GMR

Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold" or the "Company") is very pleased
to announce that it has signed an agreement with Fancamp Exploration Ltd.
("Fancamp") giving Bold the option to earn up to a 100% working interest in the
Koper Lake Project (the "Property"). The Amendment Agreement amends the terms of
the Earn-In Option Agreement announced in the Company's press release of May 7,
2012 to provide that once Bold has earned its 60% interest in the Koper Lake
Project, it will then have two options for a period of 90 days following the
date it earns its 60% interest. First, it can earn a further 20% interest in the
Property by paying Fancamp $15,000,000 payable in equal installments over three
years with half of the amount payable in cash and the balance payable, at Bold's
option, through the issuance of common shares of Bold at the market price at the
time the shares are issued with Fancamp retaining a carried interest (the
"Carried Interest") in the Koper Lake Project. If the first option is exercised,
Bold would then have the additional option to acquire from Fancamp the Carried
Interest in exchange for a Gross Metal Royalty ("GMR") payable to Fancamp
resulting in Bold holding a 100% interest in the Koper Lake Project. Fancamp
would then be entitled to be paid 2% of the total revenue from the sale of all
metals and mineral products from the Property from the commencement of
Commercial Production. Once all of the capital costs to bring the Koper Lake
Project to the production stage have been repaid entirely, the GMR may be scaled
up to a maximum of 4% of the total revenue from the sale of all metals and
mineral products from the Property depending upon the price of product sold from
the Property. 


Richard Nemis, President and CEO stated "I am very pleased that Bold has
acquired the right to earn up to a 100% interest in the Koper Lake Project. This
will be a tremendous benefit to the Bold shareholders going forward."


Bold can earn its initial 50% interest in the Property by making option payments
totaling $1,500,000 (the first $300,000 option payment having been made) and
expending $8,000,000 on exploration of the Property over 3 years after which a
50/50 joint venture would be formed between Bold and Fancamp. Bold can then earn
a further 10% interest by making a further $700,000 option payment and
delivering a positive feasibility study. The remaining option payments can be
made in cash or common shares of Bold at Bold's option. The Company's President
and Chief Executive Officer, Richard Nemis, holds a 2% net smelter royalty
interest ("2% NSR") in the four claims that comprise the Property pursuant to an
agreement with Fancamp dated June 17, 2003 whereby he sold the property to
Fancamp and retained the 2% NSR. Half of the royalty interest (a 1%NSR) can be
purchased at any time prior to commencement of commercial production for
$1,000,000. Richard Nemis has granted to Bold a right of first refusal on the
remaining 1% NSR for no consideration.


About the Koper Lake Project

The Koper Lake Project is situated in the emerging Ring of Fire multimineral
district, approximately 530 km north east of Thunder Bay in the James Bay
Lowlands, northern Ontario.


The Property lies along the ultramafic Ring of Fire complex between the Eagle's
Nest Ni-Cu-PGE and Blackbird chromite deposits belonging to Noront Resources to
the west and southwest respectively and the Big Daddy and Black Thor chromite
deposits belonging to Cliffs Resources and KWG Resources to the northeast. The
Koper Lake Project offers a very exciting set of targets for magmatic Ni-Cu-PGE,
chromite and hydrothermal Au-Cu mineralization.


In a press release dated October 28, 2011 Fancamp summarized its most
significant diamond drill hole findings on the four claim Koper Lake Project.
Bold released a project description and interpretation of the geology in a news
release dated October 31, 2012.


Richard E. Nemis, President and Chief Executive Officer 

Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward-looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bold Ventures Inc.
Richard E. Nemis
President and Chief Executive Officer
416 864 1456
416 864 1443 (FAX)
www.boldventuresinc.com

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