Bold Continues Hunt for Elephants in the Ring of Fire

Bold Ventures Inc. (TSX VENTURE:BOL) (the "Company") is pleased to announce the
commencement of a helicopter borne VTEM electromagnetic and magnetic geophysical
survey in the Ring of Fire area of Northern Ontario. The survey is being carried
out to detail previously surveyed blocks as well as to investigate new areas
that have not been surveyed. This ongoing hunt for "elephant sized" mineral
deposits is being carried out as part of a systematic ongoing (since 2010)
reconnaissance of under explored areas that have not been subject to the current
technology of Vertical Loop Time Domain Electro Magnetic survey systems in the
past. The Company is taking the opportunity to fly the survey at this time in
order to manage the timing of this activity with local First Nation activities.


The "elephant hunt" is being financed through an option Agreement between Bold
and a subsidiary of Dundee Corporation ("Dundee Sub") wherein the Dundee Sub may
earn a 1/3 working interest in the Bold Ventures Inc. and Rencore Resources Ltd.
(a wholly owned subsidiary of Bold) Ring of Fire properties by expending
$5million in exploration expenses. Under this agreement a VTEM airborne
geophysical survey flown in the fall of 2012 resulted in Bold staking 26 claims
in seven separate blocks (Area 57 - Area 63) totaling 6,656 hectares or 16,440
acres. A 13 hole, approximately 2000 metre diamond drilling program has been
recommended to test at least thirteen different geophysical anomalies that were
encountered. Exploration Permits for this drilling program have been received
and the program is being scheduled for 2014. Please visit
www.boldventuresinc.com for additional project details.


In other news, the company is also pleased to report that it has completed a
summer prospecting and sampling program on its four Quebec claim groups. Located
in the Abitibi Greenstone Belt of Northwestern Quebec, these properties are
situated in areas that are prospective for gold and base metals. The results of
the summer prospecting on the four project areas are currently being reviewed in
context with the Data Compilations Studies and Airborne surveys that Bold
carried out in 2011 and 2012. Additional maps and property descriptions are
found at www.boldventuresinc.com.


Additionally, the company reports that it is in possession of the Exploration
Permit required to carry out a drilling program at the Wilcorp Project located
approximately 14 km east northeast of Atikokan, Ontario within the Thunder Bay
Mining Division. As a result of prospecting, sampling and geophysical surveys
carried out over the past two years the Wilcorp Project is now at the drilling
stage and a program is currently being planned. 


Richard E. Nemis, President and Chief Executive Officer 

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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bold Ventures Inc.
416-864-1456
www.boldventuresinc.com