Bold Ventures Completes Summer Drilling in Ring of Fire Area; Closes Private Placement

TORONTO, ONTARIO--(Marketwire - Sept. 25, 2012) - Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company") wishes to announce that it has recently completed the summer diamond drilling program in the Ring of Fire area of the James Bay Lowlands. The program entailed 1,616 metres of drilling in 9 holes to test anomalies 52, 53, 54 and 56. Please visit our web site athttp://www.boldventuresinc.com for descriptions of these anomalies. All of the various anomalies have been explained by the drill program and core samples have been sent to the laboratory for analysis.

In other news, the Company wishes to announce the closing of a private placement of 1,125,000 flow-through common shares priced at $0.16 per share for proceeds totaling $180,000. The securities issued are legended and restricted from trading until at least January 26, 2013. The proceeds of this financing will be utilized for the second phase VTEM survey being mobilized to the Company's Quebec properties located in the Abitibi Greenstone Belt of Northwestern Quebec. The intent of this survey is to detail existing airborne anomalies that were located during the 2011 VTEM survey and to extend the coverage over additional claims that were acquired as a result of the 2011 survey and the 2012 data compilation that is nearing completion.

The Quebec project areas comprise four separate claim groups totaling 584 claims comprising approximately 31,653 hectares located in Orvillier, Montgolfier, Grasset, Subercase, Saint Helene, La Gauchetiere, Poirier, Dieppe and Collette Townships.

For details of all of our projects please visit the Bold Ventures Inc. web site at http://www.boldventuresinc.com.

Richard E. Nemis, President and Chief Executive Officer