BOL.V · 2026-06-18 12:00:00

Bold Options Olcott Claims and Notes the Commencement of Ring of Fire Road Construction

Mergers & Acquisitions

Bold Options Olcott Claims and Notes the

Commencement of Ring of Fire Road

Construction

Toronto, Ontario--(Newsfile Corp. - June 18, 2026) - Bold Ventures Inc. (TSXV: BOL) (the "

Company

or "

Bold

") is pleased to announce that it has signed an agreement to option the Olcott Property adjacent

to its Wilcorp Property east of Atikokan, Ontario. The Olcott claims host a historical gold showing known

as the Jackson-Olcott Occurrence and add more than 7 km of exposure along the north side of the

regional Quetico Fault, along strike to the west of the Eagle Prospect on the Wilcorp Property (see

Wilcorp Property & Olcott Option Claims

). Bruce MacLachlan, President and COO of Bold, stated: "We

are excited to work with the vendors of the Olcott claims to advance exploration along the prospective

gold trend passing through the Wilcorp and Olcott properties."

In other news, the Ring of Fire access roads construction has begun.

A recent news release from the

Ontario Government Newsroom may be viewed here:

https://news.ontario.ca/en/release/1007534/ontario-breaks-ground-on-roadways-at-the-gateway-to-the-

ring-of-fire

Bold CEO, David Graham recently attended the Critical Minerals for Defence conference held in

Toronto, Canada on June 9

and 10

. During the conference, The Honourable Minister of Energy and

Mines, Stephen Lecce, highlighted that construction of the Ring of Fire access roads has commenced.

Mr. Graham commented that "This is a milestone event for Bold and for the Ring of Fire region. The

value proposition of mineral assets in and around the Ring of Fire region will benefit greatly with this

development. Bold's management and shareholders commend the Ford Government and their First

Nation partners for their initiative to speed the development. After the initial discoveries in 2007 the

development has seen almost two decades of studies and First Nation consultation in various forms. The

thoroughness of this effort has been extensive."

Bold Ventures In the Ring of Fire

Bold's Koper Lake Project is located near ground zero in the Ring of Fire. The Company owns a 10%

carried interest

(through to production)

in the Black Horse Chromite NI 43-101 Inferred Resource (the

Black Horse) of 85.9 Mt grading 34.5% Cr

at a cut-off of 20% Cr

(KWG Resources Inc., NI 43-

101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found

within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found

within the claim group. The Black Horse is contiguous with the Blackbird Chromite deposits owned by

Ring of Fire Metals (formerly Wyloo Metals after the acquisition of Noront Resources Inc.). The Koper

Lake claims are located within 300 m of their Eagle's Nest Ni-Cu Massive Sulphide Deposit that is in the

permit acquisition stage.

Bold also holds a number of claim groups located in and around the Ring of Fire Region that total

approximately 873 claim cells/boundary cells comprising 16,785 hectares or approximately 41,475

acres covering airborne VTEM geophysical anomalies. The project details may be viewed at:

https://www.boldventuresinc.com/exploration-projects/ring-of-fire-ontario/

The Olcott Property Option Agreement

The Olcott Property Option Agreement was signed on June 17, 2026 between Bold and an agent

representing six vendors (collectively the "

Vendors

"). The following are the schedules of cash payments

and share issuances to be made to the Vendors, and the expenditure requirements to be made by Bold,

in order to earn 100% interest in the Olcott Property:

A cash payment of $10,000 on Closing;

A cash payment of $20,000 on or before the first anniversary of Closing;

A cash payment of $25,000 on or before the second anniversary of Closing;

A cash payment of $35,000 on or before the third anniversary of Closing;

A cash payment of $60,000 on or before the fourth anniversary of Closing;

For an aggregate of $150,000 in cash payments;

150,000 common shares of Bold ("

") to be issued upon Closing;

175,000 Shares to be issued on or before the first anniversary of Closing;

175,000 Shares to be issued on or before the second anniversary of Closing;

250,000 Shares to be issued on or before the third anniversary of Closing;

300,000 Shares to be issued on or before the fourth anniversary of Closing;

150,000 Shares to be issued on or before the fifth anniversary of Closing;

For an aggregate of 1,200,000 Shares;

$100,000 in exploration expenditures on or before the first anniversary of Closing;

An aggregate of $250,000 on or before the second anniversary of Closing;

An aggregate of $450,000 on or before the third anniversary of Closing;

And an aggregate of $750,000 on or before the fourth anniversary of Closing.

The vendors retain a 2.5% Net Smelter Royalty ("

NSR

"). The Company has the right to purchase a 1.0%

NSR for $1,000,000.

About the Eagle and Jackson-Olcott Showings

The Eagle Prospect on Bold's Wilcorp Property was drilled in the 1940s with reported results of 11.1 g/t

Au over 4.1 meters, which being historically designated cannot be substantiated. The precise location of

the showing is unknown, but in the general area of the presumed location based on historical maps, a

number of historic trenches and pits were located. Allegheny Mines Corporation drilled these in the

1990s and obtained 1.8 g/t Au over a drilled width of 7.6 meters in one drillhole (Larouche 1995). Grab

sampling by Bold Ventures yielded a maximum assay result of 14.4 g/t Au in 2012, and a maximum of

16.3 g/t Au in 2024. Bold recently completed more than 400 meters of drilling in the vicinity of the

trenches, with results pending. For more information on the Wilcorp Property please visit the

Wilcorp

Property page

on Bold's website.

The Jackson-Olcott Occurrence is described as a shear zone with a central quartz vein up to 2 meters in

width enveloped by strong iron-carbonate alteration 25 meters in width, containing pyrite and

arsenopyrite (Larouche 1995). Diamond drilling in 1995 yielded 4.6 g/t Au over 8.4 meters including 6.9

g/t Au over 4.7 meters from hole ASO-95-17 (Ovalbay Geological Services Inc. 1995).

References

Larouche, C., 1995.

Report: Trenching & Diamond Drilling Completed in 1994 for Allegheny Mines

Corp, McCaul Township, Thunder Bay South District, NTS 52B14SW, MNDM file 52B14SW0037.

Ovalbay Geological Services Inc., 1995

. Evaluation of the Gold Potential on Atikokan Mining Properties

for Allegheny Mines Corp, McCaul Township, Thunder Bay South District, NTS 52B14SW, MNDM file

52B14SW0041.

The technical information in this news release was reviewed and approved by Coleman Robertson,

B.Sc., P. Geo., the Company's V.P. Exploration and a qualified person (QP) for the purposes of NI 43-

101.

Bold Ventures management believes our suite of Battery, Critical and Precious Metals

exploration projects is

an ideal combination of exploration potential meeting future demand

Our target commodities include: Copper (

), Nickel (

), Lead (

), Zinc (

), Gold (

), Silver (

Platinum (

), Palladium (

) and Chromium (

). The Critical Metals list and a description of the

Provincial and Federal electrification plans are posted on the Bold website

here

About Bold Ventures Inc.

The Company explores for Precious, Battery and Critical Metals in Canada. Bold is exploring properties

located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold

also holds significant assets located within and around the emerging multi-metals district dubbed the

Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

For additional information about Bold Ventures and our projects please visit

boldventuresinc.com

[email protected]

"Bruce A MacLachlan"

"David B Graham"

Bruce MacLachlan

David Graham

President and COO

CEO

Direct line: (705) 266-0847

Email:

[email protected]

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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/301996

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