| | January 28, 2010
Opikeigen Gold Project - Technical Report
Bard Ventures Ltd. ("Bard" or the "Company") is pleased to provide this 43-101 compliant resource report for the Opikeigen Gold Project, Ontario. The report dated December 3, 2009, entitled "Technical Report on the Opikeigen Gold Project, Thunder Bay Mining Division, Northwestern Ontario", was prepared for Beatrix Ventures Inc. ("Beatrix") by Desmond Cullen, P.Geo., and Robert T. Chataway, P.Geo., of Clark Exploration Consulting, "qualified persons" for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.
The Company will propose to its shareholders at its next Annual General and Special Meeting to be held on February 24, 2010, an arrangement agreement with Beatrix, a company newly incorporated under the laws of British Columbia, which proposes an arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). The purpose of the Arrangement is to reorganize the Company's business units and optimize shareholder value by separating its investments in mineral exploration properties from its other investments in the resource sector. The Company's Opikeigen Gold Project will be transferred to Beatrix to enable Bard to focus on its core asset, the Lone Pine Molybdenum resource discovery. (See the Company's News Release dated October 9, 2009.)
On behalf of:
Bard Ventures Ltd.
"Eugene Beukman"
Eugene Beukman, President
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This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.
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