BOL Bold Ventures Inc

Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is pleased to
report that in keeping with its policy of positive First Nations relations, has
signed a Memorandum of Understanding ("MOU") with Marten Falls First Nation
("MFFN"). Marten Falls is a First Nation community located proximal to the
Company's Koper Lake project optioned from Fancamp Exploration Ltd. ("FNC"). 


The Koper Lake project is located in the Ring of Fire area of the James Bay
Lowlands, northeastern Ontario. The MOU outlines an understanding between the
parties to compensate MFFN for any impacts created by the project work within
MFFN traditional territory. The MOU also provides for local job creation,
respectful stewardship of the land and environment as well as the promotion of
business partnerships with MFFN and local service providers.


About The Koper Lake Project

The property contains a known occurrence of massive chromite called the Black
Horse occurrence. One drill hole intersected massive chromite interpreted to
have a true thickness of approximately 35 to 55 m; a second drill hole
intersected intercalated chromitite and peridotite beds followed by massive
chromite over interpreted true thicknesses of 20 to 25 m. (Please refer to
Fancamp press release dated December 27, 2011.)


Composite samples taken at strict regularly spaced intervals throughout the
massive chromite intersections had average Cr203 grades of 43 and 45%,
respectively. This occurrence was encountered at depths of approximately 850 m
vertically below surface. There is a prominent gravity anomaly south of the
chromite intersection, at a position along the 4 km strike length between Noront
Resources Ltd's Blackbird Cr deposit and KWG/Cliffs Resources Big Daddy deposit,
both of which are marked by similar gravity anomalies. (Please visit the
Company's web site www.boldventuresinc.com to view the sketches of the claim
group and their relation to the other Company's occurrences.)


Core angles in the deep chromite intersection support an interpretation of the
gravity anomaly as the up-dip extension of the chromite zone, suggesting that it
represents a significant chromite deposit with size potential similar to the
neighbouring deposits.


An exploration program is being planned to further detail and test the gravity
anomaly and chromite horizon with a number of diamond drill holes. The original
composite samples will be supplemented by infill sampling to ensure that the
entire chromite body has been assayed comprehensively in both holes.


In addition to chromite mineralization, FNC had encountered several narrow
intersections of interesting copper-nickel mineralization within ultrabasic
intrusive rocks in their previous exploration drilling programs. Of particular
interest for further testing within the Fancamp property is a north-south
striking magmatic conduit, possibly a feeder dike for the chromium
mineralization but also a possible host rock for copper-nickel mineralization
similar to the Eagle's Nest copper-nickel-PGM deposit in a similar north-south
striking magmatic conduit approximately 2 km to the west on Noront Resources
Ltd.'s property.


The Company can earn up to 60% of the Koper Lake project previously described as
the BVO project by completion of those terms contained in the Option Agreement
with FNC, more particularly described in the Company's press release dated May
7, 2012. 


Hunting For Elephants 

In further news, the Company reports that a further 896 km airborne VTEM survey
has recently been completed in the Ring of Fire area of the James Bay Lowlands.
Interpretation is underway and the Company will review the results and plan for
future follow up diamond drilling to explain any significant anomalies
encountered in the survey. This survey is a continuation of Bold's program of
searching in underexplored areas for large base and precious metals deposits.
Anomalies that are encountered during these airborne surveys serve to replace
those anomalies that have previously been eliminated by way of diamond drill
testing. It is management's belief that persistence is the key to effectively
employing this strategy of searching for elephant-sized deposits.


The technical information contained in this press release has been reviewed and
approved by Dr. James Mungall, Ph.D, P.Geo, Consulting Geologist and Associate
Professor, University of Toronto, where he holds the Keevil Chair In Ore
Genesis. who is a qualified persons under National Instrument 43-101.


Richard E. Nemis, President and CEO 

Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward-looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bold Ventures Inc.
Richard Nemis
416 864 1456
416 864 1443 (FAX)
www.boldventuresinc.com

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