Bold Ventures Announces Non-Brokered Private Placement

Bold Ventures Inc. announced a non-brokered private placement aiming to raise gross proceeds of up to $1,065,000. The financing is structured into two types of units: - Working Capital (WC) Units: Up to 6,000,000 units at $0.08 per unit, totaling up to $480,000. Each WC unit includes one common share and one common share purchase warrant, exercisable at $0.12 for 36 months. - Flow-Through (FT) Units: Up to 6,500,000 units at $0.09 per unit, totaling up to $585,000. Each FT unit includes one flow-through common share and one-half of a common share purchase warrant, with each full warrant exercisable at $0.12 for 24 months.

The proceeds are allocated for general working capital, property maintenance, exploration expenses, and offering expenses, with FT funds specifically designated for Canadian Exploration Expenses (CEE). The offering is subject to TSX Venture Exchange approval.

This announced private placement is a material and positive development for Bold Ventures Inc. for several key reasons:

1. Critical Capital Infusion: As an early-stage exploration company with limited treasury (cash of $198,989 as of July 31, 2025) and a monthly burn rate exceeding $100,000, securing over $1 million is paramount for operational continuity. This new financing, in conjunction with the $378,000 FT placement closed on December 11, 2025, significantly bolsters the company's financial runway.
2. Improved Pricing: The unit pricing of $0.08 for WC units and $0.09 for FT units represents a notable improvement over previous financings earlier in 2025 (e.g., WC units at $0.05, FT units at $0.06). This higher pricing suggests increased market confidence in the company's prospects or favorable market conditions, reducing the dilutive impact compared to earlier rounds. The warrants are also priced higher at $0.12, which is positive for potential future capital inflows at a higher valuation.
3. Funding Exploration Activities: The designated use of proceeds for exploration, particularly CEE, is vital for advancing the company's projects. Bold Ventures has ambitious plans, including winter drilling at the Burchell Gold and Copper Project following encouraging fall sampling results. This financing directly enables the execution of these critical exploration programs, which are essential for unlocking shareholder value.
4. Mitigation of Short-Term Risk: The company's recent financial statements indicated a reliance on continuous capital raises and an increasing balance of amounts due to related parties. This new financing, if fully subscribed, helps to mitigate immediate liquidity concerns and allows management to focus on project advancement rather than constant fundraising.
5. Dilution Context: While the issuance of up to 12.5 million new shares will lead to approximately 16.2% dilution based on current outstanding shares (77,025,125 post-Dec 11 closing), dilution is an expected and necessary component of funding exploration in this sector. The improved pricing helps to soften this impact.

Overall, the ability to raise significant capital at more favorable terms indicates a positive market reception to the company's recent exploration successes and strategic direction, making this a materially positive event.

Bold Ventures Inc. (TSXV: BOL) is a Canadian mineral exploration company dedicated to identifying and developing battery, critical, and precious metal projects across Ontario and Quebec. The company's strategic focus is on commodities such as Copper (Cu), Nickel (Ni), Lead (Pb), Zinc (Zn), Gold (Au), Silver (Ag), Platinum (Pt), Palladium (Pd), and Chromium (Cr), positioning itself to meet future demand driven by electrification and critical mineral needs.

The company's key projects include:

• Burchell Gold and Copper Project (Ontario): This is currently a primary focus, located approximately 100 km west of Thunder Bay. The project gained significant attention with the late 2024 discovery of the "111 Zone," which yielded high-grade grab samples up to 68 g/t Au. Throughout 2025, extensive work including MMI soil surveys, prospecting, mechanical stripping, and channel sampling has outlined a 2.9 km discontinuous gold trend associated with geophysical anomalies. Fall sampling confirmed broad gold and base metal mineralization, setting the stage for a winter 2025/2026 drilling program. Management views Burchell as an underexplored property with high potential for new discoveries.
• Koper Lake Project (Ring of Fire, Ontario): Located in the strategic James Bay Lowlands, this project hosts the Black Horse Chromite deposit, with an NI 43-101 Inferred Resource of 85.9 million tonnes grading 34.5% Cr2O3. Bold holds a 10% carried interest in chromite and a 40% working interest in all other metals, with a Right of First Refusal on a 1% NSR. The project's value is heavily tied to the development of all-weather road access and infrastructure in the Ring of Fire, which continues to be a focus of provincial and federal efforts and First Nations engagement.
• Wilcorp Gold Project (Ontario): Situated near Atikokan, the project recently reported a new style of Au-Ag-Cu mineralization with grab samples up to 4.3 g/t Au and 277 g/t Ag. This builds on historical high-grade gold intercepts and IP survey anomalies.
• Traxxin Gold Project (Ontario): Located west of Thunder Bay, previous drilling in 2021 returned up to 3.6 g/t Au over 12.3m. Recent prospecting suggests extensions of gold-bearing shear zones.
• Farwell Gold-Copper Project (Ontario): Northwest of Wawa, the company is progressing through option agreement amendments, permit applications, and First Nations negotiations.
• Joutel Project (Quebec): Located northwest of Val d'Or, the company expanded its land package in early 2025 to cover untested geophysical anomalies, with historical drilling indicating base and precious metal mineralization.
• Springpole East Gold Project (Ontario): Staked in early 2025, these 208 claims are strategically located near First Mining Gold's large Springpole deposit, targeting similar geological settings with limited historical exploration.