Bold Ventures Inc. provided an update of Bold's Koper Lake Project that is located contiguous to the mining claim hosting the Noront Resources Ltd. ("Noront") Eagles Nest Nickel-Copper-PGE deposit. The Koper Lake Project hosts the Black Horse Chromite Resource that is contiguous to the east end of Noront's Blackbird Chromite deposit. The Black Horse Chromite Resource has a published inferred resource containing 85.9 million tonnes grading 34.5% Cr2O3. Recently, two competing offers have emerged for control of Noront Resources Ltd. Bold optioned the Koper Lake claims from Fancamp Exploration Ltd. in 2012 and has the right to earn up to a 100% interest in the claims, subject to certain royalties. In turn, the Company optioned a portion of its right to earn up to a 100% interest in the Koper Lake claims to KWG Resources Ltd. ("KWG"). At that time, the property interests were divided into two commodity streams for the purposes of the KWG option. The two streams consist of chromite and "all other metals". By fulfilling the optional terms of the Bold-Fancamp Option Agreement, KWG has the right to earn up to 80% of Bold's interests in chromite found within the claims, while Bold retains up to a 20% carried interest. Concurrently, KWG has the right to earn up to a 20% working interest in "all other metals" and Bold will earn up to an 80% working interest in "all other metals". At this time, KWG has fulfilled the terms required for Bold's first 50% earn-in interest and as a result KWG has earned a 40% working interest in chromite and Bold retains a 10% carried interest in chromite. Bold holds a 40% working interest in "all other metals" and KWG holds a 10% working interest in "all other metals". KWG is the Operator of the chromite exploration work. Fancamp Exploration Ltd. owns the remaining 50% interest in the claims.