Aberdeen Gould Inc. (www.aberdeengould.com) has successfully raised and closed a $690,000 oversubscribed private placement financing for United Bolero Development Corp.

United Bolero Development Corp. (www.unitedbolero.com) of Vancouver, B.C., is a publicly listed company trading on the TSX Venture Exchange (symbol: UNB). The company is in the exploration and development of natural resource properties, with a core focus on molybdenum (Mo). It currently holds molybdenum and copper properties in Montana, U.S.A., and molybdenum and gold properties in Ontario, Canada.

The proceeds of the private placement will be used to further develop the Bald Butte molybdenum quarry project in Helena, Montana and the South Baird gold property in Red Lake, Ontario, as well as for general working capital purposes.

The Company has installed a screening plant at its Bald Butte quarry
operations, and expects to be milling about 4,800 lbs of molybdenum
per day for a total of over 1,000,000 lbs of MoS2 in about 8 months.
At their South Baird property, the Company can earn up to a 75%
interest, and recently began the exploration drilling process.

Aberdeen Gould Inc. is a Toronto, Ontario based investment bank
that provides equity and debt financing, as well as merger and acquisition services to small and mid-market private and public
companies. It is a Registered Limited Market Dealer with the
Ontario Securities Commission.