Bold Ventures Closes Sale of 42 Claim Units at Burchell

Bold Ventures Inc. (BOL) has finalized the sale of 42 mining claim units, covering approximately 6.5 km², along the west boundary of its Burchell Property to Gold X2 Mining Inc. The transaction, which closes the Letter of Intent announced on September 21, 2026, and the definitive property purchase agreement signed on November 2, 2026, includes 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 repurchase one-half of the NSR, or 1%, for C$1,000,000 in cash. Following the closing, the Burchell Project area is reduced to approximately 39.4 km², comprising 200 mining claim units.

Bold Ventures Inc. (BOL) has closed a transaction providing immediate non-dilutive capital of C$500,000, strengthening the company's working capital position without issuing new shares. The deal includes 150,000 Gold X2 shares and a 2% NSR royalty, preserving upside participation in the adjacent Moss Project. This structure aligns with management's strategy to monetize peripheral land while retaining an exploration focus on core zones.

The closing follows the September letter of intent and November definitive agreement announcements, terms which the market had already priced in. With TSX Venture Exchange approval secured, regulatory uncertainty has been removed. Management can now redirect capital toward planned fall and winter drilling programs at the Traxxin and Burchell projects.

Bold Ventures Inc. (BOL) is a pre-revenue mineral exploration company focused on gold, base metals, and critical minerals across Ontario and Quebec, Canada. The company’s flagship asset is the Burchell Base and Precious Metals Project, which hosts multiple exploration targets including the 111 Zone, featuring gold, copper, and zinc; the Moss Trend, focused on gold; and the Hermia Pluton, a rare earth element system. Recent drilling at the property has identified wide anomalous gold-base metal intervals and a syenite-carbonatite hosted REE system averaging 1,022 ppm TREO over 55.2 meters.

The company’s portfolio also includes the Traxxin Gold Project, which has recorded high-grade quartz vein intersections up to 100.7 g/t Au, and the Wilcorp Gold Project’s Eagle Prospect. Additional assets include the Koper Lake Property, which holds a 10% carried interest in the Black Horse Chromite NI 43-101 inferred resource, and the Joutel Project in Quebec, which targets base and precious metals.

Management is led by CEO David Graham and President/COO Bruce MacLachlan, who bring a track record in major Canadian discoveries. Technical oversight is provided by Qualified Person Coleman Robertson, P. Geo.