BPV Bridgeport Ventures Inc. (Tier2)

Bridgeport Ventures Inc. (TSX VENTURE:BPV) ("Bridgeport") is pleased to announce
that it has completed an initial public offering (the "Offering") pursuant to
which it has issued an aggregate of 6,000,000 units ("Units") at a price of
$0.20 per Unit to raise aggregate gross proceeds of $1,200,000, all pursuant to
a final prospectus dated September 25, 2009. Each such Unit consists of one
common share of Bridgeport and one share purchase warrant (a "Warrant"), each
such Warrant entitling the holder thereof to acquire one additional common share
of Bridgeport at an exercise price of $0.50 until October 7, 2014. Toll Cross
Securities Inc. (the "Agent") acted as agent in the Offering, in connection with
which it received an aggregate of 420,000 compensation warrants, each such
compensation warrant entitling the Agent to acquire one Unit at an exercise
price of $0.20 per Unit until April 7, 2011. The Agent elected to receive an
aggregate of 180,000 Units in satisfaction of $36,000 of commission to which it
was entitled in connection with the Offering, with the balance of $48,000 of
such commission payable in cash. Following the completion of the Offering,
Bridgeport has 14,225,000 common shares issued and outstanding. Trading of the
common shares and Warrants of Bridgeport on the TSX Venture Exchange is
anticipated to commence at the opening of business on Friday, October 9, 2009.
The common shares of Bridgeport will trade under the symbol "BPV", and the
Warrants will trade under the symbol "BPV.WT".


Bridgeport is a mineral exploration company focused on the acquisition,
exploration and development of properties for the mining of nickel and other
minerals. Bridgeport currently holds a 100% interest, subject to a net smelter
return royalty ranging between 1% and 2%, in the property known as the McCart
Property comprised of five mineral claims covering an area of approximately 534
hectares located near Timmins, Ontario.

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