Bold Ventures Agrees to Option Its Interest in Koper Lake Project

Bold Ventures Inc. (TSX:BOL) ("Bold" or the "Company") announces that it has
signed a letter agreement (the "Agreement") with KWG Resources Inc. ("KWG") to
option its interests in the Koper Lake Project. Under the terms of the
Agreement, Bold will act as Operator of the exploration programs which are to be
funded by KWG. KWG will also make the option payments due under the agreement
with Fancamp Exploration Ltd. ("Fancamp"). Reference is made to the Press
Releases dated May 7, 2012 and January 7, 2013 relating to the Koper Lake
Project and the agreement with Fancamp (the "Fancamp Option").


Richard Nemis, President and CEO of Bold stated: "This is a great opportunity
for Bold to participate in the Koper Lake Project without having to raise funds
and dilute the interests of shareholders. Bold will be paid a management fee as
Operator and will maintain control of the programs with input from KWG. We wish
to thank the Marten Falls First Nation for its ongoing guidance and co-operation
with respect of the proposed exploration program." 


2282726 Ontario Limited ("Bold's Co-Venturer"), a subsidiary of Dundee
Corporation, signed an Option Agreement with Bold to earn a 33-1/3% interest in
Bold's Ring of Fire activities around the area of Bold's Ring of Fire claims in
Ontario (the "Bold ROF Project") by funding $2.5 million of exploration work,
over $2.0 million of which has been expended to date. Reference is made to
Bold's Press Release dated May 31, 2011 for further particulars. Once Bold's
Co-Venturer earns its 33-1/3% interest, a joint venture will be formed between
Bold's Co-Venturer and Bold giving Bold's Co-Venturer the right to participate
for up to 33-1/3% in Bold's ROF Project by funding its portion of the project's
budgets. The Koper Lake Project is within the Bold ROF Project.


KWG can acquire an 80% interest in chromite produced from the Koper Lake Project
by funding 100% of the costs to a feasibility study leaving Bold and Bold's
Co-Venturer with a 20% carried interest, pro rata. For nickel and other
non-chromite minerals identified during the exploration programs, the parties
have agreed to form a joint venture in which KWG would have a 20% participating
interest and Bold and Bold's Co-Venturer would have an 80% participating
interest, pro rata. KWG will have a right of first refusal to purchase all ores
or concentrates produced by such joint venture whenever its interest in the
joint venture exceeds 50%.


The transaction is scheduled to close February 21, 2013. KWG has placed
$3,300,000 in escrow pursuant to the Agreement to be released on closing of the
transaction. $300,000 will be paid to Bold to reimburse Bold for the first
option payment paid to Fancamp pursuant to the Fancamp Option and $3,000,000
will be used for the first exploration program to commence immediately upon
closing of the transaction. The program has budgeted $2,000,000 to drill the
chromite horizon and an additional $1,000,000 has been budgeted to drill a
contiguous possible nickel target.


The Agreement is subject to due diligence and all necessary approvals. 

On Behalf of the Board of Directors  

Richard Nemis, President and CEO 

Cautionary Note Regarding Forward-Looking Statements: This Press Release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such risks and
uncertainties. Many factors could cause our actual results to differ materially
from the statements made, including those factors discussed in filings made by
us with the Canadian securities regulatory authorities. Should one or more of
these risks and uncertainties, such actual results of current exploration
programs, the general risks associated with the mining industry, the price of
gold and other metals, currency and interest rate fluctuations, increased
competition and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual results may
vary materially from those described herein as intended, planned, anticipated,
or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are
cautioned not to put undue reliance on such forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bold Ventures Inc.
Richard Nemis
President and CEO
416 864 1456
416 864 1443 (FAX)
www.boldventuresinc.com
Bold Ventures (TSXV:BOL)
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