April 4, 2002______________________________________
Eugene Beukman, President of Bard Ventures Ltd. ("Bard") is pleased to announce it has received preliminary data from the recently completed airborne magnetic survey flown over the Otish 3, Otish 4 and Otish 6 claim blocks. Fugro Airborne Surveys completed the 175 square kilometre survey on a 75 metre line spacing, which has shown to be an optimal distance for identification of kimberlite bodies. Anomalies generated from the airborne surveys will be investigated further by ground exploration surveys of till sampling and diamond drilling. Final results of the airborne magnetic survey are expected shortly.
Otish Mountains Quebec - Claim Blocks 3, 4, 6, 11 and 13
Bard is also is pleased to announce it has entered into a joint venture agreement with Mandalay Resources Corporation ("Mandalay") whereby Mandalay will earn a 25% interest in Bard's claim blocks 3, 4, 6, 11 and 13, by completing the following:
- Make a cash payment of $13,000 per claim block for a total of $65,000;
- Issue 50,000 shares per claim block for a total of 250,000;
- Spend five hundred thousand dollars ($500,000) over the next 3 years;
The above is subject to regulatory approval.
On behalf of:
Bard Ventures Ltd.
(signed) "Eugene Beukman"