Bold Ventures Provides Stover Gold Update

Bold Ventures Provides Stover Gold Update

Toronto, Ontario--(Newsfile Corp. - October 29, 2018) - Bold Ventures Inc. (TSXV: BOL) ("Bold" or the "Company") is pleased to

announce the initial results of the first reconnaissance, prospecting and sampling program at its Stover Gold Project option (see

Bold news release dated November 30, 2017). The property is located approximately 85 km northeast of Wawa, Ontario on the

Trans-Canada Highway and is road accessible. These results relate to work that was carried out on the central and eastern

portion of this very large claim group.

A total of 181 samples were collected and sent to AGAT Laboratories in Thunder Bay for gold and trace element analysis. Gold

(Au) assay results ranged from <2 ppb (parts per billion) up to 8.63 g/t (grams per tonne) or 8630 ppb. 77 samples returned

assay values of <2ppb, 96 samples returned values ranging from 2 ppb up to 50 ppb and 8 samples returned values ranging

from 50 ppb to 8.63 g/t.

The results demonstrate the elevated nature of the gold content in the vicinity of the historical gold showings and has provided

the company with important information about the local geology and related gold potential for planning future exploration.

To date, the reconnaissance program at the Stover Gold Project has confirmed 4 areas within the central and eastern portion of

the property as having high potential for gold mineralization. Additional sample results are pending analysis. Highlights of the first

four high priority areas are:

Highlights

Kent Occurrence:

Grab samples collected adjacent to the historical (1954) Kent Mines occurrence returned assay values

ranging from 5 ppb Au up to 8.63 g/t Au. Local geology consists of sheared iron formation and mafic metavolcanics near the

eastern margin of the Harcourt Lake granitic stock.

Zone 3:

Grab sampling conducted approximately 700 m NW of the historic Kent Mines Occurrence returned assay values

ranging from <2 ppb Au up to 194 ppb Au. Of additional note at this location, a sample that returned 39 ppb Au also contained

30.6 g/t Ag (Silver), 215 ppm (parts per million) Cu (Copper), 3500 ppm Pb (Lead) and 80 ppm Bi (Bismuth).

New Pileggi Occurrence:

Grab samples collected along strike 100 m east of the historic Pileggi No. 1 trench returned assay

values ranging from <2 ppb Au up to 4.21 g/t Au.

Local geology consists of quartz veining and disseminated pyrite in sheared

metavolcanics and iron formation.

Road Zone:

Located in the central portion of the property, grab samples collected in sheared, intermediate metavolcanics, and

granodiorite returned assay values ranging from <2 ppb Au up to 308 ppb Au.

This site is located south of the historic Maisondor

Gold Occurrence that is located just north of the Stover property.

As a result of observations made during the initial program, an additional 21 cell claims were staked totaling approximately 452

hectares (1,117 acres). Additionally, as a result of "cell growth" during the conversion to the new Mining Lands Administration

System (MLAS) in Ontario, the claim group grew in size by approximately 1,390 hectares (3,435 acres). The overall property

now consists of 366 cell claims and 89 boundary claims that comprise approximately 8,601 hectares (21,254 acres).

In November of 2017 the company completed an 842 km high-resolution airborne magnetic survey over the property.

Numerous

anomalies and several prominent geophysical trends were identified (but remain untested).

The Stover Property

lies along a 20-km segment of what is known locally as the Goudreau Lake - Missanabie Shear Zone, which

is part of the much more extensive Larder Lake - Cadillac shear zone. Approximately 20 km west of the property the Goudreau

Lake Shear Zone hosts Alamos Gold's recently acquired Island Gold Mine and Argonaut Gold Inc.'s Magino Deposit, in addition

to several small past producers. The past producing Renabie Mine is located proximal to the shear zone and 5 km east of the

Stover claims.

Rock grab samples were shipped to AGAT Laboratories in Thunder Bay, where the rocks were dry-crushed to 75% passing a

2 mm split to 250-g and pulverized to 85% passing 75 microns.

AGAT Laboratories then shipped the pulps

to their Toronto

laboratory for gold and multi-element analyses. The gold assaying method uses a standard Fire Assay with AAS finish

technique on a 30-gram sub-sample

taken from a 250-gram split of

the submitted sample. Check assays were performed on

samples with gold values greater than 10 g/t Au using Fire Assay and Gravimetric finish. The samples were also tested for 43

other trace elements using an ICP-OES finish by 4-acid digestion.

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

Gerald

D. White, B.Sc.,

P. Geo., a qualified

person (QP) for the purposes of NI 43-101

.

About Bold Ventures Inc.

The Company explores for minerals in Ontario and Québec. In Ontario, Bold and its subsidiary Rencore Resources Ltd. have

extensive holdings comprised of over 18 claim groups in and around the Ring of Fire area of the James Bay Lowlands. The

Company has also earned a 10% carried interest in the Koper Lake Project centrally located within the Ring of Fire and directly

adjacent to the Eagles Nest nickel-copper massive sulphide deposit currently in the permitting stage. Bold has the option to earn

a 100% interest in the Wilcorp gold property (subject to a 1% NSR) located approximately 14 km east of the town of Atikokan in

Northwestern Ontario. In Québec, Bold's primary focus is on its 100% owned Lac Grasset project that straddles the Sunday

Lake Deformation Zone in the Matagami area, within the historically prolific Abitibi Greenstone belt of North-western Québec.

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

"Richard Nemis"

Richard Nemis

Chairman of the Board

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.