The Company is pleased to announce that it has closed the first tranche of its private placement

BOLD VENTURES INC.

430 – 580 Hornby Street Vancouver, B.C. V6C 2B3 Tel: 604-802-7551 / Fax: 604-687-0586 Email: [email protected] / www.boldventuresinc.com

March 19, 2010 TSX.V: BOL

NEW RELEASE

The Company is pleased to announce that it has closed the first tranche of its private placement announced on February 22, 2010 in the amount of 1,300,000 Units. These securities are subject to a hold period ending on July 5, 2010.

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BOLD VENTURES INC.

Per: “W.E. Schmidt”

WILLIAM E. SCHMIDT, Director

For more information, please contact:

BOLD Ventures Inc.

Gary F. Zak, President, CEO and Director (604) 802-7551 / E: [email protected]

• Or -

BOLD Ventures Inc.

Jamie Hyland, B.Comm., Corporate Development (778) 938-8760 / E: [email protected]

The press release contains certain “Forward-Looking Statements’ within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the TSX Venture Exchange and the B.C. Securities Commission. All statements other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchnage has not reviewed and does not accept responsiblity for the adequacy or accuracy of this reelease.

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