Northern Superior Resources Inc.

Published : February 28th, 2014

Bold Ventures Signs Letter of Intent with Northern Superior To Option The Lac Surprise Project in No

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Keywords :   Diamond | Dollar | Gold | Gold Discovery | Market |
Toronto, Ontario February 27, 2014 � Bold Ventures Inc. (BOL:TSX.V) (the �Company� or �Bold�) and Northern Superior Resources Inc. (SUP:TSX.V)  (Northern Superior) are pleased to announce the signing of a Letter of Intent whereby Bold will have the option to earn up to a 60% interest in Northern Superior�s  100% owned Lac Surprise property.

This large property is located approximately 50 Km south of Chapais and within the historic Chibougamau � Chapais gold camp in west central Quebec and is comprised of 365 claims totaling 20,352 hectares or 50,269 acres.

Bold can earn a 50% working interest in the property by spending an aggregate of $2,000,000 of exploration work on the property and paying to Northern Superior a total of 350,000 common shares of Bold all over a three year period. 50,000 common shares are due on signing. The first year optional commitment is $500,000 in exploration expenditures and 50,000 common shares of Bold. The second year optional commitment is 100,000 common shares of Bold and $500,000 in exploration work. The third year optional commitment calls for $1,000,000 in exploration work on the property and a payment of 150,000 common shares of Bold.

Bold will also hold the option to earn an additional 10% in the project by delivering a positive feasibility study within five years from the date of execution of the formal option agreement. If Bold takes up all parts of the option it will have earned a 60% interest in the property.

Recently, renewed exploration activity in the area has yielded several new gold discoveries made by Toma Gold/Iamgold (at Monster Lake); Vanstar (at Nelligan) and Soquem (at MOP II). All three of these companies have announced plans for major, multimillion dollar drilling programs.

Dr. T. F Morris President and CEO of Northern Superior was quoted in a January  27, 2014 Marketwired news release that; �The potential value of the Company�s Lac Surprise gold property has only been exemplified by the recent discoveries and exploration activity directly to the east of the Lac Surprise property. Four of the six gold exploration targets are clearly defined by anomalous and robust overburden gold grain and geochemical-in-till anomalies extending down-ice from the Opawica-Guercheville Deformation Zone (OGDZ) representing high priority targets areas. There is excellent potential for the definition of additional targets along the OGDZ structure which extends 11 km across the Lac Surprise property and is largely unexplored.�

The OGDZ is associated with several gold occurrences such as Philbert, Meston Lake and Fenton as well as the past producing Joe Mann mine, the Lac Shortt mine and the producing Bachelor Lake mine.

Vanstar Mining Resources Inc. has recently announced the results of three   Diamond drill holes from its flagship Nelligan project (see Vanstar Resources Inc. news release dated December 18, 2013 at www.vanstarmining.com). This new gold discovery is situated directly east of the Lac Surprise property.  

Recent work by Northern Superior has identified a number of high priority, drill ready, gold targets that have been identified by till sampling, geochemical programs as well as airborne and ground geophysical surveys (maps and technical descriptions may be viewed now at www.nsuperior.com).

This option agreement is subject to regulatory approval and a thirty day due diligence period. Upon execution of the formal option agreement a finder�s fee will be paid to an arm�s length, third party.

Bold Ventures Inc. President and CEO Richard Nemis states: �I believe that this area will increasingly become the focus of intense exploration as a re-emerging gold camp. We are happy to team up with Northern Superior and Tom Morris on such a worthwhile and exciting project�.

New maps and descriptions describing this project will be posted on our website at www.boldventuresinc.com in the coming days.

For more information, please visit www.boldventuresinc.com or contact Bold Ventures Inc. at 416-864-1456.

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Quebec. For further information contact: Thomas F. Morris PGeo., PhD., FGAC, ICD.D, President and CEO, Tel: (705) 525 -0992, Fax: (705) 525 -7701, e-mail: info@nsuperior.com www.nsuperior.com

�Richard E. Nemis�
Richard E. Nemis,
President and Chief Executive Officer

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words �may�, �would�, �could�, �will�, �intend�, �plan�, �anticipate�, �believe�, �estimate�, �expect� and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.
.

Northern Superior Resources Inc.

EXPLORATION STAGE
CODE : SUP.V
ISIN : CA6658041000
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Northern Superior Resources is a gold exploration company based in Canada.

Northern Superior Resources holds various exploration projects in Canada.

Its main exploration properties are BACHELOR LAKE, WACHIGABAU, THORNE LAKE, NORTH THELON URANIUM JV, VILLE MARIE DIAMOND, TI-PA-HAA-KAA-NING (TPK) and LESPERANCE in Canada.

Northern Superior Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 207.0 millions as of today (US$ 151.6 millions, € 141.6 millions).

Its stock quote reached its highest recent level on September 19, 1997 at CA$ 9.60, and its lowest recent point on February 12, 2016 at CA$ 0.01.

Northern Superior Resources has 318 489 984 shares outstanding.

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Annual reports of Northern Superior Resources Inc.
2008 Annual report
Nominations of Northern Superior Resources Inc.
7/2/2013John Pollesel Joins Northern Superior’s Board of Directors
11/12/2012Fred Lecoq Joins Northern Superior's Board of Directors
Project news of Northern Superior Resources Inc.
1/21/2016Northern Superior expands its understanding and definition o...
2/28/2014Bold Ventures Signs Letter of Intent with Northern Superior ...
2/26/2014Reports New Gold-Bearing Shear Zones And Showings, Grizzly G...
11/12/2013Exploration Update Croteau Est West-Central Quebec
5/27/2013Agrees to Acquire Waconichi Gold Property, Chibougamau Gold ...
11/8/2012Intersects 25.8 g/t Gold Over 1.85m and Expands Croteau Est ...
9/12/2012Intersects High Grade Gold Zones and Expands Croteau Est Gol...
3/1/2012Reports Results from Gold-bearing Shear Zones, (Including 12...
1/11/2012Intersects Mineralized Porphyry System, (0.83 g/t Gold; 3.07...
10/12/2011N. Superior reports high grade gold, Croteau Prop.
9/21/2011N.Superior reports gold, Croteau Est Gold Property
4/14/2011(Ti-pa-haa-kaa-ning (tpk))Rainy River and Northern Superior Announce Initial Assays an...
2/4/2011(Ti-pa-haa-kaa-ning (tpk))and Northern Superior Announce Final Phase 1 Results and Com...
9/29/2010(Ti-pa-haa-kaa-ning (tpk))signs formal Option Agreement with Rainy River Resources
11/12/2009(Wachigabau)Additional Historical Gold Assay Results
10/29/2009(Thorne Lake)Intersects Gold-Bearing Shear Zones
9/16/2009(Ti-pa-haa-kaa-ning (tpk))Initiates Magnetic Gradiometer Survey
8/25/2009(Thorne Lake)Four Gold Showings Discovered on Thorne Lake Property, North...
7/8/2009(Thorne Lake)Explores for Source of Gold Grain-In-Till Dispersal Trains, ...
6/22/2009(Wachigabau)Initiates Wachigabau Exploration Program
Corporate news of Northern Superior Resources Inc.
8/2/2016Arthur Murdy Joins Northern Superior’s Board of Directors - ...
7/11/2016Bold Ventures and Northern Superior Announce Amber Drilling ...
6/23/2016Northern Superior Appeals Judgment Regarding its Action Agai...
5/25/2016Northern Superior Receives Litigation Judgement - 05/25/2016
5/3/2016Bold Ventures Mobilizes Drill to Amber Zone Gold Showing at ...
1/21/2016Northern Superior Expands its Understanding and Definition o...
1/14/2016Croteau-Est Gold Property Inferred Mineral Resource Estimate...
12/22/2015Northern Superior Resources Inc. Informed of Chalice Gold Mi...
12/22/2015Chalice’s Termination Announcement & NSR’s Response - 12/22/...
12/22/2015Chalice Gold Mines - Croteau Est Joint Venture Update
11/2/2015Grizzly Termination - 11/02/2015
11/2/2015Northern Superior Resources Announces Grizzly Property Optio...
10/7/2015Grizzly Gold Property Exploration Update - 10/07/2015
10/7/2015Northern Superior Reports Additional New Showing, Grizzly Pr...
10/5/2015Bold Ventures Completes Summer 2015 Gold Exploration Program...
10/5/2015Northern Superior's Plan to Keep Stakeholders Informed About...
9/29/2015Northern Superior Initiates Final Preparations for Trial Aga...
9/8/2015Litigation Update - 09/08/2015
9/8/2015Northern Superior Initiates Final Preparations for Trial Aga...
7/22/2015Northern Superior Initiates Next Generation Exploration Prog...
7/22/2015Northern Superior Initiates Next Generation Exploration Prog...
7/20/2015Chalice Gold Mines - June 2015 Quarterly Report and Cashflow...
4/23/2015Northern Superior Provides an Update on Its Litigation Again...
4/21/2015Chalice expands North American presence with farm-in deal on...
4/21/2015Northern Superior Resources Inc. and Chalice Gold Mines Limi...
3/13/2015s Board Committees and Management Responsibilities
3/13/2015Northern Superior Resources Inc. Updates Board Committees an...
2/17/2015Bold Ventures Continues to Advance Lac Surprise Gold Potenti...
1/29/2014responds to Government of Ontario’s Statement of Defence
1/27/2014Lac Surprise Gold Property: An Excellent Opportunity In The ...
11/18/2013elaborates on legal action against the Government of Ontario...
10/25/2013commences legal action against the Government of Ontario
9/23/2013Recognized for Its Commitment to Progressive Aboriginal Rela...
7/16/2013Signs Option to Acquire 100% Interest in the Grizzly Gold Pr...
6/11/2013Signs Pre-Development Agreement with the Grand Council of th...
2/12/2013Initiates 2013 Drill Programs, Croteau Est/ Waconichi Gold P...
1/16/2013Continues to Intersect High Grade Gold Zones, Further Expand...
1/16/2013Continues to Intersect High Grade Gold Zones, Further Expand...
1/9/2013Ti-paa-haa-ka-ning, New Growth, New Growth Annex; A Renewed ...
12/10/2012Stock Options Issued
10/3/2012New Corporate Office
6/25/2012Drilling Discovers Gold Mineralization, New Growth Annex wit...
6/11/2012DRILLING EXPANDS CROTEAU EST GOLD DISCOVERY WITH GRADES UP T...
6/7/2012signs Option Agreement to acquire a 70% interest in Murgor R...
1/23/2012Intersects 32.6g/t Gold over 1.0 m, Rapson Bay Gold Property...
1/18/2012Rainy River Resources And Northern Superior Resources Announ...
1/11/2012Subject
12/19/2011Intersects Gold-Bearing Rock, Croteau Est Gold Property, Chi...
10/25/2011N. Superior Recovers Gold-Bearing Boulder
9/7/2011at The World Money Show, Toronto
5/9/2011at New York Hard Asset Conf.
2/20/2011N.Superior Ramps-Up Logistics for 2011 Expl. Prog.
2/20/2011Makes the “2011 TSX Venture 50”
2/4/2011Rainy River and Northern Superior Announce Final Phase 1 Res...
2/1/2011Increases Interest in Northern Superior Resources Inc.
1/31/2011Lake Shore Gold Increases Interest in Northern Superior Reso...
4/23/2010At Chicago Resource Expo.
4/6/2010Northwestern Ontario Prospectors Assoc. Meeting
3/5/2010Attends PDAC
1/15/2010Presenting at the Cambridge House Show, Vancouver
10/27/2009Defines Additional Gold Exploration Targets
6/19/2009adoption of Shareholders Rights Plan.
5/28/2009Signs Option Agreement with INV
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