VANCOUVER, Feb. 14 /CNW/ - United Bolero Development Corp. (the "Company" or "United Bolero"), (TSX-V: UNB) is pleased to announce the appointment of Bruce Parker, P.E. as project manager for the company's wholly owned Cannivan Gulch Molybdenum project. Mr. Parker will spearhead the permitting and further development of the Cannivan Gulch property located in Beaverhead National Forest near Divide, in south western Montana. The Cannivan Gulch deposit was originally discovered by Cyprus Exploration Company in 1968. From 1969 through 1982 Cyprus, now Amoco Minerals, conducted a detailed exploration program costing in excess of $5 million, including over 90,000 feet of diamond drilling in 56 holes and in excess of 2500 feet of underground development. Amoco calculated a drill indicated resource, (utilizing Kriging and floating cone methods) of 300.5 million tons averaging 0.100% MoS2 (360.6 million pounds of contained molybdenum) with a waste to ore stripping ratio of 0.9:1. Although this calculation was performed by experienced professionals employed by a major international mining and development company, it is considered non 43-101 compliant and dated and therefore should not be relied upon. During the past year, the company has been able to digitize all available data from Amoco. Following studies of this data, management has concluded that there may be areas of higher grade within the deposit of near term economic interest. Generally, drilling was on 400 foot centers in vertical holes. Of particular interest are the results of vertical drill hole DDH CG-22 which intersected 640 feet (195 meters) of 0.288% MoS2, from 550 feet to 1190 feet including 50 feet (15.2 meters) of 0.516% MoS2 from 690 feet to 740 feet and 40 feet (12.2 meters) of 0.544% MoS2 from 810 feet to 850 feet. (Assay values are the averages from 3 different assay labs utilized by Amoco). One of Mr. Parker's priorities will be the submittal and approval of permits for a drilling program which would include drilling additional holes in the GC-22 area. Bruce Parker is a native of Montana, an Honors graduate of Montana State University and is a registered Professional Engineer in Montana, Idaho, Nevada and New Mexico. He has operating and engineering experience in the mining industry in Montana. He was the site manager on the recently completed closure and reclamation of a large open pit heap leach gold mine in an alpine setting in south western Montana. President R. Bruce Duncan states, "I am delighted that we are able to attract hands-on, capable operations people such as Mr. Parker to our team at United Bolero. Mr. Parker will play a pivotal role in assisting the company to realize the potential of this property." L. Joseph Bardswich P. Eng. (Ontario), a director of the company, is the "Qualified Person" (as such term is defined in National Instrument 43-101) responsible for the preparation of the technical information in this release. On behalf of the Board of Directors "R. Bruce Duncan" President & CEO The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of the contents hereof. Certain information included in this press release is forward looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. The statements in this news release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are subject to the safe harbour created by these sections. Actual results may differ materially from the Company's expectations.