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BOL.V ·

Bold Ventures Announces Non-Brokered Private Placement

Financings

BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456

22 Adelaide Street West, Suite 3600 Fax: 416 865 6636

Toronto, Ontario, M5H 4E3

boldventuresinc.com

NEWS RELEASE - For Immediate Release

Bold Ventures Announces Non-Brokered

Private Placement

Not for distribution to U.S. Newswire Services or for dissemination in the United States

Toronto, Ontario, May 13, 2021 – Bold Ventures Inc. ( BOL: TSX.V) (the “Company” or

“Bold”) is pleased to announce a non-brokered private placement offering of up to

3,750,000 working capital units (the “WC Units”) of the Company at a price of $0.08

per WC Unit for up to $300,000 (the “Offering”).

Each WC Unit comprises one (1) common shar e of the Company priced at $0.08 and

one-half (0.5) of a common share purchase warrant with each full warrant (a “ WC

Warrant”) entitling the holder to acquire one (1) common share at a price of $0. 15

until two (2) years following the Closing of the Offering. The proceeds from the

Offering will be used for general working capital, property acquisi tion, exploration

and expenses of the offering.

In connection with the WC Offering, the Company may pay a finder ’s fee to qualified

finders in consideration for their assistance with the Offering. The finder’s fees may

be payable in cash and securities of Bold at the discretion of the Comp any and in

accordance with the rules of the TSXV.

All securities to be issued pursuant to the Offering are subject to a statutory four -

month and one day hold period and regulatory approval. Please visit the Bold website

at www.boldventuresinc.com and see our recent news and project information.

For additional information contact 416-864-1456 or email:

[email protected].

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BOL.V Bay Adelaide Centre-East Tower Tel: 416 864 1456

22 Adelaide Street West, Suite 3600 Fax: 416 865 6636

Toronto, Ontario, M5H 4E3

boldventuresinc.com

About Bold Ventures Inc.

The Company explores for Gold and Base metals in Canada. Bold is exploring

properties located within active gold camps of Northern 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

www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.

“David B Graham”

David Graham

President and CEO

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.

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