BOL Bold Ventures Inc

Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company" or "Bold") and Northern
Superior Resources Inc. (TSX VENTURE:SUP) (Northern Superior) are pleased to
announce the signing of a Letter of Intent whereby Bold will have the option to
earn up to a 60% interest in Northern Superior's 100% owned Lac Surprise
property. 


This large property is located approximately 50 Km south of Chapais and within
the historic Chibougamau - Chapais gold camp in west central Quebec and is
comprised of 365 claims totaling 20,352 hectares or 50,269 acres.


Bold can earn a 50% working interest in the property by spending an aggregate of
$2,000,000 of exploration work on the property and paying to Northern Superior a
total of 350,000 common shares of Bold all over a three year period. 50,000
common shares are due on signing. The first year optional commitment is $500,000
in exploration expenditures and 50,000 common shares of Bold. The second year
optional commitment is 100,000 common shares of Bold and $500,000 in exploration
work. The third year optional commitment calls for $1,000,000 in exploration
work on the property and a payment of 150,000 common shares of Bold.


Bold will also hold the option to earn an additional 10% in the project by
delivering a positive feasibility study within five years from the date of
execution of the formal option agreement. If Bold takes up all parts of the
option it will have earned a 60% interest in the property. 


Recently, renewed exploration activity in the area has yielded several new gold
discoveries made by Toma Gold/Iamgold (at Monster Lake); Vanstar (at Nelligan)
and Soquem (at MOP II). All three of these companies have announced plans for
major, multimillion dollar drilling programs.


Dr. T. F. Morris, President and CEO of Northern Superior, was quoted in a
January 27, 2014 Marketwired news release that "the potential value of the
Company's Lac Surprise gold property has only been exemplified by the recent
discoveries and exploration activity directly to the east of the Lac Surprise
property. Four of the six gold exploration targets are clearly defined by
anomalous and robust overburden gold grain and geochemical-in-till anomalies
extending down-ice from the Opawica-Guercheville Deformation Zone (OGDZ)
representing high priority targets areas. There is excellent potential for the
definition of additional targets along the OGDZ structure which extends 11 km
across the Lac Surprise property and is largely unexplored."


The OGDZ is associated with several gold occurrences such as Philbert, Meston
Lake and Fenton as well as the past producing Joe Mann mine, the Lac Shortt mine
and the producing Bachelor Lake mine.


Vanstar Mining Resources Inc. has recently announced the results of three
diamond drill holes from its flagship Nelligan project (see Vanstar Resources
Inc. news release dated December 18, 2013 at www.vanstarmining.com). This new
gold discovery is situated directly east of the Lac Surprise property. 


Recent work by Northern Superior has identified a number of high priority, drill
ready, gold targets that have been identified by till sampling, geochemical
programs as well as airborne and ground geophysical surveys (maps and technical
descriptions may be viewed now at www.nsuperior.com).


This option agreement is subject to regulatory approval and a thirty day due
diligence period. Upon execution of the formal option agreement a finder's fee
will be paid to an arm's length, third party.


Bold Ventures Inc. President and CEO Richard Nemis states: "I believe that this
area will increasingly become the focus of intense exploration as a re-emerging
gold camp. We are happy to team up with Northern Superior and Tom Morris on such
a worthwhile and exciting project."


New maps and descriptions describing this project will be posted on our website
at www.boldventuresinc.com in the coming days.


Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario
and Quebec.


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


Northern Superior Resources Inc.
Thomas F. Morris, PGeo., PhD., FGAC, ICD.D
President and CEO
(705) 525-0992
(705) 525-7701 (FAX)
info@nsuperior.com
www.nsuperior.com

Bold Ventures (TSXV:BOL)
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부터 4월(4) 2024 으로 5월(5) 2024

Bold Ventures (TSXV:BOL)
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부터 5월(5) 2023 으로 5월(5) 2024