Mr. David Graham reports

BOLD VENTURES ANNOUNCES CLOSING OF SECOND TRANCHE OF NON-BROKERED PRIVATE PLACEMENT, EXTENDS OFFERING, AND ENTERS INTO NEW CONTRACT WITH INVESTING NEWS NETWORK

Bold Ventures Inc. has completed the second closing of its non-brokered private placement of up to five million working capital units (WC units) and up to eight million flow-through qualified units (FT units). The WC units are priced at six cents per WC unit. Each WC unit comprises a share and a warrant. Each warrant and 10 cents can acquire an additional common share of Bold and may be exercised for a period of two years after which the warrant expires. Each FT unit is priced at eight cents. Each FT unit consists of a share and one-half warrant. A full warrant and 12 cents can acquire an additional common share for a period of two years after which the warrant expires. Proceeds from the sale of FT shares will be used to incur Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act.

A second closing of 125,000 FT units for gross proceeds of $10,000 has been effected. The securities issued are subject to a hold period expiring on Nov. 6, 2023.

Extension of the non-brokered private placement offering

Bold is extending the closing of its non-brokered private placement (see Bold press release dated June 1, 2023) consisting of up to a remaining 7,487,000 FT units for up to $598,960 and up to 4,616,667 working capital units for up to $277,000 for a further 30 days.

The private placement will remain open until the earlier of Aug. 4, 2023, and when fully subscribed. Contact info@boldventuresinc.com or call 416-864-1456 for more information.

Dig Media Inc. contract

Bold has signed an agreement for a new advertising and investor awareness campaign with Dig Media, doing business as Investing News Network (INN). Based in Vancouver, Canada, INN has offices in Toronto, New York and San Francisco. INN has been dedicated to providing independent news and education to investors since 2007. The term of the engagement is seven months with the option to renew for another six-month term. The cost of the campaign is $24,000 payable in $12,000 worth of Bold common shares for services rendered to Oct. 1, 2023, and $12,000 worth of Bold common shares for services rendered to Jan. 31, 2024. Per TSX Venture Exchange Policy 4.3 (Section 6.1), the deemed price of the securities to be issued will be based on the closing price the day before the payment is due. The transaction is subject to TSX-V approval.

INN will continue to expand Bold's name recognition and corporate message through digital and social media platforms, resulting in greater market awareness of Bold's high-potential projects and management's experience and successful record of discoveries.

Bold Ventures management believes the company's suite of battery, critical and precious metals exploration projects is an ideal combination of exploration potential meeting future demand. Bold's target commodities comprise: copper (Cu), nickel (Ni), lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd) and chromium (Cr). The critical metals list and a description of the provincial and federal electrification plans are posted on the Bold website.

About Bold Ventures Inc.

The company explores for battery, critical and precious metals in Canada. Bold is exploring properties located in active gold and base metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multimetals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

We seek Safe Harbor.