The TSX Venture Exchange has accepted for filing documentation with respect to an amendment to an option agreement dated March 12, 2020, between Bold Ventures Inc. and arm's-length parties (the optionors). Pursuant to the amendment, the company will continue to have the option to acquire a 100-per-cent interest in the Farwell claims located approximately 55 kilometres northwest of Wawa, Ont.

Pursuant to the amendment, the company must now pay the optionors by the extended date of June 1, 2025: (i) an aggregate of $225,000 in cash (unchanged); (ii) issue aggregate of 2.05 million common shares (increased by 400,000 shares); and (iii) incur $1-million of exploration expenditures (unchanged), to earn a 100-per-cent interest. On exercise of the option, the optionor will retain a 3-per-cent net smelter royalty (NSR) on the property, of which the company has the right to buy back half of such NSR granted (1.5 per cent) for $2-million cash payment. The company also has the right of first refusal to purchase the remaining 1.5-per-cent NSR.

All other terms under the original agreement remain unchanged.

For further information, please refer to the exchange bulletin dated April 1, 2020, and the company's news releases dated Oct. 3, 2023, Sept. 13, 2023, and March 26, 2020.