Dear shareholder,

Thank you for your inquiry. Bard Ventures is still busy with the exploration program as per our news release of 20TH July 2009.

The 2009 exploration program will initially focus on geological mapping, soil geochemical survey, prospecting and additional detailed geophysical surveys that will evaluate the new target areas to define specific targets for diamond drilling.An initial orientation soil sampling survey has been completed over the known molybdenum mineralization to identify the geochemical signature of the Alaskite Zone.There were two soil samples collected at each site, one conventional and one Mobile Metal Ion (MMI), to test which sampling and analytical method is optimum.The main focus will be in the area proximal to the delineated resource which is located on the west side of a non-mineralized Quartz Feldspar Porphyry.The initial program will focus on the south, east, and north sides of this porphyry where the geological environment is favorable for additional molybdenum mineralization at or near surface.If successful, this will result in an expansion of the current resource and the delineation of near surface mineralization that could serve as the source of initial development within the Lone Pine Property.

We will interpret these results to help us plan further drilling on the property.

Regards,

AGORACOM Investor Relations