Bonanza Goldfield Corporation announced that the Board of Directors has unanimously named Peter Cao interim President and Chief Executive Officer. In conjunction with this action, Scott G. Geisler has tendered his resignation as an officer and director with the company. In addition to the new positions, Peter Cao also serves as a Director of Bonanza Goldfields Corp., and an advisor to International Gold Mining Reserve Corporation (IGMR). Prior to IGMR, Mr. Cao was vice president of commercial lending at United Americas Bank, where he was recognized for creating a high-performing portfolio of commercial loans.