Mr. Bruce MacLachlan reports

BOLD VENTURES IDENTIFIES WIDESPREAD RARE EARTH ELEMENT ANOMALIES AT BURCHELL, PLANS NEXT PHASE OF EXPLORATION

Widespread rare earth element (REE) anomalies have now been identified in grab samples and drill core within the Hermia pluton in the northern part of Bold Ventures Inc.'s Burchell project, located 100 kilometres (km) west of Thunder Bay in Ontario.

The REE system was initially discovered during Bold's March, 2026, drill program. Hole BL-26-05A returned 1,022 parts per million (ppm) total rare earth oxides (TREO) over 55.2 metres (m), comprising the entire drill hole beneath 55.8 m of overburden, hosted in a syenite-carbonatite system (announced in Bold's news release dated June 3, 2026). A subsequent prospecting program targeted outcrops within the Hermia pluton previously mapped by the Ontario Geological Survey (OGS) farther east on the property. Several outcrops returned anomalies more than ppm TREO with a maximum of 3,060 ppm (0.3 per cent) TREO and are located between 2.2 and 3.2 kilometres (km) east of the discovery drill hole. Co-ordinates and rock types of samples more than 500 ppm TREO are given in table 1. Anomalous grab samples were also associated with elevated concentrations of pathfinder elements Ba (barium) and Sr (strontium), similar to the core samples in hole BL-26-05A. Additionally, the more than 500 ppm TREO values obtained in grab samples comprised 20 to 30 per cent magnet rare earth oxides (MREOs), including Nd (neodymium), Pr (praseodymium), Dy (dysprosium) and Tb (terbium), which are essential to EV (electric vehicle), clean energy, aerospace and defence applications.

The next phase of exploration is planned to consist of ground geophysics across the newly identified fertile corridor associated with the Hermia pluton, which occupies a six km stretch in the northern part of the property. A ground gravimetric survey will assist in delineating different phases of the Hermia pluton, which may include more enriched carbonatite rocks. Also planned is the reprocessing and reinterpretation of the 2019 airborne magnetic survey across the property, which will aid in identifying magnetite-rich zones associated with REE mineralization, as well as pluton boundaries, structural controls and alteration zones. Finally, extending hole BL-26-05A is planned as the hole ended in anomalous REE mineralization.

Bruce MacLachlan, president and chief operating officer of Bold Ventures, stated: "We are pleased to have made further progress on the rare earth element system discovered in our March drill program. It is now clear that the Hermia pluton is a fertile rare earth system not limited to the area of the discovery drill hole and we look forward to unlocking its potential through systematic exploration, which, in the near term, will involve ground geophysics and extending hole 5A."

Importance of rare earth elements

Rare earth elements are critical to modern manufacturing processes across a wide range of sectors, including electronics, clean energy, aerospace, automotive and defence. The largest and most important use of REEs is in the production of permanent magnets (NdFeB magnets), which require the magnet rare earths Nd, Pr, Dy and Tb, and accounted for 48 per cent of the global demand for REEs in 2024. Canada is not yet a producer of REEs but holds some of the largest known rare earth resources globally, estimated at over 15 million tonnes of rare earth oxide in 2024. China is the world's largest producer of REEs, accounting for 69 per cent of global production in 2024. Establishing a secure and sustainable REE supply for industrial and defence applications has been an increasing concern for governments worldwide, including Canada's federal and provincial governments. Ontario's Ford government recently released its "Framework for the Ontario Defence Industrial Strategy" document at the CANSEC 2026 defence and security trade show in Ottawa, in which Northern Ontario was mentioned as being part of an industrial cluster through the mining of critical minerals used in the defence and high-tech manufacturing.

QA/QC (quality assurance/quality control) protocols

Rock samples were placed in sealed bags and driven to AGAT Laboratories in Thunder Bay, an ISO/IEC 17025-accredited laboratory. Blanks and standard certified reference materials were inserted into each batch of samples submitted. All samples were analyzed using AGAT methods 202-551, a 50-gram fire assay with atomic absorption spectroscopy finish for Au (gold) analysis, and 201-378, a sodium peroxide fusion with ICP-OES (inductively coupled plasma optical emission spectoscopy) and ICP-MS (inductively coupled plasma mass spectrometry) finish, for 58 trace elements, including most REEs.

The technical information in this news release was reviewed and approved by Coleman Robertson, BSc, PGeo, the company's vice-president of exploration and a qualified person (QP) for the purposes of National Instrument 43-101.

Bold Ventures management believes our 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.