Bold Ventures Inc.

Bold Ventures Inc.

May 06, 2008 11:02 ET

Bold Ventures Acquires Significant Land Holdings on 'The Ring of Fire'

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2008) - Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold") is pleased to announce that it has recently increased its land holdings in the James Bay Lowlands near Noront Resources significant nickel, copper PGM discovery.

The Company has entered into an agreement to acquire a 50% interest in the West Nickel Property.

The West Nickel claim blocks cover the majority of a significant gravity anomaly located immediately west central of the "Ring of Fire" magnetic trend. The gravity anomaly is of sufficiently large size and amplitude to suggest that it was caused by mafic/ultramafic bodies that could be the central intrusive source for the massive nickel/copper mineralization in the area. The major nickel camps of the world such as Sudbury, Thompson, Raglan and Norilsk have coincident or adjacent regional gravity anomalies as well as magnetic signatures. The presence of mafic ultramatic rocks and gravity anomalies present a promising exploration environment.

The West Nickel Property

The West Nickel property consists of approximately 909 claim units totaling 14,544 hectares (36,360 acres) and is located 20 kilometres due north of the Noront Double Eagle discovery and 10 kilometres west of the initial Noront/South Hampton "Ring of Fire" claims.

Terms of the Agreement

Bold Ventures Inc. has acquired a 50% interest in these claims subject to a 1% NSR for a cash payment of $220,000 and has agreed to undertake airborne geophysical surveying on the claims totaling $125,000.

The West Nickel claim blocks are contiguous with Bold Ventures/Noront Ring Star Nickel Project running approximately 6 km. south, 10km. west and 8 km. north. Under the terms of the Noront option agreement, Noront has a right to 25% of Bold's interest within 400 meters of the Ring Star Nickel project claim boundary.


Bold Ventures is a Tier 2 natural resource company on the TSX Venture Exchange, trading symbol BOL, with 11,750,000 shares issued to date. The Company's main emphasis is on a VMS/nickel/copper exploration property through an option agreement with Noront Resources Ltd. in the McFaulds Lake "Ring of Fire" area of Northern Ontario. Bold has also acquired a 100% undivided interest in the Kentucky Lake copper/gold exploration property in the Nicola Mining Division, located in British Columbia.


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Bold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and results to differ materially from Bold's plans and expectations as detailed herein and from time to time in the filings made by Bold with the TSX Venture Exchange and securities regulators. Bold does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

On behalf of the board of directors of Bold Ventures Inc.,

Gary F. Zak, President and CEO

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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