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March 15, 2002______________________________________


Eugene Beukman, President of Bard Ventures Ltd. ("Bard") is pleased to announce it proposes to carry out a public offering to raise up to $500,000 by offering 1,250,000 flow-through units (the "FT Units") at a price of $0.20 per FT Unit and 1,250,000 non-flow-through units (the "Non-FT Units") at a price of $0.20 per Non-FT Unit by way of a short form offering document (the Short Form") in accordance with Policy 4.6, "Public Offering by Short Form Offering Document", of the Canadian Venture Exchange (the "Exchange").

Each FT Unit will consist of one flow-through common share of the Company (a "FT Share") and one share purchase warrant (a "Warrant"). Each Non-FT Unit will consist of one non-flow-through common share the Company (a "Non-FT Share") and one Warrant. Each Warrant will entitle the holder thereof to purchase one additional non-flow-through common share (a "Warrant Share") for a period of 24 months following completion of the offering and the issuance by the Company of the FT Units and Non-FT Units (the "Closing") at a price of $0.25 per Warrant Share. (The FT Units and the Non-FT Units are referred to collectively as the "Units".)

The offering will take place on a day, as determined by the Agent and the Company, with the consent of the Exchange, within a period of 60 days from the date of acceptance of the Short Form by the Exchange. The closing of the offering will take place on the day that falls three business days after the Offering Day. This offering is being made only to residents of British Columbia and Alberta and such other jurisdictions where the Units may lawfully be sold.

Canaccord Capital Corporation (the "Agent") will act as agent to offer the Units on a commercially reasonable efforts basis. The Agent will receive a commission equal to 10% of the gross proceeds received by the Company from the sale of the Units. The Agent will also receive that number of Warrants ("Agent's Warrant") equal in number to 20% of the aggregate number of Units sold. Each Agent's Warrant will entitle the Agent to purchase one non-flow-through common share (an "Agent's Warrant Share") for a period of 24 months following the Closing at a price of $0.25 per Agent's Warrant Share. The Agent will also receive a cash administration fee and a corporate finance fee payable in common shares of the Company. The cash commission, expenses and administration fee will be paid from the proceeds of the Non-FT Units. The Company intends to use the proceeds from the offering for the following purposes:

(a) to pay accounts payable;
(b) to carry out a proposed exploration work program on certain of the Company's diamond exploration claims in Quebec; and
(c) for general working capital.
The offering is subject to a number of conditions including the execution of formal documentation and receipt of applicable regulatory approvals.

On behalf of:
Bard Ventures Ltd.

"Eugene Beukman"

Eugene Beukman