THUNDER BAY – Bold Ventures Inc. (TSX.V:BOL)(“Bold”) or (“the Company”) and Marten Falls First Nation (“Marten Falls”) or (“the First Nation”) are pleased to announce the signing of a Memorandum of Understanding (“MOU”) that outlines the values that both the First Nation and the Company will uphold in their relationship. This agreement provides the frame of reference and guidance for both the Company and the First Nation regarding exploration and development work within the Marten Falls First Nation traditional lands.
The MOU provides for benefits to the First Nation in the area of jobs and economic development while providing for responsible environmental stewardship. Chief Bruce Achneepineskum states that “This MOU demonstrates that a responsible and healthy relationship can be developed in the mineral exploration sector.
Bold Ventures management team and the Marten Falls First Nation have had a respectful and trustworthy association since the early days of the “Ring of Fire” discoveries.
We are hoping that Bold’s success, as a company exploring on our traditional lands, will be our success. Marten Falls will continue to develop additional agreements with Bold to build on this agreement.”
Richard Nemis states that “our partnership with Marten Falls has been a valuable one in supporting our activities in the past. It’s gratifying to realize that our group has had a mutually beneficial relationship with Marten Falls First Nation for over a decade. We look forward to the future with a very positive view.”