Bold Ventures Inc. announced that it has received all of the gold assay results from its recently completed diamond drilling program in the Ring of Fire area of the James Bay Lowlands. Multi-element results from three holes are still pending. The program entailed 1,616 metres of drilling in nine holes to test anomalies 52, 53, 54 and 56. These anomalies were interpreted to host sulphide bearing rocks with a geophysical signature comparable to the geophysical signature related to the Noront Resources Ltd. Eagle One discovery that hosts nickel/copper bearing massive sulphides. AREA 53 CLAIM GROUP: Four holes; B53A-12-01 (abandoned in overburden) and 02, B53B-12-03, and B53C-12-04 totaling 508 metres were drilled on the Area 53 Claim Group to test three VTEM Anomalies. No economically significant mineralization was encountered. The VTEM Anomalies were explained by sulphide (pyrite, pyrrhotite) bearing iron formation. AREA 56 CLAIM GROUP: Three holes B56C-12-01, 02 and 03 totaling 564 metres where drilled on the Area 56 Claim group. Drill hole B56C-12-01 encountered a zone of semi-massive to massive pyrite-pyrrhotite mineralization hosted within a quartz sericite schist unit between 163.6 and 169.9 metres that contained anomalous gold values of 0.8 gpt/2.3 metres. Drill hole B56C-12-02 intersected several bands of chert-magnetite iron formation. Between 118.0 and 126.0 metres the iron formation was found to contain up to 3-5% arsenopyrite and pyrrhotite. Elevated gold values up to 0.6 gpt/2.0 metres (between 124.4 and 126.4 metres) were associated with this zone. Hole B56C-12-03 was subsequently collared to test the arsenopyrite bearing zone approximately 50 metres below B56C-12-02. It again encountered anomalous gold values associated with the arsenopryite bearing sections of the iron formation (0.4 gpt over 5.7 metres, from 174.8 to 180.5 metres). AREA 52 CLAIM GROUP: On the Area 52 Claim Group, two holes B52A-12-01 and B52B-12-02 (279 metres) were drilled to test two VTEM Anomalies. Hole B52A-12-01 returned strongly anomalous gold values of 1.0gpt/5.6 metres between 66.95 to 73.50 metres. The gold values where associated with a zone of strong quartz veining. Hole B52B-12-02 returned a narrow zone of 0.7gpt gold between 109.3 and 109.6 metres associated with a zone of arsenopryite bearing quartz veins.

The company also announced that it has appointed Rodger Roden C.A. as Chief Financial Officer of the Company. Mr. Roden is a Chartered Accountant with more than 25 years of industry experience. He has worked as Vice President of Finance/Chief Financial Officer with public and private companies in a broad range of industries including the mineral sector. Mr. Roden replaces Amy Stephenson who remains a consultant to the company.