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May 6, 2002______________________________________


Eugene Beukman, President of Bard Ventures Ltd. ("Bard") is pleased to announce that it has been granted approval from the TSX Venture Exchange, to acquire a 70% interest in a 100,000 acre property in the Coronation Gulf Diamond district of Nunavut, known as the "Asiak Lake Property".

Consideration consists of $87,000 and up to 400,000 shares payable as to 100,000 shares upon Exchange approval, 100,000 shares on or before September 1, 2002, 100,000 shares on or before March 1, 2003 and 100,000 shares on or before March 1, 2004. The Company must incur exploration expenditures of $1,000,000 over the next four years. Upon completion of this $1,000,000 in exploration expenditures, an additional 10% interest can be earned after a further $2,000,000 in exploration expenditures. The claims are subject to a 2% net smelter royalty on base and precious metal production and a 2% gross over-riding royalty on diamond production.

Numerous diamond bearing kimberlites have recently been discovered in this region, the most prominent of which are the Artemisia, Potentilla and Anuri. This large property provides Bard the opportunity to participate in diamond exploration in this highly prospective district. The Asiak Lake property is located 30 kilometres southeast of Kugluktuk (Coppermine) and approximately 60 kilometres west of the recently discovered Artemisia kimberlite.

Several prominent structural features, evident from airborne magnetic surveys and Landsat imagery, are located throughout the Asiak Lake property. The property is underlain by Archean to paleoProterozoic age sediments of the Asiak Thrust Belt. It is this rock package that hosts the large cluster of diamond bearing kimberlites discovered to date in the Coronation Gulf diamond district. Bard Ventures intends to aggressively explore the Asiak River property to fully assess the diamond bearing kimberlite potential of the area.

On behalf of:
Bard Ventures Ltd.
(signed) "Eugene Beukman"

Eugene Beukman