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Neither the 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.

Corporate Updates

Neither the 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.

TSX-V: CBS

Frankfurt: BVU

[email protected]

HEAD OFFICE:

Suite 810

789 West Pender Street

Vancouver, British Columbia

V6C 1H2

Tel: 604.687.2038

Fax: 604.687.3141

NEWS RELEASE

CORPORATE UPDATE

August 4, 2020 - Vancouver, British Columbia: Bard Ventures Ltd. (the “Company” or “Bard”) is pleased to announce

the appointment of Mr. Wu Zijian as Chief Financial Officer (“ CFO”) of the Company in place of Mr. Sheng (S am)

Wang, who has resigned as CFO effective immediately.

Mr. Wu Zijian, CFO

Mr. Wu currently serves as the CFO at Zhejiang Jinbao Pharmaceutical Co., Ltd. since May 2020. From September 2018

to December 2018, Mr. Wu served on the Board of Directors at SSLJ, Inc, a company listed on Nasdaq. From April 2018

to April 2019, Mr. Wu served on the Board of Director at Shanghai Lianrong Equity Investment Fund Co., Ltd. Mr. Wu

holds a Bachelors of Management from China Huaqiao University in June 2017.

The Board would like to thank Mr.Wang for his service to the Company wish him well in his future endeavours.

On behalf of:

Bard Ventures Ltd.

“Eugene Beukman”

Eugene Beukman, CEO

For further information please visit the Company’s SEDAR profile:

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00005795

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act

of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve p otential, exploration and development activities

and events or devel opments that the Company expects, are forward -looking statements. Although management believes the expectations expressed in such forward -

looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ

materially from those in the forward -looking statements. Factors that could cause actual results to differ materially from those in forward -looking statements include

market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see

our public filings at www.sedar.com for further information.