Bridgeport Ventures Inc.
TSX : BPV

Bridgeport Ventures Inc.

November 16, 2010 17:00 ET

Bridgeport Ventures Inc. Completes Acquisition of Nevada Properties

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2010) - Bridgeport Ventures Inc. (TSX:BPV) ("Bridgeport") is pleased to announce that as previously set forth in its press release of October 21, 2010, it has acquired from Fronteer Gold Inc. ("Fronteer") a 100 per cent interest in 10 mineral properties in Nevada, USA, and a 50% leasehold interest in one property. Fronteer has retained a net smelter return royalty in the properties of up to 2%. Bridgeport has issued to Fronteer 4.5 million common shares in consideration of the acquisition resulting in Fronteer becoming the largest shareholder of Bridgeport. In addition to the properties acquired from Fronteer, Bridgeport has staked a further 175 claims adjacent to the most prospective properties and intends to continue with the land acquisition effort.

Bridgeport retained Dr. Matthew Gray to prepare technical reports for the Argentite, Black Rock, Bellview, and Horsethief properties that are in compliance with National Instrument 43-101 of the Canadian Securities Administrators.

Bridgeport expects to immediately begin work on the properties and intends to make expenditures on the properties over the next 18 months that are in accordance with the recommended programs in the technical reports. All 10 properties are located in gold districts that have produced or are currently producing significant gold. Four of the properties are located in a high grade epithermal setting known as the Walker Lane trend; four exhibit gold mineralization consistent with Carlin-type systems, and two are located in a mesothermal gold environment.

The exploration program is expected to include a comprehensive geological review and re-interpretation of the data followed by 30,000m of reverse circulation and diamond drilling. Final targets will be generated during the geological review and drilling is expected to commence at the beginning of February, 2011.

About Bridgeport Ventures

Bridgeport Ventures Inc. (TSX:BPV) is a Canadian mineral exploration company with operations in the Americas. Its strong technical team with local experience has a solid record of discovery and a proven history of mining success. Additional information on Bridgeport can be found at: www.bridgeportventures.net.

To date, there has been insufficient exploration drilling to define a mineral resource on the properties referenced above, and it is uncertain if further exploration drilling will result in a mineral resource being defined.

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Bridgeport, including, but not limited to, the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of exploration results and estimates, currency fluctuations, depending upon regulatory approvals, the uncertainty of obtaining additional financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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