Bold Ventures and KWG Update Prior Drill Program Disclosure

TORONTO, ONTARIO--(Marketwired - May 6, 2013) - Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold") and KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") announce that further to the joint press release issued May 2, 2013, a review of down hole survey results indicated that considerable deviation may have occurred in Hole FNCB-13-31 reported last week by KWG and Bold Ventures. Hole FNCB-13-31 appears to have crossed onto the Noront claim to the west of the intended pierce point on the Fancamp claim to the east where the drill was set up 30 meters within the claim's western boundary and the mineralization reported on May 2, 2013 appears to occur on the Noront claim. The parties are in discussion to establish a protocol for the disclosure of the analysis of samples from the core and the sharing of technical information from prior drilling.

Full details of the current drilling program will be provided when assay results are available.