Here is info from an old post at Jouster.com
This is not my post so take it as it is-I feel that anything helps rather than the risk of chasing parts or breaking parts if you don't know what you're doing first time around.
If any of you folks have been wondering about an easy way to take apart the bolt of your new CMP H&R M12, I might be able to help. I wanted to get my bolt apart to clean it out good, and to repair a couple stuck extractors.
First of all, to remove the bolt: 1) Lift the bolt handle. 2) Take the safety off. 3) Pull & hold the trigger with one hand, then push forward on the bolt release lever (left side of receiver in front of the rear sight base). 4) With the bolt release lever held all the way forward, release the trigger & slide the bolt out of the receiver.
The extractors can be removed by pushing them out far enough to get a small needle-type tool under them. Further prying on the extractors, along with a small push with a screwdriver from the firing pin side, should be enough to pop them out. Watch out for a flying extractor plunger.
Now, with the bolt in the cocked position (as it came out of the rifle), hold the main bolt body and slightly turn the bolt handle so that the cocking piece (end of the bolt) moves slightly out of the notch in it was resting in. A gunsmith screwdriver, or small, flat, piece of brass (around .280" x .060" works great) can be put in the notch the cocking piece occupied and cammed to lift the cocking piece off the bolt handle. The cocking piece has to be lifted enough so that a .080"-.090" pin can be dropped into the hole midway up the bottom of the bolt. That will hold the firing pin in place and the flat brass (or screwdriver) can be removed. An alternate method is to hold the upper rear bolt lug against the corner of a workbench so that the cocking piece is free to move, and push on the sear surface of the firing pin (do yourself a favor, use something soft like brass - be forewarned!! and no, I didn't bugger my bolt).
With the pin in the hole in the bolt, the cocking piece pin can be seen and driven out. The cocking piece, bolt handle, and headspace washers (should be obvious to all - don't loose any of these washers) can be removed from the bolt.
With the bolt removed, the firing pin spring retaining pin can be seen. A special tool, .210" in diameter, around 1" long with a .100" wide slot, .100" deep will make the rest of the bolt take-down and re-assembly much easier. Slide the tool into the back of the bolt and turn it until it straddles the spring retaining pin. Pushing in on the tool will relieve the pressure on the pin and it will be easy to drive out. The pin can be driven out without the tool, but it will be much easier with it and you won't have to wrestle with removing a pin punch. Re-assembly is much easier with the tool. Also, a C-clamp or vise used to compress the tool into the bolt makes things a cinch but use some brass on the front of the bolt to avoid nicking or damaging it.
Re-assembly is in the reverse order. The only tricky part is lining up the slot on the special tool with the hole for the firing pin spring retaining pin.