BO L D s K o pe r L ak e I n t er est Op t i o ned t o K W G 22 On F eb rua ry 4 20 13 BOLD op tion ed its Kop er La ke in tere st to KWG Re sou rces Inc BOLD acts as the O pe rato r of the ini tial ex pl ora tion pro gra m w he re 10 0 of t he op tion pa y men ts an d e x pl ora tion ex pe nd iture s w il l be fun de d by KWG Bo ld ha s no w ea rne d its 50 in tere st in t he Kop er La ke p roj ect KWG is Ope rato r Du nd ee Su bco ha s rig ht t o p artici pa te up t o 1 3 in Bold s Ri ng of Fire Intere sts T e rms o f the Ag re e me n t Chromi te KW G has earned a 4 0 i nterest i n Ko per Lak e c hromi te BOLD and i ts Co V enturer a s ubs i di ary of Dundee retain a 10 carried i nterest i n the Kope r Lak e c hromi te Nic k el and No n Chr omi te KW G has earned a 10 partic i pati ng i nterest i n all other metal s at the Kope r Lak e Proj ec t BOLD and i ts Co V enturer a s ubs i di ary of Dundee retain a 40 partic i pati ng i nterest i n all other metal s at the Kope r Lak e Proj ec t KW G w i l l have a right of fi rst re fusal to pur c hase al l or es or c oncentrates produc ed by the j oi nt v enture w henev er i ts i nterest ex c eeds 50