Bold Ventures Completes Electromagnetic Conductor Modelling at Farwell and Amends Option Agreements - Seite 2

The Burchell Option Amendment

In addition, further to the Company's Press Release dated October 3, 2023, the Company wishes to advise that the Burchell Option Agreement has been further amended on April 29, 2024 pursuant to a Third Amending Agreement (the "Burchell Third Amendment") as follows:

1. by extending the date the cash option payment of $60,000 due on May 1, 2024 is payable to November 1, 2024;
2. by extending the date the 350,000 shares are issuable from May 1, 2024 to November 1, 2024; and
3. by extending the date an aggregate of $200,000 of work expenditures were due to have been made from May 1, 2024 to November 1, 2024.

All shares to be issued will be subject to a four month and one day hold period from the date of issuance. The Burchell Third Amendment is subject to TSX V approval.

A recent article posted on the Bold website provides an overview of chromite markets that may be accessed on Bold's Critical and Battery Minerals page.

Bold's Koper Lake Project

Bold's Koper Lake Project is located in the Ring of Fire. The Company owns a 10% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource (the Black Horse) of 85.9 Mt grading 34.5% Cr₂O₃ at a cut-off of 20% Cr₂O₃ (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR covering all metals found within the claim group.

The Black Horse is contiguous with the Blackbird Chromite deposits owned by Wyloo Metals (formerly Noront Resources Inc.). The Koper Lake claims are located approximately 300 m from their Eagle's Nest Ni-Cu Massive Sulphide Deposit that is in the permit acquisition stage. Chromite, nickel and copper are critical minerals that will play an important role in the electrification plans for Ontario and the rest of North America. The Company is encouraged by these ongoing developments in this emerging critical minerals mining camp.

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 Critical and Battery Minerals page.