Bard Ventures Ltd. (”Bard” or the “Company“) is pleased to announce the following rhenium results from its Lone Pine Molybdenum Property (the “Property“). The Property is located approximately 15 kilometers north-northwest of Houston, BC, and is situated in the Omineca Mining Division. Rhenium assay results have been received and interpreted from drill holes BD-08-25 and BD-08-35.

The exploration drilling on the Lone Pine Property resulted in the discovery of a higher grade zone of molybdenum mineralization within the Alaskite Zone. As drill holes BD-08-25 and BD-08-35 represented the best molybdenum assay results within the higher grade core, rhenium analysis was conducted over the entire drill length of both drill holes. Rhenium is recovered as an economic by-product at some molybdenum porphyry mines. The following significant assay intervals for drill holes BD-08-25 and BD-08-35 are tabulated below:

Rhenium

Rhenium is used as an important component in superalloys for blades in turbine engines and this is the major use today. Rhenium is an ideal metal for use at very high temperatures, which makes it suitable for rocket motors. Rhenium is added to tungsten and molybdenum to form alloys that are used as filaments for ovens and lamps. It is also used in thermocouples which can measure temperatures above 2000 C, and for electrical contacts which stand up well to electric arcs. Rhenium is used in high-temperature superalloys that are used to make jet engine parts and in platinum-rhenium catalysts which in turn are primarily used in making lead-free, high-octane gasoline.

Exploration Goals

Bard is exploring for porphyry type molybdenum mineralization in Cretaceous-aged Bulkley intrusive rocks (Alaskite) and adjacent hornfelsed sedimentary (Argillite) and volcanic rocks (Andesite) of the Telkwa Formation.

Ideal location with established infrastructure

The Property has access to an existing infrastructure including:

• Highway 16;
• a natural gas pipeline;
• a major hydro power transmission line and transformer sub-station;
• And is located only 15 kilometers from the CN rail line in Houston, BC.

Please refer to the Company’s website at www.bardventures.com for drill hole locations and additional information.

Bard is earning a 100% interest in the Property under the terms of an option agreement (see News Release dated September 15, 2006). The Lone Pine exploration work is being conducted under the supervision of Qualified Person Jim Miller-Tait, P. Geo., a Director of Bard.

Pulp samples from BD-08-25 and BD-08-35 were analyzed by Acme Analytical Laboratories in Vancouver utilizing the Group 1F methodology. Analytical procedure consisted of an Aqua Regia digestion and Ultratrace ICP-MS analysis.