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BOL.V ·

Bold Ventures Closes 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 Closes Non-Brokered Private Placement

TORONTO, ONTARIO, August 4, 2023 – Bold Ventures Inc. (BOL: TSX.V) (the

“Company” or “Bold”) announces the closing of its non-brokered private placement

(see Bold press releases dated June 1, 2023 and July 6, 2023). The Company placed

513,000 FT Units and 383,333 WC Units for total proceeds of $64,339.98. The

proceeds from the sale of the WC Units will be used for working capital and

administration. The proceeds from the sale of the FT Units will be used to explore

Bold’s properties.

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

Metals exploration projects are an ideal combination of exploration potential

meeting future demand. Our target commodities are comprised of: Copper (Cu),

Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium

(Pd) and Chromium (Cr). 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 or contact us at 416-864-1456 or email us at

[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

“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.