Mr. Bruce MacLachlan reports
BOLD VENTURES AND GOLD X2 SIGN DEFINITIVE AGREEMENT FOR SALE OF 42 CLAIM UNITS AT BURCHELL
Bold Ventures Inc., further to its news release of Sept. 21, 2026, has signed a property purchase agreement (PPA) dated Oct. 30, 2026, with Gold X2 Mining Inc., whereby Gold X2 will acquire 42 mining claim units along the west boundary of Bold's 242-claim Burchell property adjoining Gold X2's Moss project. An additional four mining claim units contiguous to the original 38 claims were added to the PPA. Pursuant to the PPA, Gold X2 will purchase the 42 claims in exchange for consideration of:
- $500,000 cash;
- 150,000 common shares of Gold X2;
- A 2-per-cent net smelter return (NSR) royalty on all Canadian critical minerals (excluding copper) mined from within the subject claims. Gold X2 maintains the right to buy back one-half of the NSR (a 1-per-cent royalty) for $1-million cash.
The transaction remains subject to approval of the TSX Venture Exchange and it is anticipated to close as soon approval is obtained.
Bruce MacLachlan, president and chief operating officer of Bold, stated: "We are pleased to come to a mutually beneficial agreement with Gold X2 and look forward to the next phase of exploration at Burchell, where we will continue to advance our gold, zinc, copper and rare earth element showings."
Bold Ventures management believes our suite of battery, critical and precious metals exploration projects are an ideal combination of exploration potential meeting future demand. The company's target commodities comprise: 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.
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