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August 29, 2002______________________________________

EXPLORATION PROGRAM COMPLETED - OTISH MOUNTAINS

Bard Ventures Inc. (the "Company") is pleased to announce that the planned exploration program on the Otish 3 and Otish 6 claim groups, Quebec has been completed. The Company completed the detailed surface evaluation of a number of anomalies of both claim groups. This program included prospecting, ground magnetics and sampling of glacial till for analysis for diamond indicator minerals on Otish 6. Otish 3 drilling did not intersect kimberlite, however two additional anomalies selected for glacial till sampling and additional geophysical targets are being evaluated. On the Otish 6 claim group as a result of the surface evaluation program 7 priority anomalies were selected for glacial till sampling.

The recent discovery of a second kimberlite by Pure Gold Minerals Inc. on the Tichégami River property is a positive development for the area. The H-1 and now the H-2 kimberlite, located in the area of the Otish 3 and Otish 6 claims are the only kimberlites recently discovered in the Otish Mountains region other than the Ashton/Soquem Renard kimberlites. This brings to three the number of kimberlites on the Beaver Lake area and continues to indicate the potential for a second cluster of kimberlites.

The results from the recent exploration program will be analyzed as they are received and the exploration of the Otish 3 and Otish 6 properties will be carried out before year end.

Geoffrey Goodall, P.Geo., a Director of Bard, is responsible for the design and implementation of its exploration programs.

On behalf of:
Bard Ventures Ltd.

"Eugene Beukman"

Eugene Beukman
President