https://www.newsfilecorp.com/release/33341/Bold-Ventures-Provides-Koper-Lake-Project-Ring-of-Fire-Update

Toronto, Ontario--(Newsfile Corp. - March 6, 2018) - Bold Ventures Inc. (TSXV: BOL) ("Bold" or the "Company") is pleased to note that KWG Resources Inc. ("KWG") has announced a Limited Partnership financing that is aimed at funding the next stage of its development plan in the "Ring of Fire" area of the James Bay Lowlands in Northern Ontario (see KWG news release dated March 5, 2018). A substantial portion of the proposed financing will be applied to the Black Horse Chromite Joint Venture ("BHJV") that exists between Bold, KWG and Fancamp Exploration Ltd. ("Fancamp").

The BHJV is part of Bold's Koper Lake Project that is under option from Fancamp Exploration Ltd. whereby Bold has the option to earn up to a 100% interest in the Koper Lake Project subject to a Gross Metal Royalty retained by Fancamp. In turn, by funding Bold's earn-in requirements, KWG has the option to earn up to an 80% working interest in all chromite found on the property (leaving Bold with up to a 20% carried interest in all chromite) and up to a 20% working interest in all other metals (leaving Bold with up to an 80% working interest in all other metals). See news releases issued March 24, 2015 and October 29, 2015.

To date, Bold has earned a 50% interest in the Koper Lake project through the expenditures made on the Koper Lake Project by KWG. As a result Bold has retained a 10% carried interest in chromite and a 40% working interest in all other metals found within the property. Formation of the Black Horse Joint Venture was announced in a news release dated October 14, 2016.

Should KWG be successful in completing the earn-in provisions of Bold's option agreement with Fancamp, Bold will earn up to a 20% carried interest in chromite and an 80% working interest in all other metals.

The Koper Lake Project is very well located adjacent to Noront Resources Ltd.'s Eagles Nest nickel-copper massive sulphide deposit and Blackbird chromite deposit that are currently in the permit acquisition stage.

Bold is also pleased to announce it has posted an updated fact sheet on our website at www.boldventuresinc.com.