Bard Ventures Ltd.
TSX VENTURE : CBS

Bard Ventures Ltd.

January 14, 2008 16:54 ET

Bard Ventures Ltd.: Drilling Intersects 0.053% Mo (0.088% MoS2) Over 152 Metres at the Lone Pine Property, B.C.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2008) - Bard Ventures Ltd. ("Bard" or the "Company") (TSX VENTURE:CBS) is pleased to announce the following drill results from its Lone Pine Molybdenum Property (the "Property"). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division.

Final assay results have been received and interpreted from drill holes BD07-21 and BD07-23 with the significant intervals tabulated below:



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Total
Drillhole Depth From To Width
No. (m) (m) (m) (m) Mo% MoS2%
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BD07-21 233 41 126.45 85.45 0.058 0.097
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BD07-23 344 191 343 152 0.053 0.088
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including 191 223 32 0.080 0.134
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Including 251 261 10 0.10 0.167
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including 301 315 14 0.079 0.132
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Holes BD07-21 and 23 (both holes drilled at -45 degrees at 220 degrees azimuth) were designed to explore the extent of the favorable Alaskite intrusive which contains the disseminated molybdenite and associated surrounding stratigraphy which contains the contact fracture veins and veinlets with associated molybdenum mineralization. Hole BD07-21 was drilled 75 meters northeast of hole BD07-1, and hole BD07-23 was drilled 180 meters north of BD07-1. Intercalated hornfelsed andesites and fine grained alaskite intrusive with molybdenite were intersected in both holes expanding the known size of the Alaskite intrusive.

BD07-22 was drilled 125 meters east of hole BD-07-23 at -45 degrees due east and intersected a weakly mineralized coarse grained intrusive pluton. The geological and stratigraphic information from all holes will be used in a geological compilation for comparison with the geophysical survey results for additional targeting of molybdenum mineralization.

Bard is earning a 100% interest in the Property under the terms of an option agreement (see News Release dated September 15, 2006). The Lone Pine exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo., a Director of Bard.

Samples from drill holes BD-07-21 through to BD-07-23 were analyzed at Eco Tech Laboratories in Kamloops, British Columbia. Analytical procedures consist of a 28 element ICP analysis, package BICP-11, followed by assay for any molybdenum ICP analyses greater than 500 ppm. Results for additional drill holes will be released when assay results are received and interpreted.

On behalf of:

Bard Ventures Ltd.

Eugene Beukman, President

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

For all Bard Ventures Ltd. investor relations needs investors are asked to visit the Bard Ventures Ltd IR Hub at http://www.agoracom.com/IR/bardventures where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to cbs@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.

Contact Information

  • Bard Ventures Ltd.
    Eugene Beukman
    President
    (604) 687-2038
    (604) 687-3141 (FAX)
    Website: www.bardventures.com