Bold Ventures Announces Results of Fall Sampling Program at Burchell

The latest news release, dated December 2, 2025, announces the results of the Fall mechanical stripping and channel sampling program at Bold Ventures' Burchell Copper-Gold Property in Ontario. The program involved mechanical stripping, channel sampling, and grab sampling, with over 400 channel and 80 grab samples collected.

Key results from the channel sampling include: - Stripped Area 1: 2.1 g/t Au over 1.0 m, 1.4 g/t Au over 1.0 m, 1.7 g/t Au over 0.55 m, and 2.1 g/t Au over 0.5 m (previously reported Sept 11, 2025). A parallel zone ~17 m across strike yielded 0.32 g/t Au over 1.0 m. The maximum envelope width of gold mineralization in this area is 14m, though discontinuous. - Stripped Area 3: 0.56 g/t Au over 1.3 m (including 0.91 g/t Au over 0.73 m), also with 0.55% Zn and 0.23% Pb. Other intervals showed lower gold grades (0.11 g/t Au over 1.8 m, 0.16 g/t Au over 1.0 m). - Stripped Area 4: 0.13 g/t Au over 4.3 m (including 0.3 g/t Au over 0.8 m), also with 0.7% Zn. - Stripped Area 5: 0.12 g/t Au over 0.95 m.

The company's President and COO, Bruce MacLachlan, stated that the program uncovered "broad, widespread gold and base metal mineralization" and provided a better understanding of geological controls. He emphasized the early stage of exploration on a "major, previously unexplored mineralizing system" stretching at least 3 km. The release confirms plans for a second phase of stripping before year-end, followed by a first phase of drilling this winter.

This news is a routine, positive update consistent with the company's previously communicated exploration strategy for the Burchell property. It provides concrete results from the ongoing mechanical stripping and channel sampling program, which was a planned follow-up to earlier prospecting and soil sampling results.

Positive Impacts: - Confirmation of Mineralization: The channel sample results confirm the presence of gold and base metal mineralization over varying widths (up to 14m apparent width with discontinuous gold), which is a necessary step in advancing an exploration project. While the grades (e.g., 2.1 g/t Au over 1.0 m) are not as spectacular as the previously reported high-grade grab samples (up to 68 g/t Au in Dec 2024 and Jan 2025), channel samples provide a more representative average of mineralization over a specified width, which is crucial for future resource estimation. - Improved Geological Understanding: Management highlights a better understanding of geological controls, which is vital for effective targeting of future drill programs. - Progression to Drilling: The news explicitly reiterates the plan for a second phase of stripping and, more importantly, a first phase of drilling this winter. This demonstrates the company is systematically moving the project forward from surface exploration to subsurface testing, which is a key de-risking step for an exploration company.

Neutral/Minor Negative Impacts: - Lower Grades than Grab Samples: The channel sample results, while positive, are significantly lower than the high-grade grab samples previously reported from the 111 Zone (e.g., 68 g/t Au). This is expected as grab samples are selective and often represent the best possible mineralization, whereas channel samples are intended to be more representative over a continuous interval. However, investors focused solely on high numbers might view this as a slight step back, despite it being a more realistic and scientifically sound progression. - Early Stage: The company itself states it is "in the early days" of exploring this system, reinforcing that significant de-risking and investment are still required.

Overall, the news confirms positive progress, validates prior findings in a more systematic manner, and sets the stage for a critical next phase (drilling). It is in line with expectations set by previous announcements regarding the Burchell work program and does not represent a material change in the company's fundamental prospects, but rather a steady, positive development.

Bold Ventures Inc. (TSXV: BOL) is a Canadian junior mineral exploration company primarily focused on exploring for battery, critical, and precious metals in Ontario and Quebec. The company's strategy is to identify and develop projects that meet future demand for these commodities.

Flagship Project: Burchell Gold and Copper Property (Ontario) - Location: Approximately 100 km west of Thunder Bay, within the Shebandowan Greenstone Belt. - Development: The primary focus has been the "111 Zone," a new gold discovery made in late 2024, with initial grab samples yielding high-grade gold (up to 68 g/t Au). Subsequent exploration in 2025 included MMI soil surveys identifying polymetallic anomalies, followed by mechanical stripping and channel sampling. The latest news provides results from this program, confirming widespread, though discontinuous, gold and base metal mineralization over up to 14m apparent width. The company plans winter drilling at the 111 Zone and the northwestern part of the property. - Royalties: The optionors retain a 3% Net Smelter Royalty (NSR) in the property. Bold has the right to buy back one-half of the 3.0% NSR for $2,000,000, leaving a 1.5% NSR for the optionors.

Other Key Projects: - Koper Lake Project (Ring of Fire, Ontario): Bold holds a 10% carried interest (through to production) in the Black Horse chromite deposit (NI 43-101 inferred resource of 85.9 Mt grading 34.5% Cr2O3). It also holds a 40% working interest in all other metals within the claims and a right of first refusal on a 1% NSR. This project is positioned to benefit from ongoing infrastructure development in the Ring of Fire. - Wilcorp Gold Project (Atikokan area, Ontario): A new style of Au-Ag-Cu mineralization was discovered in October 2025, with grab samples returning 4.3 g/t Au, 277 g/t Ag, and 1.8% Cu. Historical samples from the Eagle prospect area also yielded high-grade gold (up to 16 g/t Au). Bold holds the right to purchase 1.5% of a 2% NSR for $750,000. - Traxxin Gold Project (Thunder Bay region, Ontario): Historical drilling in 2021 returned up to 3.6 g/t Au over 12.3 m. Recent prospecting (Fall 2024) identified gold anomalies up to 345 ppb Au. Bold has the right to purchase 1% of a 2% NSR for $1,000,000. - Farwell Gold and Base Metals Property (Wawa, Ontario): The company amended its option agreement in January 2025, reducing cash payments, share issuances, and exploration expenditure requirements. An early exploration permit application has been submitted. Bold has the right to buy back 1.5% of a 3% NSR for $2,000,000. - Joutel Project (Quebec): 11 additional claims were staked in February 2025 to cover untested geophysical anomalies, with historical drilling in the area showing anomalous base and precious metals. - Springpole East Gold Project (Red Lake, Ontario): 208 single-cell claims (4180 hectares) were staked in January 2025, located 9 km east-northeast of First Mining Gold Corp.'s Springpole gold deposit. The area has seen very little systematic exploration.