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December 19, 2003______________________________________


Bard Ventures Ltd. (the "Company") is pleased to announce that it has closed the non-brokered private placement announced on December 12, 2003 and amended December 18, 2003. The Company sold 1,666,667 flow-through units, at a price of $0.18 per unit for gross proceeds of approximately $300,000.

Each flow-through unit consists of one flow-through common share and one share purchase warrant to purchase one additional non-flow-through common share at a price of $0.25 per share until December 19, 2004. The shares and the warrant shares are subject to a hold period expiring on April 20, 2004.

The net proceeds of the private placement will be used to fund exploration on the Company's North James River Project.

On behalf of:
Bard Ventures Ltd.

"Eugene Beukman"

Eugene Beukman