Bard Ventures Ltd.: Lone Pine Molybdenum 43-101 Resource Estimate Completed

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 13, 2009 -- Bard Ventures Ltd. ("Bard" or the "Company") (CDNX:CBS.V - News) is pleased to provide the first independent National Instrument 43-101 compliant resource estimate on the Alaskite Zone molybdenum mineralization from the Lone Pine Property (the "Property") located in the Omineca Mining Division approximately 15 kilometres north-northwest of Houston, B.C. The resource estimate was completed by GeoSim Services Inc.

 

Lone Pine measured and indicated mineral resource summary:

----------------------------------------   -------------------------------
                     MEASURED                         INDICATED
----------------------------------------   -------------------------------
           Tonnes                            Tonnes
          greater                           greater
          than or                           than or
         equal to            in-situ lbs   equal to            in-situ lbs
Cutoff %   Cutoff                     Mo     Cutoff                     Mo
Mo         (000's)      Mo %      (000's)    (000's)      Mo %      (000's)
----------------------------------------   -------------------------------
0.02       43,767      0.078      75,262    107,769      0.066     156,809
----------------------------------------   -------------------------------
0.03       40,450      0.082      73,125     99,967      0.069     152,069
----------------------------------------   -------------------------------
0.04       33,356      0.092      67,654     76,984      0.079     134,079
----------------------------------------   -------------------------------
0.05       26,676      0.104      61,163     58,193      0.090     115,464
----------------------------------------   -------------------------------
0.06       22,486      0.113      56,018     43,968      0.102      98,871
----------------------------------------   -------------------------------
0.07       19,625      0.120      51,919     35,077      0.111      85,839
----------------------------------------   -------------------------------
0.08       17,699      0.125      48,775     29,884      0.117      77,084
----------------------------------------   -------------------------------
0.09       15,853      0.130      45,435     25,703      0.123      69,698
----------------------------------------   -------------------------------
0.10       13,922      0.135      41,435     21,053      0.129      59,875
----------------------------------------   -------------------------------

----------------------------------------
               MEASURED + INDICATED
----------------------------------------
           Tonnes
          greater
          than or
         equal to            in-situ lbs
Cutoff %   Cutoff                     Mo
Mo         (000's)      Mo %      (000's)
----------------------------------------
0.02      151,536      0.069     232,071
----------------------------------------
0.03      140,417      0.073     225,193
----------------------------------------
0.04      110,340      0.083     201,733
----------------------------------------
0.05       84,869      0.094     176,628
----------------------------------------
0.06       66,454      0.106     154,890
----------------------------------------
0.07       54,702      0.114     137,758
----------------------------------------
0.08       47,583      0.120     125,858
----------------------------------------
0.09       41,556      0.126     115,132
----------------------------------------
0.10       34,975      0.131     101,310
----------------------------------------


Lone Pine inferred mineral resource summary:

----------------------------------------
                     INFERRED
----------------------------------------
           Tonnes
          greater
          than or
         equal to            in-situ lbs
Cutoff %   Cutoff                     Mo
Mo         (000's)      Mo %      (000's)
----------------------------------------
0.02       27,827      0.084      51,532
----------------------------------------
0.03       27,555      0.085      51,636
----------------------------------------
0.04       25,840      0.088      50,131
----------------------------------------
0.05       22,839      0.094      47,331
----------------------------------------
0.06       18,295      0.104      41,947
----------------------------------------
0.07       15,238      0.111      37,290
----------------------------------------
0.08       13,092      0.117      33,769
----------------------------------------
0.09       11,800      0.121      31,477
----------------------------------------
0.10       10,186      0.125      28,070
----------------------------------------
Notes:
- The mineral resources were estimated in December 2008 using ordinary
  kriging constrained by grade domain and lithologic solid models. Only
  molybdenum grades were estimated.
- Assay grade distribution was evaluated statistically before compositing.
  No cutting or capping of molybdenum grades was deemed necessary.
- Density measurements were made on 83 core samples and density was
  assigned based upon the median value for each lithologic domain.
- 'Best Fit' 10 m downhole composites were generated within a grade shell
  domain based on 0.02% Mo cutoff grade.
- Semi-variograms were modeled in order to develop kriging parameters,
  search parameters and anisotropy. The block model size was set at
  20 m x 20 m x 10 m. Block grades were estimated using three interpolation
  passes with increasing search distance.
- The model was validated by comparing to nearest neighbour estimated and
  composite grade distributions, swath plots and visual inspection of
  sections and plans. Resources were classified as measured, indicated or
  inferred based upon a number of constraints including, zone, drilling
  density and distance to nearest composite.
- A preliminary optimized open pit was generated in order to assess the
  potentially mineable portion of the resource. Blocks located beyond the
  pit limits were excluded from the resource classification.
- Resources are summarized in the tables below for a range of cutoff
  grades. The cutoff grade selection in operating molybdenum mines is
  sensitive to a large range of economic factors and can be impacted by
  processing and mining method selection and scale. Cutoff grades are not
  static during a typical mine life and hence a resource estimate that
  provides a summary over a range of cutoff grades is useful in assessing
  potential development options.

QA/QC Procedures and Methodology

The resource estimation has been prepared by GeoSim Resources Inc., under the direction of Ronald G. Simpson, P.Geo., an independent Qualified Person for the purpose of NI 43-101. A report under NI 43-101 disclosing these updated Lone Pine resources is being prepared by GeoSim Services Inc. and will be filed by Bard Ventures Ltd. on SEDAR within 45 days. Mr. Simpson has reviewed and approved the contents of this news release.

There are no known drilling, sampling, recovery, or other factors that could materially affect the accuracy or reliability of the data used to prepare the mineral resource included in this news release. Bard is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing, or any other relevant issues by which the mineral resource included in this news release may be materially affected.

The drill core, placed in wooden boxes, was logged, photographed, and split using a hydraulic core splitter at the Company's core logging facility in Smithers. In general, samples of halved core were taken every 2 meters. Litho-breaks, especially dykes, eventually forced an uneven sample proportion. Samples were bagged in plastic bags including the sample interval tags and sample number. Every 20th sample, either a blank or a standard material was put in a bag with a tag and sample number. From BD-08-33 on a second standard was used, so the sequence every 20th sample was Blank-standard01-standard02-Blank for quality control purposes.

Samples from BD-07-01 to BD-07-20 were shipped by Canadian Freightways in Smithers to Acme Analytical Laboratories in Vancouver, B.C. for analysis. Samples from BD-07-21 to BD-08-32 were shipped by Canadian Freightways in Smithers to Eco Tech Laboratory of Kamloops, B.C. for analysis. Samples from BD-08-33 on were shipped to Acme Analytical Laboratories in Smithers, B.C. for preparation. Acme Smithers send the split sample to their facility in Vancouver, B.C. for analysis. Both Eco Tech Laboratory of Kamloops and Acme Analytical of Vancouver, B.C. are ISO 9001:2000 accredited laboratories.

The drill core was prepared for assaying using Acme's R150 prep method, and assaying was then completed for 35 element including Mo, Cu, Pb, Zn and Ag utilizing their 1E ICP-ES package. The R150 prep package consists of crushing 1kg of sample to 70% passing 10 mesh, then 250g of this material is split and pulverized to 95% passing 150 mesh. A 0.25g split of this material is then heated in HNO3-HCIO4-HF to fuming and taken to dryness. The residue is dissolved in HCL, and then the solution is analyzed by ICP. Mo assays exceeding 4,000ppm were re-assayed using Group 7TD Single Element (Mo) Assay by ICP-ES and 4-Acid Digestion. Eco Tech uses the similar procedure except the threshold for Mo re-assay was 500ppm. The split drill core is currently stored in a yard at the core logging facilities in Smithers. The stacks of cores are covered by a tin roof. The storage yard is fenced in and locked. The pulp samples are stored in an insulated shed.

The Company is very pleased with the resource of the Alaskite Zone. "This is only one of several known mineralized areas on the Lone Pine Property," stated Eugene Beukman, President. "This resource, as well as the recently reported positive metallurgical results (see news release dated January 9, 2009), adds critical components to the economics of the Lone Pine mineralization. We are extremely excited with the excellent results to date, and look forward to an aggressive exploration year ahead." The information from the resource calculations and the Company's database will help guide future exploration on the Lone Pine Property.

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, B.C.

A plan of the drill holes in the Alaskite Zone may be viewed on the Company's website at www.bardventures.com.

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.

On behalf of:

Bard Ventures Ltd.

Eugene Beukman, President

For further information please visit our website at www.bardventures.com.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

For all Bard Ventures Ltd. investor relations needs investors are asked to visit the Bard Ventures Ltd. IR Hub at http://www.agoracom.com/IR/bardventures where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to cbs@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of content of this press release.

     Contacts:
     Bard Ventures Ltd.
     Eugene Beukman
     President
     (604) 687-2038
     (604) 687-3141 (FAX)
     Website: http://www.bardventures.com