Mr. Bruce MacLachlan reports

BOLD OPTIONS OLCOTT CLAIMS AND NOTES THE COMMENCEMENT OF RING OF FIRE ROAD CONSTRUCTION

Bold Ventures Inc. has signed an agreement to option the Olcott property adjacent to its Wilcorp property east of Atikokan, Ont. The Olcott claims host a historical gold showing known as the Jackson-Olcott occurrence and add more than seven kilometres (km) of exposure along the north side of the regional Quetico fault, along strike to the west of the Eagle prospect on the Wilcorp property. Bruce MacLachlan, president and chief operating officer of Bold, stated, "We are excited to work with the vendors of the Olcott claims to advance exploration along the prospective gold trend passing through the Wilcorp and Olcott properties."

In other news, the Ring of Fire access roads construction has begun. A recent news release from the Ontario government newsroom is on-line.

Bold chief executive officer David Graham recently attended the Critical Minerals for Defence conference held in Toronto, Canada, on June 9 and June 10. During the conference, the Honourable Minister of Energy and Mines, Stephen Lecce, highlighted that construction of the Ring of Fire access roads has commenced. Mr. Graham commented: "This is a milestone event for Bold and for the Ring of Fire region. The value proposition of mineral assets in and around the Ring of Fire region will benefit greatly with this development. Bold's management and shareholders commend the Ford government and their first nation partners for their initiative to speed the development. After the initial discoveries in 2007, the development has seen almost two decades of studies and first nation consultation in various forms. The thoroughness of this effort has been extensive."

Bold Ventures in the Ring of Fire

Bold's Koper Lake project is located near ground zero in the Ring of Fire. The company owns a 10-per-cent carried interest (through to production) in the Black Horse chromite National Instrument 43-101 inferred resource of 85.9 million tonnes (t) grading 34.5 per cent Cr2O3 at a cut-off of 20 per cent Cr2O3 (KWG Resources Inc., NI 43-101 technical report, Aubut, 2015). Bold also owns a 40-per-cent working interest in all other metals found within the Koper Lake claims and has a right of first refusal on a 1-per-cent net smelter return (NSR) royalty covering all metals found within the claim group. The Black Horse is contiguous with the Blackbird chromite deposits owned by Ring of Fire Metals (formerly Wyloo Metals after the acquisition of Noront Resources Inc.). The Koper Lake claims are located within 300 metres of their Eagle's Nest Ni-Cu (nickel-copper) massive sulphide deposit that is in the permit acquisition stage.

Bold also holds a number of claim groups located in and around the Ring of Fire region that total approximately 873 claim cells/boundary cells comprising 16,785 hectares or approximately 41,475 acres covering airborne VTEM (versatile time domain electromagnetic) geophysical anomalies. The project details may be viewed on the company's website.

The Olcott property option agreement

The Olcott property option agreement was signed on June 17, 2026, between Bold and an agent representing six vendors. The following are the schedules of cash payments and share issuances to be made to the vendors and the expenditure requirements to be made by Bold in order to earn a 100-per-cent interest in the Olcott property:

• An aggregate of $150,000 in cash payments:
  • A cash payment of $10,000 on closing;
  • A cash payment of $20,000 on or before the first anniversary of closing;
  • A cash payment of $25,000 on or before the second anniversary of closing;
  • A cash payment of $35,000 on or before the third anniversary of closing;
  • A cash payment of $60,000 on or before the fourth anniversary of closing;
• An aggregate of 1.2 million shares:
  • 150,000 common shares of Bold to be issued upon closing;
  • 175,000 shares to be issued on or before the first anniversary of closing;
  • 175,000 shares to be issued on or before the second anniversary of closing;
  • 250,000 shares to be issued on or before the third anniversary of closing;
  • 300,000 shares to be issued on or before the fourth anniversary of closing;
  • 150,000 shares to be issued on or before the fifth anniversary of closing;
• Exploration expenditures:
  • $100,000 in exploration expenditures on or before the first anniversary of closing;
  • An aggregate of $250,000 on or before the second anniversary of closing;
  • An aggregate of $450,000 on or before the third anniversary of closing;
  • And an aggregate of $750,000 on or before the fourth anniversary of closing.

The vendors retain a 2.5-per-cent net smelter return (NSR) royalty. The company has the right to purchase a 1.0-per-cent NSR royalty for $1-million.

About the Eagle and Jackson-Olcott showings

The Eagle prospect on Bold's Wilcorp property was drilled in the 1940s with reported results of 11.1 grams per tonne (g/t) gold (Au) over 4.1 metres, which, being historically designated, cannot be substantiated. The precise location of the showing is unknown, but in the general area of the presumed location based on historical maps, a number of historic trenches and pits were located. Allegheny Mines Corp. drilled these in the 1990s and obtained 1.8 g/t Au over a drilled width of 7.6 metres in one drill hole (Larouche, 1995). Grab sampling by Bold Ventures yielded a maximum assay result of 14.4 g/t Au in 2012 and a maximum of 16.3 g/t Au in 2024. Bold recently completed more than 400 metres of drilling in the vicinity of the trenches, with results pending. For more information on the Wilcorp property, please visit the Wilcorp property page on Bold's website.

The Jackson-Olcott occurrence is described as a shear zone with a central quartz vein up to two metres in width enveloped by strong iron-carbonate alteration 25 metres in width, containing pyrite and arsenopyrite (Larouche, 1995). Diamond drilling in 1995 yielded 4.6 g/t Au over 8.4 metres, including 6.9 g/t Au over 4.7 metres, from hole ASO-95-17 (Ovalbay Geological Services Inc., 1995).

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company's V.P. Exploration and a qualified person (QP) for the purposes of NI 43-101.

Bold Ventures management believes its suite of battery, critical and precious metals exploration projects is an ideal combination of exploration potential meeting future demand. The company's target commodities include: copper (Cu), nickel (Ni), lead (Pb), zinc (Zn), gold (Au), silver (Ag), platinum (Pt), palladium (Pd) and chromium (Cr). The critical metals list and a description of the provincial and federal electrification plans are posted on the Bold website.

About Bold Ventures Inc.

The company explores for precious, battery and critical metals in Canada. Bold is exploring properties located in active gold and battery metals camps in the Thunder Bay and Wawa regions of Ontario. Bold also holds significant assets located within and around the emerging multimetals district dubbed the Ring of Fire region, located in the James Bay Lowlands of Northern Ontario.

We seek Safe Harbor.