Bold Ventures signs letter of intent with Gold X2 for 38 claim units at Burchell

Toronto, Ontario--(Newsfile Corp. - September 21, 2026) - Bold Ventures Inc. (TSXV: BOL) (OTCQB: BVLDF) (the " Company " or " Bold ") is pleased to announce that it has signed a binding Letter of Intent (" LOI ") with Gold X2 Mining Inc. (" Gold X2 ") whereby Gold X2 will acquire 38 mining claim units (the " 38 Claims ") along the west boundary of Bold's 242 claim Burchell Property (the " Property ") adjoining Gold X2's Moss Project, see Figure 1 (below). The LOI outlines a transaction (the " Transaction ") whereby Gold X2 will purchase the 38 Claims in exchange for consideration of:

C$500,000 cash.

150,000 common shares of Gold X2 with a nominal value of approximately C$1.25 million reflecting the closing price of the common shares on September 18, 2026.

A 2% 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 (1%) for C$1,000,000 cash.

The 38 Claims cover approximately 6.5 km 2 and are host to historical gold and critical mineral occurrences as well as anomalous gold and rare earth elements that were located during Bold's recent drilling campaign (see Bold news releases dated June 3, 2026 and July 23, 2026 ). The 38 Claims are subject to an existing 3% net smelter return royalty, one half of which can be purchased for C$2.5 million. The Burchell Project will cover an area of approximately 39.4 km 2 comprising 204 mining claim units.

The transaction is subject to the execution of definitive agreements including conditions, representations and warranties that are customary for a transaction of this nature. The transaction is subject to approval of the TSX Venture Exchange.

Burchell Project Plans

Bold's immediate focus at Burchell will be to follow up the anomalous copper, zinc and gold values encountered at the "111 Zone" and along trend in both directions (see Bold news release dated March 19, 2026 ). Additionally, geophysical surveys and follow-up prospecting across approximately 4 km of the Hermia Pluton and its southern contact zone will aid in determining drill targets for the next phase of drilling. Recent grab samples within this area of the pluton returned values ranging from 32 ppm up to 3,060 ppm (0.3%) Total Rare Earth Oxides (TREO).

Bruce MacLachlan, President and COO of Bold commented that "This agreement will strengthen Bold's cash position in a non-dilutive manner while maintaining significant upside for our shareholders through the royalty and continued exploration of the vast majority of our Burchell claim group. We have only scratched the surface at our "111 Zone" and the Hermia Pluton while the majority of the claim group remains under explored."

Figure 1

To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5762/315110_08fc0804941ef8fe_001full.jpg

The technical information in this news release was reviewed and approved by Coleman Robertson, B.Sc., P. Geo., the Company's V.P. Exploration and a qualified person (QP) for the purposes of NI 43-101.