Bold Ventures Inc. announced that after an extensive review of exploration projects over the past six months it has signed a letter agreement to option the Farwell Gold and Base Metals property. The Farwell Property is located approximately 55 km northwest of Wawa, Ontario. The claims are road accessible and consist of 103 Cell claims, 6 Multi-Cell claims and 6 Boundary claims comprising approximately 3993 ha or 9867 acres. Wesdome Gold Mines Mishi Open Pit operation, part of the larger Eagle River Complex that includes the Eagle River underground gold mine, lies 5 km south of the Farwell claim group. The Eagle River Mine is situated approximately 25 km to the south of the subject claims. The claims are host to several gold and base metal anomalies and occurrences that have yet to be fully explored. The latest recorded exploration work on the property occurred in 2008. is a large road-accessible property in a proven gold camp with gold-bearing quartz veins in iron formation along the western extension of a major deformation zone. The presence of deformed `Timiskaming' style conglomerates along the gold mineralization trend (i.e. Kirkland Lake, Geraldton) is an attractive exploration target. Volcanogenic Massive Sulphide (VMS) mineralization consisting of anomalous copper (Cu), zinc (Zn), lead (Pb) and gold (Au) is associated with a mafic to felsic volcanic sequence. The Wawa Area airborne geophysical survey flown by the Ontario Geological Survey in 1987 (Maps 81012 and 81013) shows a prominent magnetic signature and coincident electromagnetic anomalies within the claim group. Combined with historical rock sampling, geological mapping and geochemical surveys indicate the iron formation and associated shearing extend through the northern part of the Farwell Property. Grab samples collected by Tundra Gold Mines in1985 from the northeast part of the Farwell claims returned values of 1.6% Cu and 7.5 g/t Au (Campbell 2010). The search for base metals in the 1960's lead to the discovery of 2 copper occurrences in the south central portion of the Farwell claim group; the Bibis Prospect and the Burrex Occurrence. Assay results from a diamond drill core intersection at the Bibis Prospect returned 1.47% Cu over 5.2 m (Bennett and Thurston1977). Mineralization included chalcopyrite, bornite and sphalerite in highly sheared and silicified mafic metavolcanics. Mobile Metal Ion (MMI) copper anomalies were obtained from a survey conducted by Precambrian Ventures Ltd. in 2008 and are coincident with a highly conductive magnetic horizon observed in the 1987 OGS airborne survey. The Company reported that it has received an exploration permit for the Wilcorp Gold Project. The permit allows for stripping, sampling and diamond drilling. The Traxxin Extension Gold Project claim group has been re-aligned and now comprises 92 cell/boundary claims totalling approximately 1,954 hectares or 4,828 acres. As a result of Bold's extensive project review and new focus the Company will not proceed further with the Grasset and J&B projects. Bold's Qualified Person is unable to verify the historical assay data included in this news release, as there are no samples available. Having reviewed the historical data, there is no reason to question the validity of these results.