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February 18, 2004______________________________________

Further Targets Defined Within North James River Property

Bard Ventures Ltd. (the "Company") is pleased to provide this update of activities on the North James River Property (the "Property") , located adjacent to the west and to the North of the Wolfden Resources' High Lake Property, Nunavut. In preparation for the commencement of the winter exploration program, the Company is continuing the select exploration targets from the airborne electromagnetic (EM) and magnetic survey flown in the fall of 2003.

Of particular interest is the well-defined Dorothy Lake anomaly located at the south end of the Property in the area immediately west of the High Lake deposits. This EM anomaly has a coincident magnetic anomaly and is located within geology favourable for massive sulphide mineralization. The EM anomaly is present at the lower channel frequencies indicating continuity at depth. In addition to this anomaly, two other anomalies have been selected in this immediate area for follow-up during the upcoming program. The planned winter program will include UTEM and magnetic ground geophysical surveys and, subject to final results, diamond drilling.

The Property is a joint venture with the Company holding a 50% interest and Pure Gold Minerals Inc. holding the remaining 50%. In addition to the anomalies in the Dorothy Lake area a number of anomalies have been identified in the other two areas flown by the airborne EM and magnetic survey. A selection of these targets will be evaluated during the upcoming winter exploration program.

On behalf of:
Bard Ventures Ltd.

"Eugene Beukman"

Eugene Beukman