Bold Ventures Inc.

Bold Ventures Inc.

July 20, 2012 08:00 ET

Bold Ventures Provides Quebec Update and Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - July 20, 2012) - Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company") wishes to announce that an aggregate of 1,150,000 options to purchase common shares of the Company at $0.25 per share for five (5) years have been granted to directors, consultants, an officer and an employee of the Company. The options are being granted pursuant to the Company's stock option plan and are subject to exchange approval.

The Company is pleased to announce that it is approaching the completion of data and geological compilation work on its claims located in northwestern Quebec. Future plans include follow up field investigations to define potential areas for diamond drill testing. Additionally, the Company plans to carry out further airborne electromagnetic surveys to detail areas in light of the recent data compilation work. These activities are scheduled to be carried out in late summer and fall of this year.

The land package under study in Quebec is 584 claims totaling approximately 31,653 hectares. The claims are located in Orvillier, Montgolfier, Grasset, Subercase, Sainte Helene, La Gauchetiere, Poirier, Dieppe and Collette Townships all of which are found in the historically prolific Abitibi mining region of northwestern Quebec.

Richard E. Nemis, President and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bold Ventures Inc.
    Richard E. Nemis
    President and Chief Executive Officer
    (416) 864-1456