Bold Ventures and Lac Des Milles Lacs First Nation Sign Memorandum of Understanding-Bold Updates Quebec Activities

Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company" or "Bold") is pleased to
announce that it has signed a Memorandum of Understanding ("MOU") with the Lac
Des Milles Lacs First Nation ("LDMLFN") concerning the Wilcorp Gold Project
located approximately 14 kms northeast of Atikokan Ontario. Located proximal to
the Quetico fault system in the Superior Geologic Province of Northwestern
Ontario, the project work has identified a number of drill targets as a result
of prospecting, sampling and Induced Polarization geophysical surveys. The
Memorandum of Understanding encompasses environmental stewardship, business and
job opportunities for the LDMLFN as well as the contemplation of a longer term
exploration agreement should the initial drilling program be successful and
warrant additional work. For project and corporate details please visit
www.boldventuresinc.com and review the Wilcorp Project and Bold Ventures
exploration efforts.


As a result of an ongoing review of geological, geophysical and recent
prospecting work, Bold has refined its land position to include the best
prospects for the Lac Grasset, Lac Agisko and Joutel properties. Lac Grasset now
consists of 40 claims that comprise 2224 hectares (5495 acres). Lac Agisko
consists of 22 claims totaling 1232 hectares (3044 acres). The Joutel Project
now consists of 64 claims that comprise an area of 3188 hectares (7878 acres).
The Lac Blondel property limits remain unchanged. All four projects are located
in the prolific gold producing Abitibi Greenstone Belt of Northwestern Quebec.
New maps and descriptions reflecting these changes will be posted on our website
at www.boldventuresinc.com.


For more information, please visit www.boldventuresinc.com.

Richard E. Nemis, President and Chief Executive Officer 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


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.
416-864-1456
www.boldventuresinc.com

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