Bold Ventures and Gold X2 Sign Definitive Agreement for Sale of 42 Claim Units at Burchell

Bold Ventures Inc. (BOL) has entered into a definitive Property Purchase Agreement with Gold X2 Mining Inc. to sell 42 mining claim units located along the west boundary of its Burchell Property. The transaction follows a binding Letter of Intent announced on September 21, 2026, which initially covered 38 claims. The definitive agreement adds four contiguous claim units while maintaining the identical financial structure.

The consideration for the sale consists of C$500,000 in cash, 150,000 common shares of Gold X2, and a 2% Net Smelter Return (NSR) royalty on all Canadian critical minerals, excluding copper, mined from the subject claims. Gold X2 retains the right to buy back one-half of the NSR (1%) for C$1,000,000 in cash. The transaction is subject to TSX Venture Exchange approval and is anticipated to close shortly thereafter.

Bold Ventures Inc. (BOL) has finalized a definitive agreement that confirms the previously announced letter of intent, adding only four claim units to the original package. The financial terms remain unchanged, providing immediate non-dilutive capital of C$500,000 and retaining a 2% NSR royalty. For a micro-cap exploration company with a market capitalization of approximately C$6.4 million, this cash injection represents a meaningful liquidity boost that extends the runway for ongoing exploration at the Burchell, Traxxin, and Wilcorp projects without issuing new equity.

The retention of the NSR royalty preserves future upside if the sold claims are developed, aligning with management's stated strategy of monetizing peripheral assets while focusing exploration on the core property. The news serves as a routine follow-up to the September announcement. The market had already priced in the asset sale and the associated non-dilutive financing. The definitive agreement removes execution risk but does not introduce new valuation drivers or unexpected upside.

Bold Ventures Inc. (BOL) is a mineral exploration company focused on gold, base metals, and critical minerals in Ontario, Canada, with a project in Quebec. Its flagship asset is the Burchell Base and Precious Metals Project, which hosts multiple zones including the 111 Zone, which contains gold, copper, and zinc; the Moss Trend; the Hermia Pluton, a rare earth element system; and the newly named JET REE Zone.

The company also holds the Traxxin Gold Project, Wilcorp Gold Project, Koper Lake Property, which provides an interest in Ring of Fire chromite, Springpole East, and Farwell Gold projects. Management has a track record of major discoveries in Tier-1 jurisdictions.