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RESOURCES

Table 1. MEASURED & INDICATED GOLD MINERAL RESOURCES

Property

Classification

Tonnes

Average Grade
(grams/tonne Au)

Contained
Ounces of Gold

Copperstone

Measured + Indicated

�970,700

10.73

�334,929

Fenelon

Measured + Indicated

� 47,927

19.61

� 30,217

TOTAL

Measured + Indicated

365,146

Table 2. ADDITIONAL INFERRED GOLD MINERAL RESOURCES

Property

Classification

Tonnes

Average Grade
(grams/tonne Au)

Contained
Ounces of Gold

Copperstone

Inferred

�189,604

10.87

�66,000

Fenelon

Inferred

27,245

12.97

� 11,000

Taurus

Inferred

21,150,000

� 1.07

725,000

Northway

Inferred (a)

13,650,000

� 1.48

650,000

Gold Bar

Inferred (b)

1,475,000

� 3.12

148,000

TOTAL

Inferred

��

1,600,000��

Resources shown in Table 2 are in addition to the Measured and Indicated resources shown in Table 1.� All resources shown in Tables 1 and 2 are NI 43-101 compliant resources except (a) represents Bonanza�s 75% share of the total historic, non NI 43-101 compliant resources completed by Cyprus Canada Inc in 1994 and (b) historic, non NI 43-101 compliant resources recently shown to extend to the north and east with additional follow-up drilling planned (see Dec. 1, 2005 news release).� Investors are cautioned not to rely upon these historic estimates.�

Table 3. COPPERSTONE MINERAL RESOURCE (Cutoff grade = 5.1 g/t Au)

Zones

Classification

Tonnes

Average Grade
(grams/tonne Au)

Contained Ounces of Gold

A, B, C and D

Measured + Indicated

970,700

10.73

334,929

A, B, C and D

Inferred

189,604

�10.87

� 66,000