOLD PLC (BG) is a British mining company with metallic and non-metallic operations and mineral deposits throughout Bolivia, South America. The Bonifaz Gold group has been operating since 1992 and used its knowledge, experience and resources to acquire and accumulate some of the richest gold and non‐metallic ore reserves in South America. The BG group currently has 44 mines in Bolivia, covering 10,670 hectares (26,366 acres) and representing approximately US$ 9 billion (€7 billion) of proved and probable reserves.

Further information can be found on the BONIFAZ GOLD PLC website at: www.BonifazGold.com (http://www.BonifazGold.com).

Contact
IR-Contact Germany
Hans Joachim Bischoff
Telefon: +49 (0) 511 165 965 – 40,
bischoff@st-ir.de (http://www.wirenews.co/mailto:bischoff@st-ir.de)

UK Business Address
BONIFAZ GOLD PLC
88 Wood Street, 10th Floor
London EC2V 7RS, United Kingdom

Registered Address in England and Wales
BONIFAZ GOLD PLC
Acre House, 11-15 William Road
London NW1 3ER, United Kingdom
U.K Company No. 07432940

Disclaimer:

This press release contains forward-looking statements based on beliefs of BONIFAZ GOLD PLC management. When used in this press release, words such as 'anticipate', 'believe', 'estimate', 'expect', 'intend', 'plan' and 'project' are intended to identify forward-looking statements. Such statements reflect the views of Bonifaz Gold as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Bonifaz Gold disclaims any intention or obligation to update these forward-looking statements.

The data on proved and probable reserves of minerals have been calculated and inferred based on multiple geological and metallurgical studies carried out by independent geologists and mining professionals and may not necessarily coincide with various classes of mineral resources as defined by the Canadian Institute of Mining (CIM).