Originally Posted by
Nick Bain
Drill into the head with appropriate sized bit which leaves enough material surrounding the head for the revrse bit to grab, Use appropiate sized reverse drill which matches the hole you just drilled, stick it in and turn it to the left with a tap or drill.
I recommend drilling the head with a drill bit equal to the minor diameter of the threads and a 3/16' drill bit does this for an M5 bolt. You drill just deep enough that the head pops off. That way you don't damage the cleat or the shoe and the remaining threaded stub can be removed with a pair of pliers or a Vise Grip. A "reverse bit" or Eze-Out doesn't have much depth to work with in something as small as a cleat bolt.