TORONTO, ONTARIO--(Marketwired - July 22, 2015) - Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is pleased to announce that, further to its press release of July 13, 2015, it has closed the first tranche of its brokered working capital unit private placement (the "Offering") by placing 3,500,000 working capital units (each a "WC Unit") of the Company at a price of $0.05 per WC Unit for gross proceeds of $175,000. The Offering is being led on a best efforts basis by IBK Capital Corporation. The funds will be used for claims maintenance, potential acquisitions and working capital.

First of all $175,000 does not buy squat in regards to being used for potential acquisitions, and second the mention of claims maintenance and working capital simply states that the money is being used as a "floatation device" to keep their heads barely above water.

GLTA FNCers,

TM.