May 7, 2003______________________________________
2003 EXPLORATION PROGRAM - NECHAKO GOLD PROJECT
Bard Ventures Ltd. (the "Company") is pleased to announce that the 2003 exploration program on its Nechako, BC epithermal gold prospects has commenced. The initial phase of work will include grid preparation and line cutting to facilitate geophysical surveys on the Clisbako and Laidman properties. The Company will also complete a prospecting and sampling program to further define known zones of gold mineralization and identify new targets. Induced polarization (IP) and magnetic geophysical surveys are planned for June 2003.
The Clisbako property was a focus of exploration in the early 1990's by 88 Resources, Minnova Resources and Phelps Dodge of Canada. The discovery of significant gold mineralization as a result of these programs prompted increased exploration of epithermal gold systems within the Nechako Plateau region of central BC. Numerous discoveries were made during this period including the Wolf, Trout and Cutoff, the Tsacha-Tommy-Ted (the "3T's" currently being explored by Southern Rio Resources Ltd.), and the Laidman, Holy Cross and Clisbako now being explored by the Company.
The Clisbako prospect is a premier high level, low sulphidation epithermal gold system within Tertiary age rhyolite volcanics. Two grids will be established on the Clisbako property. The Discovery grid will test a broad area of alteration and mineralization where previous operators identified several rock samples that contained anomalous gold concentrations to a high of 9.72 grams per tonne (g/t) gold. The Brooks grid, located 1500 metres to the southwest is designed to test an area of significant mineralization identified in float samples with a high concentration of 1.1 g/t gold. Neither of these zones has been adequately explored or drill tested.
The Laidman property hosts an epithermal vein style gold system that was discovered in 1994. The prospect has similarities to the 3T's prospect of Southern Rio, which is located approximately 20 kilometres to the southwest. Prospecting identified mineralized outcrops over a 115 hectare area that returned up to 19.6 g/t gold. Subsequent exploration resulted in a large, 1200 metre long soil geochemical anomaly containing up to 5.64 g/t gold. Several rock samples collected from the area returned anomalous gold values from 1.4 to 24.3 g/t gold. A 20 line kilometre grid will be established over the Discovery, 110 and West Trench for the geophysical surveys scheduled for June, 2003.
The 2003 exploration program is designed and will be supervised by Geoffrey Goodall, P.Geo of Global Geological Services Inc.
On behalf of:
Bard Ventures Ltd.