Mr. Bruce MacLachlan reports

BOLD VENTURES RECEIVES EXPLORATION PERMITS FOR THE BURCHELL GOLD COPPER PROJECT AND HIGHLIGHTS RING OF FIRE NEWS

Bold Ventures Inc. has received two exploration permits for work at the Burchell gold-copper project. The applications were made as a result of recent exploration work in and around the 111 Zone gold discovery (see Bold news release dated Jan. 9, 2025) and the strike extension of the Moss trend on the adjacent Moss gold property of Goldshore Resources Inc. to the west (see Bold news release dated July 21, 2025, and Bold news release dated Aug. 18, 2025). The Burchell property is located approximately 100 kilometres west of Thunder Bay, Ont.

The permits contemplate line cutting, mechanical stripping, geophysical surveys and diamond drilling. The company anticipates a mechanical stripping program in the coming weeks at the 111 Zone. Based on those results, a diamond drilling program is planned to target the 111 Zone and the northwestern corner of the property, where an MMI soil sampling survey earlier this summer identified numerous polymetallic anomalies along strike from the Moss gold deposit of Goldshore.

Ring of Fire news

The company would like to highlight recent news pertaining to the Black Horse chromite deposit on the Koper Lake (Black Horse) project in the Ring of Fire, of which Bold Ventures owns a 10-per-cent carried interest to production. The Canadian Chrome Company Inc. (formerly KWG Resources Inc.), which owns the remaining interest, recently announced a $25-million financing to drill deep geophysical targets at the chrome discovery, which they postulate is the fault-offset twin of the Black Thor chromite deposit (see CCC news release dated Feb. 24, 2023).

Bold's Koper Lake project in the Ring of Fire

Bold holds a 10-per-cent carried interest (through to production) in the Black Horse chromite National Instrument 43-101 inferred resource of 85.9 million tonnes grading 34.5 per cent Cr2O3 at a cut-off of 20 per cent Cr2O3 (KWG Resources, NI 43-101 technical report, Aubut 2015). Bold also holds a 40-per-cent working interest in all other metals found within the Koper Lake project and has a right of first refusal on a 1-per-cent NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird chromite deposits owned by Ring of Fire Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 metres from the Eagle's Nest nickel-copper massive sulphide deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans of Ontario and North America. The company is encouraged by these continuing developments in this emerging critical mineral mining camp.

The environmental assessment process for all-weather road access to the Ring of Fire is being developed as three proposed road projects: the Northern Road Link, the Marten Falls Community Access Road and the Webeque Supply Road. Information and progress regarding these projects may be accessed through the links provided on Bold's critical and battery mineral page.

The technical information in this news release was reviewed and approved by Coleman Robertson, BSc, PGeo, the company's vice-president of exploration, a qualified person for the purposes of NI 43-101.

Bold Ventures management believes its suite of battery, critical and precious metal exploration projects is an ideal combination of exploration potential meeting future demand. Its target commodities are composed of: copper, nickel, lead, zinc, gold, silver, platinum, palladium and chromium. The critical metal list and a description of the provincial and federal electrification plans are posted on the Bold critical and battery mineral page.

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 metal camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multimetal district dubbed the Ring of Fire region, located in the James Bay lowlands of Northern Ontario.

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