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April 29, 2002______________________________________

$500,000 SHORT FORM OFFERING COMPLETED

Eugene Beukman, President of Bard Ventures Ltd. ("Bard") is pleased to announce that it has completed a public offering in escrow pursuant to a Short Form Offering document dated March 28, 2002 and effective April 2, 2002 of 2,500,000 units at $0.20 per unit, raising gross proceeds of $500,000. The offering was composed of 1,250,000 flow-through units and 1,250,000 non-flow through units. Each flow-through unit is comprised of one flow-through common share and one non-flow-through share purchase warrant. Each non-flow-through unit is comprised of one non-flow-through common share and one non-flow-through share purchase warrant. Each warrant entitles the holder to purchase one additional common share at a price of $0.25 until April 29, 2004.

The escrow conditions provide that the net proceeds will be released to Bard upon delivery to the agent of certificates representing listed warrants. The warrants comprised in the units are expected to trade within the next few business days on the TSX Venture Exchange.

Canaccord Capital Corporation acted as the Company's agent for the offering. The agent was paid a cash commission of $50,000 and were issued 500,000 agent's warrants. Each agent's warrant entitles the holder to purchase one common share at a price of $0.25 until April 29, 2004. In addition, Canaccord Capital Corporation was paid a corporate finance fee by the issuance of 200,000 common shares and an administration fee in cash.

Certain of the common shares and warrants comprised in the units, the corporate finance fee shares, the agent's warrants and any shares issued upon exercise of certain of the warrants, including the agent's warrants, are subject to a hold period and may not be traded until August 30, 2002, except as permitted by applicable securities legislation and the TSX Venture Exchange.

The proceeds from this financing will be used to further the advancement of Bard's diamond exploration activities and for general working capital.

On behalf of:
Bard Ventures Ltd.

(signed) "Eugene Beukman"

Eugene Beukman
President For further information please visit our website at www.bardventures.