Bold Options begins Ring of Fire road construction

Toronto, Ontario--(Newsfile Corp. - June 18, 2026) - Bold Ventures Inc. (TSXV: BOL) (the " Company " or " Bold ") is pleased to announce that it has signed an agreement to option the Olcott Property adjacent to its Wilcorp Property east of Atikokan, Ontario. The Olcott claims host a historical gold showing known as the Jackson-Olcott Occurrence and add more than 7 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 (see Wilcorp Property & Olcott Option Claims ). Bruce MacLachlan, President and COO 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 may be viewed here: https://news.ontario.ca/en/release/1007534/ontario-breaks-ground-on-roadways-at-the-gateway-to-the-ring-of-fire Bold CEO, David Graham recently attended the Critical Minerals for Defence conference held in Toronto, Canada on June 9 th and 10 th . 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 that "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% carried interest (through to production) in the Black Horse Chromite NI 43-101 Inferred Resource (the Black Horse) of 85.9 Mt grading 34.5% Cr 2 O 3 at a cut-off of 20% Cr 2 O 3 (KWG Resources Inc., NI 43-101 Technical Report, Aubut 2015). Bold also owns a 40% working interest in all other metals found within the Koper Lake claims and has a Right of First Refusal on a 1% NSR 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 m of their Eagle's Nest Ni-Cu 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 geophysical anomalies.

The project details may be viewed at: https://www.boldventuresinc.com/exploration-projects/ring-of-fire-ontario/ The Olcott Property Option Agreement The Olcott Property Option Agreement was signed on June 17, 2026 between Bold and an agent representing six vendors (collectively the " 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 100% interest in the Olcott Property: 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; For an aggregate of $150,000 in cash payments; 150,000 common shares of Bold (" Shares ") 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; For an aggregate of 1,200,000 Shares; $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% Net Smelter Royalty (" NSR ").