HOUSTON, Oct 09, 2008 -- Bonanza Oil and Gas, Inc.a Nevada Corporation and an independent oil and gas company, is pleased to announce the purchase of working interest in the Bourland Field in Ector County, Texas.

The Bourland Field consists of a 960 acre unit with 8 producing wells from the San Andres formation at 4400', known as the Edwards Unit. The unit currently produces 13 BOPD. There are 9 additional drilling locations which should increase production to approximately 160 BOPD. The Bourland should add a range of 800,000 BO to 1,200,000 BO in reserves. The Bourland is scheduled to commence drilling in the fourth quarter 2008. Bonanza purchased the property for $750,000, and will retain a 75% working interest in the property.

About Bonanza Oil & Gas, Inc. Based in Houston, TX, Bonanza Oil and Gas, Inc. holds assets ranging from current producing properties, wholly owned prospects, to developing working interests in Proven Undeveloped (PUDS) properties.

About Viewpoint Securities, LLC Viewpoint Securities, LLC is the financial advisor for Bonanza Oil & Gas, Inc. Viewpoint provides investment banking and merchant banking services to emerging companies within the oil and gas, mining and other natural resources sectors. The company's investment banking specialists are focused on delivering creative corporate finance solutions to fit the specialized needs of our clients. The group is headquartered in La Jolla, California. For more information you can contact the company at (858) 480-2800 or by email at info@vpsecurities.com. For more information go to: www.vpsecurities.com.