"We need a "true" entrepreneur and respected mining exec to head up Noront,.Someone that can light a spark under the investment community."

Ironic that Richard Nemis pretty much the only one still working the ROF these days.

He's still going after the motherlode. All the power to him.

Bold Ventures Closes Option of Its Interest in Koper Lake Project

TORONTO, ONTARIO, Mar 04, 2013 (MARKETWIRE via COMTEX) -- Bold Ventures Inc. /quotes/zigman/1509137 CA:BOL -6.25% ("Bold" or the "Company") is pleased to announce that it has signed the definitive Option and Joint Venture Agreements (the "Option Agreement") with KWG Resources Inc. ("KWG") to option its interests in the Koper Lake Project. Under the terms of the Option 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 Release dated February 4, 2013 and 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").

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 its 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 its 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%.

On Closing, Bold was paid $300,000 to reimburse it for the first option payment paid by Bold to Fancamp pursuant to the Fancamp Option and KWG advanced $3,000,000 to Bold to fund the first exploration program to commence immediately. The program has budgeted $2,000,000 to drill the chromite horizon and an additional $1,000,000 has been budgeted to drill a related possible nickel target.

The Company has previously entered into an MOU with Marten Falls First Nation relating to the project work that is located in their traditional lands (see Press Release dated October 31, 2012). Mobilization of the drill program will commence immediately.

On Behalf of the Board of Directors

Richard Nemis, President and CEO