Should have results soon…of the MegaTEM geophysical survey that was completed on Bold Ventures Inc.'s West Nickel property, 2008-10-09

Should have the new MD & A soon also, last one was on July 31/08

" This type of anomaly could be caused by a mafic/ultramafic intrusive which could be the source of nickel mineralization in the surrounding Ring of Fire. "

Hg

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The WEST NICKEL property covers the majority of an important gravity anomaly located at the approximate centre of the McFaulds Lake area ‘Ring of Fire’. Melkior Resources Inc. (MKR: TSX.V) is Bold’s 50% partner in the WEST NICKEL project.

The WEST NICKEL Project consists of 909 claims (14,544 hectares) and is located approximately 20 kilometres north of the massive Noront Resources Double Eagle nickel-copper discoveries and 20 kilometres southeast of the Metalex-WSR sulphides discovery.

The claim group composing the WEST NICKEL Project covers the majority of a regional gravity anomaly located approximately in the center of the Ring of Fire.

" This type of anomaly could be caused by a mafic/ultramafic intrusive which could be the source of nickel mineralization in the surrounding Ring of Fire. "

Management holds 51% of the capital stock, with 12,960,440 cs shares issued to date.

The Company’s main emphasis is on two Copper-Nickel exploration properties located in the McFaulds Lake “Ring of Fire” area of Northern Ontario. Bold has an option agreement with Noront Resources to acquire a 50% in the RING STAR NICKEL Project, and has earned a 50% interest in the WEST NICKEL project with Melkior Resources. Bold has also acquired a 100% undivided in interest in the Kentucky Lake copper/gold exploration property in the Nicola Mining Division, located in British Columbia.

July 31/08 MD&A

The Ring Star Nickel Project

Mcfaulds Lake area, Province of Ontario

The Company has entered into an option agreement with Noront Resources Ltd. (“Noront”), subject to regulatory approval, to acquire a 50% legal and beneficial interest (subject to a 2% Net Smelter Royalty) in 96 claim units covering approximately 3800 acres on the “Ring of Fire”, McFaulds Lake area, Ontario.

In order to acquire its interest in the property, the Company is required to:

1. Make an initial payment of $120,000 or issue 240,000 of the Company’s common shares to Noront, subject to receipt by both parties of regulatory and board of director approvals;

2. Incur total exploration expenditure on the property of $2.1 million over a three year period as follows:

I. $600,00 on or before January 01, 2009 ( a firm commitment);

II. further $600,000 on or before January 01, 2010 (optional);

III. a further $900,000 on or before January 01, 2001 (optional);

3. Make additional cash payments to Noront, or subject to the prior regulatory approval, if applicable, any portion may be satisfied by the issuance, at Noront’s option of the Company’ common shares at a price of $0.50 per share as follows:

I. $120,000 on or before January 01, 2009 (optional)

II. $120,000 on or before January 01, 2010 (optional)

Subject to regulatory and board approvals, a finder’s fee of 200,000 of the Company’s common shares is payable in respect to this transaction.

As at July 31, 2008 the Company had advanced $50,000 toward the work commitment.

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The West Nickel Project

Mcfaulds Lake area, Province of Ontario

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

The West Nickel property consists of approximately 909 claim units totalling 14,544 hectrares (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.

The Company has acquired a 50% interest in these claims subject to a 1% NSR for a cash payment of $209,524 (paid) and undertaking an airborne geophysical surveying on the claims totalling $125,000 (paid).

Under the terms of the Noront option agreement, Noront has a right to 25% of the Company`s interest within 400 meters of the Ring Star Nickel project claim boundary.