BPV Bridgeport Ventures Inc. (Tier2)

Bridgeport Ventures Inc. (TSX VENTURE:BPV) ("Bridgeport") is pleased to announce
that it has concluded an agreement to acquire a 100 per cent interest in the
Simonetta property through its Chilean subsidiary Rio Condor, S. A.


The 71 hectare property is located in Region III of Chile, near the mining
centre of Copiapo. It is adjacent and to the east of Bridgeport's Rosario,
Tamara and Soesmi properties and is located in a similar geological environment.
Copper oxide ores have been mined from numerous pits on the Simonetta property.


Hugh Snyder, Chairman of Bridgeport stated, "Mineralization on the Simonetta
property confirms the eastward extension of copper mineralization from Rosario
for at least 600 metres and represents an important step towards consolidating
the company's land position around the Rosario structure."


Under the terms of the agreement with the property owners, Bridgeport will pay
US $1 million over four years to acquire a 100 per cent interest in the
Simonetta property of which US $30,000 was paid on closing. This acquisition is
royalty free.


Exploration on the Simonetta property will commence later this month, as part of
the exploration program that the company undertook last month on its Rosario,
Tamara and Soesmi projects. A drill rig has been contracted to commence drilling
in early March and construction of drill pads has commenced.


About Bridgeport Ventures

Bridgeport Ventures (TSX VENTURE:BPV) is a Canadian mineral exploration company
with operations in Latin America. Its strong technical team with local
experience has a solid record of discovery and a proven history of mining
success. Additional information on Bridgeport Ventures can be found at:
www.bridgeportventures.net.


Potential quantity and grade are conceptual in nature. To date, there has been
insufficient exploration drilling to define a mineral resource on the property
referenced above, and it is uncertain if further exploration drilling will
result in a mineral resource being defined in this area.


Certain information set forth in this new release may contain forward-looking
statements that involve substantial known and unknown risks and uncertainties.
There forward-looking statement are subject to numerous risks and uncertainties,
certain of which are beyond the control of Bridgeport, including, but not
limited to, the impact of general economic conditions, industry conditions,
volatility of commodity prices, risks associated with the uncertainty of
exploration results and estimates, currency fluctuations, depending upon
regulatory approvals, the uncertainty of obtaining additional financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.

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