Try an impact wrench on the bolt.
Be careful using heat as the mounting lugs for the caliper are aluminum and you run the risk of cracking them with a torch.
If there is room, grab the outside of the bolt head with the biggest, nastiest pair of Vice Grips you can find and remove it that way.
If none of that works, use something like a Dremel tool with a cut-off wheel in it and grind a slot into the head of the bolt, then use a large straight- slot screwdriver to unscrew the bolt. Again, an impact wrench would be useful with the straight- slot screwdriver bit too.
Last option would be to drill the head of the bolt out, remove the caliper and then unscrew the remains of the bolt by grabbing the shaft with Vice Grips or a small pipe wrench.
Brian
Does anyone have some tips on how to remove a frozen caliper mounting bolt? I got the right side mounts off, and the bottom bolt on the left side but the top one wont budge. I've heated the mounting bracket repeatedly but still no luck. Its getting to the point where the bolt head and allen wrenches are beginning to round. Is there a way to remove the tire with only one caliper off? I need to remove the tire so i can replace the tpms battery. Thoughts?