VANCOUVER, BRITISH COLUMBIA, Aug. 26, 2010 (Marketwire) -- Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") wishes to announce that it has closed its previously announced private placement of 1,600,000 flow-through common shares priced at $0.25 per share (the "FT Shares") for gross proceeds of CDN$400,000. All of the securities issued are legended and restricted from trading until at least December 24, 2010.

The proceeds from the offering will be used for exploration on Bold's properties.

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

Richard E. Nemis, President and Chief Executive Officer

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.

15 Toronto Street, Suite 1000 Richard E. Nemis Bold Ventures Inc. Bold Ventures Inc. Toronto, Ontario M5C 2E3 President and Chief Executive Officer (416) 864-1456 (416) 864-1456