Bold Ventures Inc. and KWG Resources Inc. are pleased to announce jointly the drilling results from the initial diamond drill program on their Koper Lake Joint Venture in the Ring of Fire (ROF) Northeastern Ontario, which is under option from Fancamp Exploration Ltd. (FNC). Drilling with three drills commenced early in March 2013. The drilling was briefly halted in early April 2013 pending the issuance of an Exploration Permit by the Ontario Ministry of Northern Development and Mines pursuant to the revised Ontario Mining Act.

In late May while drilling the last two holes of the program a forest fire, in close proximity, threatened the drill camp which housed the project personnel. All personnel were evacuated from the area until the fire was brought under control. As a result, the program budget was exhausted and the last two holes were stopped short of the target depth.

Casing for holes FNCB-13-35 and FNCB-13-37 was left in place and capped for access at a later date. While Bold was the operator of the program, its technical crews were ably assisted with on-site support from KWG's geologists. First Nations people were employed on site, with Haveman Bros.

from Kakabeka Falls near Thunder Bay providing procurement and camp services and Cyr Drilling of Winnipeg, Manitoba and Orbit Garant Drilling Inc. of Val-d'Or, Québec providing the contract drills. Hole FNCA1329 was collared in the northwest corner of the Fancamp property to provide a platform for down hole geophysical surveying in a northerly oriented ultramafic conduit feeding the northeast-southwest striking Ring of Fire (ROF) ultramafic complex. A similar north-south striking conduit further west hosts the Eagle's Nest copper-nickel base metal deposit previously discovered by Noront Resources Ltd. in 2007.

The hole encountered poor ground conditions and had to be halted before reaching its target depth and was wedged off at 1,015 metres. This wedge hole, FNCA-13-29W1, was advanced as far as 1,051 metres when the hole was stopped and surveyed with a down-hole electro-magnetic system. Results did not warrant any further drilling from this platform.

Holes FNCB1330, 32 and 33 were drilled to test the downplunge continuity of chromite mineralization delineated on the adjacent Noront Resources property. Hole FNCB1330 intersected 45.76 metres of chromite mineralization from 655.5 to 701.26 metres consisting of disseminated, heavily disseminated, semi-massive and massive chromite. This intercept contains two intervals dominated by massive chromite: from 664.67 to 677.65 metres (12.98 metres) and from 685.67 to 696.32 metres (10.65 metres).

The weighted average percentage of Cr2O3 of these two intervals is 26.44% and 31.89% respectively. Hole FNCB1332 encountered a thin band of massive chromite between 656.13 and 659.0 metres. The intercept assayed 34.48% Cr2O3 over 2.87 metres.

Hole FNCB1333 intercepted two intervals dominated by massive chromite, from 695.48 to 721.07 metres (25.59 metres) and from 753.0 to 813.26 metres (60.26 metres). The weighted average percentage of Cr2O3 of these two intervals was 27.98% and 28.31% respectively. These zones were encountered within a broader low-grade horizon of chromite mineralization.

Diamond drill holes FNCB1334 and 36 from the same collar location were drilled to test a shallow gravity anomaly which was interpreted to possibly represent the updip extension of the Black Horse mineralization. Hole FNCB1334 drilled at -68 degrees encountered disseminated to layered chromite between 127.44 and 144.14. Assay results included 5.66 metres grading 18.51% Cr2O3 (from 137.58 metres to 143.24 metres).

Hole FNCB1336 drilled at -45 degrees intersected massive to heavily disseminated chromite between 126.44 and 132.84 metres. Assay results included 4.01 metres grading 18.56% Cr2O3 (from 126.44 metres to 1,304.5 metres). Holes FNC1335 and 37 were stopped short of target depth.

Future plans will include continuing those holes to their completion. The detailed ground magnetometer and gravity surveys have better defined a number of untested targets on the property. The additional geophysical data enhance the possibility of better defining known chromite mineralization as well as testing additional targets.

Upon further review and the compilation of relevant data, a follow up program will be developed to further define the chromite horizon as a definable resource as qualified by National Instrument 43101. All samples are analysed by Actlabs at either their main laboratory in Ancaster, Ontario or at their Thunder Bay, Ontario facility. Both laboratories are ISO accredited.

All samples are: Assayed for Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs code 1C-OES); Assayed for 13 major element oxides, including Cr2O3 by fusion-XRF (Actlabs code 4C).