Bold Ventures Consolidates Joutel Property in Quebec, Targets Base and Precious Metals

Vancouver, BC – March 2, 2026 – Bold Ventures Inc. has undertaken a significant strategic move to enhance its exploration footprint in Quebec, Canada, by acquiring six new mining claims immediately adjacent to its existing Joutel Property. This consolidation, formalized through an agreement with 2099840 Ontario, trading as Emerald Geological Services (EGS), is poised to unlock the full exploration potential of a district recognized for its polymetallic prospectivity, specifically targeting nickel (Ni), copper (Cu), zinc (Zn), gold (Au), and silver (Ag).

The transaction, announced on March 2, 2026, involves Bold Ventures issuing 750,000 common shares to EGS. This strategic expansion is not merely an addition of land; it represents the culmination of a deliberate effort to reassemble and consolidate a key land package that hosts compelling geophysical anomalies identified in previous exploration efforts.

Strategic Expansion and Property Consolidation

The newly acquired six claims will integrate seamlessly into Bold Ventures' existing Joutel land package, creating a contiguous and more manageable exploration area. Upon completion of the transaction and TSX Venture Exchange approval, the Joutel project will comprise a robust block of 58 claims, encompassing a total of 3,217 hectares. This consolidated package significantly enhances Bold's ability to conduct systematic exploration across a known mineralized trend.

The Joutel claim group itself is strategically located approximately 140 kilometers north-west of Val d’Or, a renowned mining hub in Quebec. Furthermore, it lies just 6 kilometers south-south-east of the historic mining town of Joutel, within the Poirier and Dalet Townships. This proximity to a historical mining center suggests a geological environment conducive to significant mineralization, often indicating fertile belts that have yielded past discoveries and hold potential for new ones.

Bruce MacLachlan, President and Chief Operating Officer of Bold Ventures, underscored the importance of this aggregation, stating, “The proposed acquisition of the EGS claims is a major step forward for Bold’s Joutel project, which will become a consolidated land package of 58 claims comprising 3217 hectares covering numerous geophysical anomalies associated with known base and precious metal mineralisation.” This statement highlights the dual benefit of the acquisition: not only is the land package larger and contiguous, but it specifically targets areas with known geological markers for mineralization.

The Geoscience Behind the Deal: VTEM Anomalies and Historical Mineralization

The impetus for acquiring these specific claims stems directly from the promising geophysical data generated by Bold Ventures. A comprehensive versatile time-domain electromagnetic (VTEM) survey conducted by the company in 2012 over the original Joutel Property outlined a number of significant anomalies. VTEM surveys are a critical tool in early-stage mineral exploration, effectively mapping subsurface conductivity variations which can indicate the presence of massive sulfide deposits – common hosts for base metals like nickel, copper, and zinc – as well as graphitic horizons or other conductive alteration zones often associated with gold and silver mineralization.

Of particular interest is "anomalous area 3B," which has a direct correlation with historical diamond drill results. These historical intercepts are highly encouraging, demonstrating the presence of both nickel and gold mineralization. Specific results include:

  • 0.83% nickel over 3.7 meters
  • 0.51 grams per tonne gold over 3.05 meters

These historical figures provide tangible evidence of the mineral potential within the expanded Joutel property. Such intercepts, even if from non-NI 43-101 compliant historical drilling, act as vital pathfinders, guiding modern exploration efforts to target areas with the highest probability of discovery. Bold Ventures CEO David Graham articulated the company's enthusiasm, stating, “We are pleased to have reassembled our Joutel claims. Our 2012 VTEM survey outlined a number of anomalies that we believe are prospective for nickel (Ni), copper (Cu), zinc (Zn), gold (Au) and silver (Ag). We are excited to explore these anomalies to generate what we anticipate will be high potential drill targets.”

The combination of VTEM anomalies with historical drill intercepts creates a compelling exploration thesis, significantly de-risking the initial phases of target generation. It suggests that the conductive bodies identified by the VTEM survey are indeed linked to significant mineralization, setting the stage for more advanced exploration work.

Key Players and Transaction Details

The agreement for the claim acquisition is with 2099840 Ontario, operating under the name Emerald Geological Services (EGS). A notable aspect of this transaction is the involvement of key personnel who simultaneously serve in leadership roles at Bold Ventures and operate EGS. Bruce MacLachlan, President and Chief Operating Officer of Bold, along with Coleman Robertson, Vice-President of Exploration for Bold, are the operators of EGS.

Due to this overlap in directorship, the transaction qualifies as a "related party transaction" under Multilateral Instrument 61-101 (MI 61-101). MI 61-101 is a Canadian securities rule designed to protect minority shareholders in transactions involving related parties by requiring independent valuations and minority shareholder approval in certain circumstances. However, Bold Ventures has clarified that this specific transaction is exempt from many of these valuation and approval requirements. This exemption is applicable because the market value of the consideration involved – the 750,000 common shares issued to EGS – does not exceed 25% of Bold Ventures’ market capitalization. This regulatory nuance ensures transparency while streamlining the approval process for smaller, strategically important transactions.

The finalization of the agreement remains subject to the approval of the TSX Venture Exchange, a standard prerequisite for such transactions involving publicly traded junior mining companies in Canada.

Industry Context: The Joutel Region and Quebec's Allure

Quebec stands as one of the world's premier mining jurisdictions, consistently ranking high on global investment attractiveness indices due to its rich geological endowment, supportive regulatory environment, and well-developed infrastructure including access to hydro-electric power and skilled labor. The Abitibi Greenstone Belt, where the Joutel Property is situated, is globally recognized for hosting numerous world-class gold and base metal deposits, including the prolific Val d'Or and Rouyn-Noranda mining camps.

The Joutel area specifically has a history of mining, providing valuable context for Bold’s current efforts. Historically, the area has seen episodic exploration and extraction, particularly for base metals and gold. This legacy means that regional geological understanding is relatively advanced, and existing infrastructure, even if rudimentary, can aid new projects.

The current market demand for the target commodities at Joutel—nickel, copper, zinc, gold, and silver—is robust. Nickel and copper are critical metals for the global transition to a green economy, being essential components in electric vehicles (EVs), renewable energy infrastructure, and battery technology. Zinc remains vital for galvanizing and industrial applications. Gold and silver, considered precious metals, serve as traditional safe-haven assets and are integral to electronics and investment portfolios. This diverse commodity exposure positions Bold Ventures to capitalize on multiple market fronts should exploration prove successful.

Forward Outlook and Exploration Strategy

With the consolidation of the Joutel Property, Bold Ventures is poised to move rapidly into the next phase of exploration. Bruce MacLachlan outlined the immediate next steps, stating, “We anticipate a ground geophysical survey this winter to better define these geophysical anomalies in advance of drilling.”

A ground geophysical survey, typically involving methods like Induced Polarization (IP) or detailed electromagnetic (EM) surveys, will provide higher resolution data than the regional 2012 VTEM survey. This detailed data will be crucial for precisely delineating the size, shape, and depth of the VTEM anomalies, transforming broad targets into "high potential drill targets." The winter timing is often strategic in Quebec, as frozen ground conditions can facilitate access to remote areas and improve data acquisition quality for certain geophysical methods.

Assuming positive results from the upcoming ground geophysics, the logical next step for Bold would be a targeted diamond drilling program. Drilling is the ultimate tool for confirming the presence of mineralization, determining its grade, thickness, and spatial orientation, and eventually leading to resource estimation. The company's strategy demonstrates a methodical, derisking approach: initial regional survey (VTEM) identifies anomalies, historical data provides validation markers, ground geophysics refines targets, and ultimately, drilling tests these high-priority areas.

Conclusion

Bold Ventures' acquisition of additional claims at its Joutel Property marks a pivotal moment for the company, significantly enhancing its exploration potential in a well-regarded Canadian mining jurisdiction. By consolidating a strategic land package that combines compelling VTEM anomalies with historical drill intercepts of nickel and gold, Bold has laid the groundwork for a focused and potentially high-impact exploration campaign. The upcoming ground geophysical survey this winter is anticipated to be the critical stepping stone towards generating definitive drill targets, positioning Bold Ventures to make new discoveries in the fertile Joutel district and add value for its shareholders amidst a strong market for critical base and precious metals.