Bold Ventures Issues Shares in Lieu of Option Payment and Updates By-Laws

TORONTO, ONTARIO -- (Marketwired) -- 05/15/13 -- Bold Ventures Inc. (TSX VENTURE: BOL) (the "Company") wishes to announce that it has issued 126,263 Common shares valued at $0.099 per share in lieu of $12,500 of a $25,000 cash option payment due to the Optionee of four (4) patented mining claims comprising the Wilcorp Property. The Common shares are subject to a hold period ending on September 15, 2013.

The Company also wishes to announce that the Board of Directors has adopted a new general By-Law Number 1-A ("2013 By-Law") which includes an advance notice policy (the "Advance Notice Provisions") requiring advance notice to the Company in circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company other than pursuant to: (i) the requisition of a meeting, or (ii) a shareholder proposal, both made pursuant to the provisions of the Business Corporations Act (Ontario) (the "Act").

Among other things, the Advance Notice Provisions fix a deadline by which holders of record or beneficial holders of common shares of the Company must submit director nominations to the Company prior to any annual or special meeting of shareholders and set forth the information that a shareholder must include in the notice to the Company. In the case of an annual meeting of shareholders, notice to the Company must be provided not less than 30 days nor more than 65 days prior to the date of the annual meeting.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the Company must be provided no later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The 2013 By-Law, which includes the Advance Notice Provisions, is effective as of the date it was approved by the Board of Directors, being May 15, 2013. In accordance with the Act, the 2013 By-Law is subject to confirmation by shareholders at the Company's next Annual Meeting. The 2013 By-Law is available under the Company's profile on SEDAR at www.sedar.com and can also be obtained from the Company.

For more information, please visit www.boldventuresinc.com.

Richard E. Nemis, President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Bold Ventures Inc.

Richard E. Nemis

President and Chief Executive Officer

416-864-1456
www.boldventuresinc.com