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July 23, 2002______________________________________

EXPLORATION PROJECT UNDERWAY ON OTISH MOUNTAINS PROPERTIES, QUEBEC

Bard Ventures Inc. ("Bard") is pleased to announce the commencement of field operations on the Otish 3 and Otish 6 properties, Quebec. The recent announcement of further encouraging results from the Renard kimberlites by the Ashton/Soquem joint venture have continued to focus attention on the Otish Mountain region. In addition to the operations of Bard, summer field programs are currently being conducted in the immediate area by Pure Gold Minerals Inc. and it's partner Ditem Explorations Inc., Ashton/Soquem and Canabrava/Majescor.

Interpretation of the airborne geophysical survey over the Otish 3 property identified a number of kimberlite targets, one of which was tested in April by drilling. The priority kimberlite targets will be evaluated during the planned exploration program. Surface exploration to test all anomalies will include geological prospecting, till sampling for kimberlite indicator minerals, and geophysical surveys if warranted. Diamond drilling is also planned for the Otish 3 property.

The company has also received the results of the airborne survey over the Otish 6 property. The processing and interpretation of these results has identified a number of kimberlite target anomalies within the property. The company will evaluate the priority anomalies during the planned surface exploration program. The results of these programs will dictate future exploration on the property.

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