Mr. David Graham reports

BOLD VENTURES COMPLETES WORK AT BURCHELL COPPER GOLD PROJECT AND REPORTS ON AGM

Bold Ventures Inc.'s exploration crew has recently completed prospecting and sampling work at the Burchell copper and gold project. The basis for this work was established by a review of the historical work found within and around the Burchell claim group. The program was carried out through the month of September.

The 2006 Geotech Ltd. versatile time-domain electromagnetic (VTEM) survey and the 1991 Ontario Geological Survey regional airborne Aerodat Mag-EM (magnetic-electromagnetic) survey carried out over the Burchell property both indicate the presence of significant conductors recommended for follow-up work. The VTEM survey, which only covers the west side of the property, contains greater detail with a clearer signal, greater depth penetration and closer line spacing than the regional survey with the Aerodat system. The Aerodat survey covers the claims at wider line spacing, and consequently, provides less detailed information (see Bold press release dated March 6, 2023).

During this program 103 grab samples were collected, with most assays still pending. However, the results from eight grab samples have been received. They ranged in values from 1.9 parts per million copper (Cu) up to 1,130 ppm Cu (0.11 per cent Cu) and 2.1 ppm nickel (Ni) up to 1,480 ppm Ni (0.15 per cent Ni). This may indicate the presence of a magmatic Ni-Cu-PGM (platinum group element) mineralized system in the vicinity (PGM analysis is pending on these samples). Sampling of sheared felsic volcanic rocks along one of the VTEM conductor axis in the north-central portion of the property returned 2.38 grams per tonne gold (Au).

The area extending to the northeast, along trend from the Hermia Lake copper showing, and locations within the central and eastern part of the claim group were sampled. This phase of work has confirmed that additional electromagnetic and magnetic surveys are recommended to complete the geophysical survey coverage of the claim group. The east side of the property has seen very little exploration work.

Bold Ventures AGM

At Bold's annual general meeting held on Oct. 26, 2023, shareholders overwhelmingly approved all matters in the notice of meeting (99.78 per cent support), including the adoption of the 2023 incentive stock option plan (the 2023 SOP). The 2023 SOP was appended to the management information circular dated Sept. 6, 2023, as Schedule D, a copy of which was filed on SEDAR+ on Sept. 26, 2023. All changes to the 2015 stock option plan made pursuant to the 2023 SOP are set out in a black-lined version of the 2023 SOP appended as Schedule E to the information circular. The company wishes to bring to the attention of shareholders the following amendments. The 2023 SOP requires that the company obtain disinterested shareholder approval of any decrease in the exercise price of or extensions to any stock options granted to individuals that are insiders at the time of the proposed amendment. In addition, the 2023 SOP clarifies the fact that any option that has an expiry date that occurs within 10 business days from the end of a blackout period shall not be extended and shall expire if unexercised by the original expiry date.

In other news, the Northern Ontario Business magazine recently published an article of interest concerning the Ring of Fire development.

The technical information in this news release was reviewed and approved by Gerald D. White, BSc, PGeo, a qualified person (QP) for the purposes of National Instrument 43-101.

Bold Ventures management believes its suite of battery, critical and precious metals exploration projects are an ideal combination of exploration potential meeting future demand. The company's target commodities comprise: copper (Cu), nickel (Ni), lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd) and chromium (Cr).

About Bold Ventures Inc.

The company explores for precious, battery and critical metals in Canada. Bold is exploring properties located in active gold and battery 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.