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   Gold/Mining/EnergyBGM


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From: IngotWeTrust3/2/2016 1:36:15 AM
   of 127
 
Got an anemic Seeking Alpha bullcrap endorsement of this dead horse in last few days in email box.
Hasn't anyone shot the cow on the mountain yet? Crime-in-italy!!!

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From: howestreetbull4/4/2016 9:06:55 AM
1 Recommendation   of 127
 
Barkerville Gold Mines Ltd.

TSX VENTURE : BGM



April 04, 2016 07:30 ET

Barkerville Announces $13.5 Million Bought Deal Private Placement Financing

TORONTO, ONTARIO--(Marketwired - April 4, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Barkerville Gold Mines Ltd. (TSX VENTURE:BGM) ("Barkerville" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc., as lead underwriter on behalf of a syndicate of underwriters (collectively, the "Underwriters"), under which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 19,290,000 flow-through shares of the Company (the "Flow-Through Shares") at a price of $0.70 per Flow-Through Share (the "Issue Price") for total gross proceeds of $13,503,000 (the "Offering"). The Underwriters have been granted the option (the "Over-Allotment Option") to purchase up to an additional 15% of the number of Flow-Through Shares issuable under the Offering, exercisable in whole or in part at any time up to 48 hours prior to the closing of Offering.

The closing of the Offering is expected to occur on or about April 26, 2016 (the "Closing Date") and is subject to the completion of formal documentation and receipt of regulatory approvals, including the approval of the TSX Venture Exchange.

The proceeds received by the Company from the sale of the Flow-Through Shares will be used to incur Canadian exploration expenses on the Company's properties in the Province of British Columbia that are "flow-through mining expenditures" (as such terms are defined in the Income Tax Act (Canada)) (the "Qualifying Expenditures"). The Qualifying Expenditures will be renounced to the subscribers with an effective date no later than December 31, 2016, in the aggregate amount of not less than the total amount of the gross proceeds raised from the issue of Flow-Through Shares.

In consideration for their services, the Underwriters will receive a cash commission equal to 6.0% of the gross proceeds of the Offering, excluding proceeds from certain shareholders of the Company. As additional consideration, the Company has agreed to pay to the Underwriters a number of broker warrants (the "Broker Warrants") equal to 4.0% of the securities issued under the Offering, excluding securities sold to certain shareholders of the Company. Each Broker Warrant is exercisable into one common share for a period of 24 months at a price equal to the Issue Price.

The securities offered have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

About Barkerville

Barkerville is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville's mineral tenures cover 1,164 square kilometres along a strike length of 60 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March 2015 with 91,489 tonnes of ore milled producing 25,464 ounces of gold. Barkerville has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

Cautionary Statement on Forward-Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

CONTACT INFORMATION

Barkerville Gold Mines Ltd.
Tom Obradovich
President & Chief Executive Officer
(416) 361-2511
tobradovich@barkervillegold.com



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From: IngotWeTrust4/29/2016 2:30:39 PM
   of 127
 
I believe we're seeing what amounts to a Fib retracement since the burst of follow on buying emerged with the announcement of OSISKO's participation.

The sustainable rally in the physical gold market, thanks to the Chinese and the new Shanghai bourse opening on April 19th, I'm observing is supporting the stock as the first round of profit taking has run it's course, or nearly so.

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From: howestreetbull5/2/2016 12:15:42 PM
   of 127
 
BGM.v Barkerville Gold and Williams Creek Gold Enter Into Arrangement Agreement
V.BGM | 1 hour ago
(via Thenewswire.ca)

Share exchange transaction will result in shareholders of Williams Creek receiving 6.8 million shares of Barkerville Gold, representing an immediate 77% premium or 65% premium based on a 20 day VWAP. Barkerville Gold’s shareholders gain exposure to Williams Creek’s crown granted mineral claims, located in the heart of the Barkerville Gold Camp

May 2, 2016 / TheNewswire / Toronto, Ontario and Vancouver, British Columbia - Barkerville Gold Mines Ltd. (TSXV: BGM) (“Barkerville”) and Williams Creek Gold Limited (“Williams Creek”) (TSXV: WCX) are pleased to announce that the companies have entered into a definitive arrangement agreement dated April 29, 2016 (the “Agreement”). Pursuant to the terms of the Agreement, Barkerville has agreed to issue an aggregate of 6,800,000 common shares of Barkerville in exchange for all of the issued and outstanding common shares of Williams Creek held by Williams Creek shareholders (the “Transaction”). Upon completion of the Transaction, Williams Creek will become a wholly owned subsidiary of Barkerville and former shareholders of Williams Creek will hold approximately 2.27% of the shares of Barkerville on an outstanding basis.

The Transaction will be implemented by way of plan of arrangement (the “Arrangement”) under the Business Corporations Act (British Columbia). The Arrangement must be approved by two-thirds of the votes cast by shareholders present and voting at the special meeting of Williams Creek shareholders called to consider the Arrangement.

Tom Obradovich, CEO of Barkerville commented “The board of directors of Barkerville believes the proposed transaction will add an important central land package within our dominant land position in the Barkerville camp. This acquisition fits with our strategic focus on finding and mining high-grade gold deposits across British Columbia’s highly celebrated and prospective Cariboo gold district.”

Stephen Leahy, CEO of Williams Creek commented: “This business combination offers Williams Creek shareholders the opportunity to maximize the potential value of their main assets by accessing Barkerville’s more extensive technical and financial resources which are needed to explore and advance our project area. This transaction provides our shareholders exposure to Barkerville’s much larger land base that includes more advanced stage gold targets with defined resources. In our view, the proposal offers shareholders of the combined company the potential for enhanced value appreciation with exposure to a larger asset base in B.C.’s prolific historic Cariboo gold district."

Elaine Ellingham, Chairman of Williams Creek commented: “Our board of directors believes that our shareholder base will benefit from this combination of companies. We are pleased by the premium that shareholders are receiving from Barkerville and the benefits of greater trading liquidity and access to capital. Barkerville’s management team has a solid track record of adding value to exploration projects and has the funding capacity and technical team to unlock the project’s potential with minimal dilution to its shareholder base.”

Summary of Proposed Transaction

Currently, Barkerville has 293,035,668 common shares outstanding and Williams Creek has 109,057,249 common shares outstanding. The board of directors of each of the companies have approved the Arrangement.

Pursuant to the terms of the Agreement, Williams Creek shareholders will receive 0.062353 common shares of Barkerville for each one common share of Williams Creek held, representing a value of approximately $0.0355 per share based on the closing price of Barkerville on the TSX Venture Exchange (“TSXV”) on April 29, 2016. This represents a 65% premium using the 20-day volume weighted average pricing and represents an aggregate value to Williams Creek shareholders of $3.876 million.

Pursuant to the Agreement, Barkerville has agreed to advance Williams Creek an aggregate amount of up to CDN$500,000, available in multiple draws bearing interest at an effective annual rate of 5% per annum (the “Loan”) evidenced by a grid promissory note. The Loan will be secured against the assets of Williams Creek. Subject to the approval of the TSXV, Barkerville shall have the right, at its option, at any time following the termination of the Agreement under the terms and conditions thereof, to convert the Loan into common shares of Williams Creek at a conversion price equal to $0.02. The parties further agreed that Williams Creek will not give effect to any conversion, if, after giving effect to such conversion, Barkerville would own or exercise control or direction over greater than 19.9% of the total outstanding common shares of Williams Creek immediately after giving effect to such conversion

The Arrangement is subject to the approval of the Supreme Court of British Columbia and all applicable regulatory authorities, including the TSXV and the conditions set out in the Agreement. Barkerville and Williams Creek expect to close the transaction on or about August 5, 2016.

The Arrangement includes customary provisions, including fiduciary-out provisions, covenants not to solicit other acquisition proposals and the right to match any superior proposal.

Upon completion of the Transaction, Williams Creek’s common shares will be de-listed from the TSXV and it is expected that Barkerville will apply to cause Williams Creek to cease being a reporting issuer under applicable Canadian securities laws.

A copy of the Agreement will be filed on SEDAR and will be available for viewing under the respective profiles of Barkerville and Williams Creek at www.sedar.com.

Advisors & Counsel

Irwin Lowy LLP is acting as legal counsel to Barkerville. Morton Law LLP is acting as legal counsel to Williams Creek. Primary Capital Inc. has provided a verbal fairness opinion to Williams Creek’s Board of Directors that, as of the date thereof and subject to the assumptions, limitations and qualifications set forth therein, the transaction is fair, from a financial point of view, to the shareholders of Williams Creek.

About Barkerville:

Barkerville is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s mineral tenures cover 1,164 square kilometres along a strike length of 60 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of this year with 91,489 tonnes of ore milled producing 25,464 ounces of gold. Barkerville has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order to develop geologic models which will assist new management and provide the framework to continue to explore the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

For further information on Barkerville Gold Mines Ltd., please contact:

Tom Obradovich

Chief Executive Officer

(416) 361-2511

tobradovich@barkervillegold.com

For further information on Williams Creek Gold Limited, please contact:

Stephen Leahy

Chief Executive Officer

604-729-4573

Neither the TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release and has in no way passed upon the merits of the Arrangement and has neither approved nor disapproved of the contents of this press release.

This news release does not constitute an offer to sell or a solicitation of an offer of securities in the United States. The securities issuable in the transaction have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered within the United States or to U.S. Persons unless exemptions from such registration requirements are available

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Arrangement, any information released or received with respect to the Arrangement may not be accurate or complete and should not be relied upon. Trading in the securities of Williams Creek or Barkerville should be considered highly speculative.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

The information in this news release has been prepared as at May 2, 2016. Certain statements in this news release, referred to herein as "forward-looking statements", constitute "forward-looking statements" under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as "expected", "may", "will" or similar terms.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Barkerville and Williams Creek as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements in this press release relate to, among other things: anticipated benefits of the Transaction to Barkerville and Williams Creek and their respective securityholders; the pro rata shareholdings of the current shareholders of Williams Creek in Barkerville; the timing and receipt of required securityholder, court, stock exchange and regulatory approvals for the Transaction; the ability of Barkerville and Williams Creek to satisfy the other conditions to, and to complete, the Transaction;; the closing of the Transaction. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: satisfaction or waiver of all applicable conditions to closing of the Transaction including, without limitation, receipt of all necessary securityholder, court, stock exchange and regulatory approvals or consents and lack of material changes with respect to the parties and their respective businesses; the synergies expected from the Transaction not being realized; business integration risks; fluctuations in general macro-economic conditions; fluctuations in securities markets and the market price of Barkerville’s shares; fluctuations in the spot and forward price of gold, base metals or certain other commodities; fluctuations in the currency.

Copyright (c) 2016 TheNewswire - All rights reserved.

Tags: GOLD

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From: howestreetbull5/21/2016 11:46:04 AM
1 Recommendation   of 127
 
BGM.v Barkerville Gold Mines Ltd. .v Jaime Carrasco- BNN Top Pick ...This is going to become one of Canada’s highest producing gold mines. It is in BC with low political risk. High grade gold and they start production sometime this year.
bnn.ca

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To: howestreetbull who wrote (59)5/28/2016 6:43:51 PM
From: Supervalue
   of 127
 
To the MOON ...............run Barkerville RUN !

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To: howestreetbull who wrote (59)6/9/2016 10:51:35 AM
From: howestreetbull
   of 127
 
BGM.v Barkerville Gold drills 31 m of 9.97 g/t Au at Cariboo

2016-06-09 08:51 ET - News Release

Mr. Chris Lodder reports

BARKERVILLE GOLD MINES INTERSECTS 9.97 G/T (0.29 OZ/T) GOLD OVER 31.0 METRES INCLUDING 15.15 G/T (0.44 OZ/T) AU OVER 14.00 METRES IN PHASE II DRILLING ON BARKERVILLE MOUNTAIN

Barkerville Gold Mines Ltd. has released results from the phase II exploration and infill drilling programs on Barkerville Mountain at the company's flagship Cariboo gold project (CGP). The results of these drill holes are presented in the associated table. A drill hole location plan map and representative sections are available on the company's website.

Drilling highlights

BGM-15-165: 18.48 grams per tonne (0.54 ounce per ton) gold (Au) over 4.70 metres including 58.33 g/t (1.70 ounces per ton) Au over one metre;
BGM-15-166: 19.07 g/t (0.56 ounce per ton) Au over 4.70 metres including 23.27 g/t (0.68 ounce per ton) Au over one metre including 59.84 g/t (1.75 ounces per ton) Au over one metre;
BGM-15-172: 10.94 g/t (0.32 ounce per ton) Au over eight metres including 19.54 g/t (0.57 ounce per ton) Au over four metres and 35.40 g/t (1.03 ounces per ton) Au over one metre;
BGM-16-207: 23.28 g/t (0.68 ounce per ton) Au over seven metres including 48.60 g/t (1.42 ounces per ton) Au over 2.75 metres including 75.31 g/t (2.20 ounces per ton) Au over one metre;
BGM-16-219: 20.64 g/t (0.60 ounce per ton) Au over 7.25 metres including 38.32 g/t (1.12 ounces per ton) Au over 1.50 metres and 98.61 g/t (2.88 ounces per ton) Au over 1.05 metres;
BGM-16-226: 12.65 g/t (0.37 ounce per ton) Au over 7.70 metres including 73.93 g/t (2.16 ounces per ton) Au over 1.10 metres;
BGM-16-227: 9.97 g/t (0.29 ounce per ton) Au over 31.00 metres including 15.15 g/t (0.44 ounce per ton) Au over 14.00 metres including 24.22 g/t (0.71 ounce per ton) Au over six metres and 44.92 g/t (1.31 ounces per ton) Au over one metre;
BGM-16-258: 9.75 g/t (0.28 ounce per ton) Au over 8.80 metres including 15.11 g/t (0.44 ounce per ton) Au over 3.80 metres including 39.15 g/t (1.14 ounces per ton) Au over 0.90 metre and 15.57 g/t (0.45 ounce per ton) Au over 0.80 metre.
Note

* Reported core lengths represent 60-to-90-per-cent true widths.

Phase II BCV infill drilling

The phase II BCV infill program was performed to provide drilling confidence to the most economically prospective areas of the BCV mineralization that were identified in the 2015 phase I campaign. Although the BCV mineralization still remains open to depth over its currently delineated 1,400-metre strike length, the second phase preferentially focused on drill defining a near-surface resource and ultimately reserve base, which is intended to complement the longer-term Bonanza Ledge underground mine planning. Additional mineralization was intersected during the course of this program as hangingwall veins (HWV), which are a series of veins sets that occur directly above the BCV as demonstrated by drill hole BGM-16-207: 23.28 g/t (0.68 ounce per ton) Au over seven metres including 48.60 g/t (1.42 ounces per ton) Au over 2.75 metres.

Phase II BCV infill drilling was conducted from surface to 150 metres vertical over a strike length of 375 metres and has been drilled to about 15-metre centres.

TC area drilling

To further supplement the Bonanza Ledge mine plan with a steady pipeline of potential resources, drilling was performed in the TC area and occurs 100 metres north of the Bonanza Ledge mineralization as a series of veins comparable with the hangingwall veins above the BCV. Drill hole BGM-15-172, which intersected 10.94 g/t (0.32 ounce per ton) Au over eight metres including 19.54 g/t (0.57 ounce per ton) Au over four metres and 35.40 g/t (1.03 ounces per ton) Au over one metre, represents the deepest occurrence of this zone to date at only 50 metres vertically below surface. The TC area remains untested along strike to the north as well as downdip.

Bonanza Ledge drilling

In preparation for the upcoming underground development of the Bonanza Ledge resource, four drill holes were planned to confirm the historic resource block model geometry and grade as well as collect geotechnical data for mine planning. The 2016 drilling correlated extremely well with historical data and the favourable geotechnical results are being incorporated into the underground mine plan.

Commentary

"These new results from the B.C. vein and other areas on Barkerville Mountain demonstrate the potential for further near-surface, high-grade gold resources which we see as continued supply of mill feed after the eventual depletion of the Bonanza Ledge mineralization," noted Chris Lodder, president of Barkerville Gold Mines.

Qualified persons

Exploration activities at the Cariboo gold project are jointly administered on-site by the company's project managers Maggie Layman, PGeo, and Wanda Carter, PGeo. As per National Instrument 43-101 standards of disclosure for mineral projects, Paul Geddes, PGeo, vice-president, exploration, is the qualified person for the company and has prepared, validated and approved the technical content of this news release. The company strictly adheres to Canadian Institute of Mining, Metallurgy and Petroleum best practices guidelines in conducting, documenting and reporting its exploration activities on the Cariboo gold project.

Quality assurance/quality control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on-site at the company's secure facility in Wells, B.C. Numbered security tags are applied to lab shipments for chain-of-custody requirements. The company inserts quality-control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QA/QC program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by Mr. Geddes, PGeo, vice-president, exploration.

Drill core samples are submitted to SGS Canada's analytical facility in Burnaby, B.C., for preparation and analysis. The SGS facility is accredited to the International Organization for Standardization/International Electrotechnical Commission 17025 standard for gold assays and all analytical methods include quality-control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 1,000 grams are pulverized. Analysis for gold is by 50-gram fire assay fusion with atomic absorption spectroscopy (AAS) finish with a lower limit of five parts per billion and upper limit of 10,000 ppb. Samples with gold assays greater than 10,000 ppb are reanalyzed using 50-gram fire assay with gravimetric finish, as well as 1,000-gram screen metallic fire assay. Samples are also analyzed using a 49-multielemental geochemical package by a four-acid digestion, followed by inductively coupled plasma atomic emission spectroscopy (ICP-AES) and inductively coupled plasma mass-spectroscopy (ICP-MS).

LENGTH-WEIGHTED GOLD COMPOSITES FOR DRILL HOLES BGM-15-165 TO BGM-16-260

Hole ID From (m) To (m) Core length (m) Au (g/t) Au (oz/t)

BGM-15-165 14.00 16.00 2.00 29.27 0.85
BGM-15-165 22.30 27.00 4.70 18.48 0.54
Including 22.30 23.50 1.20 10.87 0.32
And 26.00 27.00 1.00 58.33 1.70
BGM-15-165 39.40 40.90 1.50 19.20 0.56
BGM-15-166 25.30 30.00 4.70 19.07 0.56
Including 25.30 26.30 1.00 23.27 0.68
And 29.00 30.00 1.00 59.84 1.75
BGM-15-166 42.50 43.50 1.00 8.12 0.24
BGM-15-167 241.50 242.00 0.50 80.68 2.35
BGM-15-168 15.00 16.00 1.00 9.15 0.27
BGM-15-168 24.10 31.00 6.90 16.54 0.48
Including 29.00 30.00 1.00 72.45 2.11
BGM-15-168 40.00 42.00 2.00 11.60 0.34
BGM-15-169 20.50 22.00 1.50 9.82 0.29
BGM-15-169 35.40 36.40 1.00 5.59 0.16
BGM-15-170 19.50 21.00 1.50 3.60 0.11
BGM-15-170 37.00 38.00 1.00 4.25 0.12
BGM-15-171 NSA
BGM-15-172 42.00 50.00 8.00 10.94 0.32
Including 46.00 50.00 4.00 19.54 0.57
Including 47.00 48.00 1.00 35.40 1.03
And 49.00 50.00 1.00 25.34 0.74
BGM-15-173 40.50 42.00 1.50 11.65 0.34
BGM-15-174 32.50 33.60 1.10 16.81 0.49
BGM-15-175 25.90 27.25 1.35 14.00 0.41
BGM-15-176 31.00 32.50 1.50 10.12 0.30
BGM-15-177 NSA
BGM-15-178 NSA
BGM-15-179 7.00 8.50 1.50 23.96 0.70
BGM-15-180 NSA
BGM-15-181 NSA
BGM-15-182 1.00 1.80 0.80 12.96 0.38
BGM-15-183 NSA
BGM-15-184 NSA
BGM-15-185 NSA
BGM-15-186 NSA
BGM-15-187 NSA
BGM-15-188 NSA
BGM-15-189 NSA
BGM-15-190 150.50 151.50 1.00 11.70 0.34
BGM-15-191 Abandoned
BGM-15-192 NSA
BGM-15-193 NSA
BGM-15-194 195.90 198.60 2.70 8.01 0.23
Including 197.30 198.00 0.70 12.31 0.36
And 198.00 198.60 0.60 16.10 0.47
BGM-15-195 NSA
BGM-15-196 NSA
BGM-15-197 NSA
BGM-15-198 10.95 15.00 4.05 10.40 0.30
Including 10.95 12.00 1.05 31.14 0.91
BGM-15-199 NSA
BGM-15-200 47.35 48.00 0.65 11.27 0.33
BGM-15-201 NSA
BGM-15-202 Abandoned
BGM-15-203 200.70 202.40 1.70 27.14 0.79
Including 200.70 201.70 1.00 36.75 1.07
And 201.70 202.40 0.70 13.42 0.39
BGM-15-203 411.00 412.00 1.00 7.30 0.21
BGM-15-204 Abandoned
BGM-16-205 NSA
BGM-16-206 113.50 115.00 1.50 13.13 0.38
BGM-16-206 146.75 149.40 2.65 16.30 0.48
Including 147.75 148.70 0.95 33.78 0.99
BGM-16-207 197.50 204.50 7.00 23.28 0.68
Including 197.50 200.25 2.75 48.60 1.42
Including 197.50 198.25 0.75 23.96 0.70
And 198.25 199.25 1.00 75.31 2.20
And 199.25 200.25 1.00 40.38 1.18
BGM-16-208 21.30 22.00 0.70 15.00 0.44
BGM-16-208 36.00 37.30 1.30 17.51 0.51
BGM-16-209 47.00 47.50 0.50 14.35 0.42
BGM-16-210 Abandoned
BGM-16-211 29.00 30.00 1.00 6.30 0.18
BGM-16-211 38.30 39.20 0.90 8.90 0.26
BGM-16-211 44.00 49.10 5.10 4.10 0.12
BGM-16-212 29.00 32.00 3.00 5.78 0.17
Including 30.30 31.00 0.70 22.65 0.66
BGM-16-212 57.00 62.20 5.20 6.82 0.20
BGM-16-213 162.00 163.50 1.50 12.27 0.36
BGM-16-214 NSA
BGM-16-215 41.00 42.00 1.00 24.82 0.72
BGM-16-216 38.00 39.00 1.00 8.00 0.23
BGM-16-216 44.70 46.00 1.30 7.10 0.21
BGM-16-217 60.20 61.60 1.40 13.44 0.39
BGM-16-217 81.40 82.00 0.60 15.64 0.46
BGM-16-218 NSA
BGM-16-219 32.00 40.25 8.25 20.64 0.60
Including 32.00 33.50 1.50 38.32 1.12
And 38.70 39.20 0.50 13.23 0.39
And 39.20 40.25 1.05 98.61 2.88
BGM-16-220 70.10 71.00 0.90 7.40 0.22
BGM-16-221 NSA
BGM-16-222 NSA
BGM-16-223 49.90 50.60 0.70 21.00 0.61
BGM-16-223 100.30 101.00 0.70 36.36 1.06
BGM-16-223 132.40 133.10 0.70 18.93 0.55
BGM-16-224 341.40 343.50 2.10 7.15 0.21
BGM-16-225 114.00 117.40 3.40 29.22 0.85
Including 114.00 115.00 1.00 32.72 0.95
And 115.00 116.00 1.00 59.48 1.73
BGM-16-226 100.80 108.50 7.70 12.65 0.37
Including 101.90 103.00 1.10 73.93 2.16
BGM-16-227 107.00 138.00 31.00 9.97 0.29
Including 107.00 108.50 1.50 36.94 1.08
And 121.00 135.00 14.00 15.15 0.44
Including 121.00 127.00 6.00 24.22 0.71
Including 121.00 122.00 1.00 25.08 0.73
And 124.00 125.00 1.00 44.92 1.31
And 125.00 126.00 1.00 25.74 0.75
And 126.00 127.00 1.00 37.81 1.10
Including 131.00 135.00 4.00 16.31 0.48
Including 131.00 132.00 1.00 16.52 0.48
And 133.00 134.00 1.00 26.75 0.78
And 134.00 135.00 1.00 12.88 0.38
BGM-16-228 NSA
BGM-16-229 NSA
BGM-16-230 143.50 149.95 6.45 11.25 0.33
Including 144.50 146.70 2.20 27.77 0.81
BGM-16-231 163.90 164.75 0.85 12.04 0.35
BGM-16-231 327.40 329.00 1.60 13.70 0.40
Including 328.40 329.00 0.60 29.76 0.87
BGM-16-232 NSA
BGM-16-233 NSA
BGM-16-234 144.00 147.00 3.00 10.75 0.31
Including 145.00 146.00 1.00 19.17 0.56
BGM-16-235 Abandoned
BGM-16-236 116.50 117.80 1.30 16.98 0.50
BGM-16-237 146.80 147.90 1.10 16.05 0.47
BGM-16-238 30.30 31.10 0.80 12.10 0.35
BGM-16-238 116.00 119.00 3.00 7.25 0.21
BGM-16-239 149.00 152.00 3.00 12.02 0.35
Including 150.00 151.10 1.10 30.45 0.89
BGM-16-240 94.50 95.90 1.40 4.50 0.13
BGM-16-241 113.00 115.00 2.00 40.57 1.18
Including 114.00 115.00 1.00 79.57 2.32
BGM-16-242 Abandoned
BGM-16-243 134.30 135.20 0.90 5.80 0.17
BGM-16-243 136.20 137.30 1.10 5.40 0.16
BGM-16-244 101.30 106.00 4.70 13.62 0.40
Including 101.30 102.00 0.70 31.45 0.92
And 103.00 104.00 1.00 19.77 0.58
And 104.00 105.00 1.00 11.48 0.33
BGM-16-245 107.00 112.50 5.50 8.27 0.24
Including 107.00 108.00 1.00 13.81 0.40
And 110.60 111.50 0.90 16.77 0.49
And 111.50 112.50 1.00 11.15 0.33
BGM-16-245 120.00 121.00 1.00 12.29 0.36
BGM-16-246 Abandoned
BGM-16-247 58.00 79.50 21.50 4.26 0.12
Including 73.50 78.00 4.50 8.76 0.26
BGM-16-248 59.00 87.00 28.00 3.02 0.09
Including 73.00 74.00 1.00 10.51 0.31
BGM-16-248 94.00 100.00 6.00 9.86 0.29
Including 95.00 98.62 3.62 12.67 0.37
Including 95.00 96.00 1.00 19.20 0.56
And 96.00 97.00 1.00 13.32 0.39
BGM-16-249 50.00 56.00 6.00 10.04 0.29
Including 50.00 51.50 1.50 28.41 0.83
BGM-16-249 101.10 102.00 0.90 26.41 0.77
BGM-16-250 NSA
BGM-16-251 101.70 106.00 4.30 5.86 0.17
Including 104.10 105.00 0.90 16.67 0.49
Including 131.30 132.50 1.20 14.93 0.44
BGM-16-252 129.50 132.50 3.00 7.01 0.20
BGM-16-253 NSA
BGM-16-254 152.00 153.00 1.00 77.51 2.26
BGM-16-255 121.50 123.00 1.50 6.20 0.18
BGM-16-256 103.50 104.15 0.65 9.27 0.27
BGM-16-256 113.00 113.80 0.80 10.67 0.31
BGM-16-256 121.70 125.55 3.85 5.51 0.16
BGM-16-257 NSA
BGM-16-258 154.70 163.50 8.80 9.75 0.28
Including 154.70 158.50 3.80 15.11 0.44
Including 154.70 155.60 0.90 39.15 1.14
And 157.70 158.50 0.80 15.57 0.45
BGM-16-259 NSA
BGM-16-260 62.00 86.00 24.00 5.96 0.17
Including 66.00 80.00 14.00 7.35 0.21
Including 66.00 72.00 6.00 7.35 0.21
Including 66.00 69.00 3.00 14.24 0.42
BGM-16-260 177.60 178.20 0.60 30.83 0.90

Notes
Core lengths represent 60-to-90-per-cent true widths. Rock not recovered
by drilling was assigned zero grade and not included in the composites.
Top cuts have not been applied to high-grade assays. Conversion factor:
one ounce per ton equals 34.2857 g/t. NSA -- no significant assays.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

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From: howestreetbull6/29/2016 2:01:13 PM
   of 127
 
Barkerville Gold Mines Intersects 30.98 G/T (0.90 Oz/T) Au Over 6.80 Metres in Cow Mountain Phase I Drilling - New Gold Extension Discovered

V.BGM | 5 hours ago

(via Thenewswire.ca)

VANCOUVER, BC / TheNewswire / June 29, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “BGM”) is pleased to announce results from the Phase I drilling program on Cow Mountain at the Company’s Cariboo Gold Project (CGP). The results of these drillholes are presented in Table 1. A drillhole location plan map and a longitudinal section are offered at the end of this release.

Drilling Highlights:

-BGM-16-280: 12.51 g/t (0.36 oz/t) Au over 9.70 metres including 17.95 g/t (0.52 oz/t) Au over 1.50 metres and 98.50 g/t (2.87 oz/t) Au over 0.87 metres

-BGM-16-298: 30.98 g/t (0.90 oz/t) Au over 6.80 metres including 52.94 g/t (1.54 oz/t) Au over 3.60 metres including 144.50 g/t (4.21 oz/t) Au over 1.10 metres and 15.85 g/t (0.46 oz/t) Au over 1.00 metres

-BGM-16-307: 34.79 g/t (1.01 oz/t) Au over 5.00 metres including 113.00 g/t (3.30 oz/t) Au over 1.10 metres and 42.60 g/t (1.24 oz/t) Au over 1.10 metres

-BGM-16-315: 28.40 g/t (0.83 oz/t) Au over 3.00 metres including 70.10 g/t (2.04 oz/t) Au over 1.20 metres

-BGM-16-326: 31.67 g/t (0.92 oz/t) Au over 2.90 metres including 11.40 g/t (0.33 oz/t) Au over 0.50 metres including 112.50 g/t (3.28 oz/t) Au over 0.70 metres

-BGM-16-333: 10.62 g/t (0.31 oz/t) Au over 9.30 metres including 23.78 g/t (0.69 oz/t) Au over 2.90 metres including 42.40 g/t (1.24 oz/t) Au over 1.00 metres and 29.70 g/t (0.87 oz/t) Au over 0.70 metres

-BGM-16-347: 119.69 g/t (3.49 oz/t) Au over 2.55 metres including 216.93 g/t (6.33 oz/t) Au over 1.40 metres including 317.00 g/t (9.25 oz/t) Au over 0.90 metres

-BGM-16-349: 21.41 g/t (0.62 oz/t) Au over 5.90 metres including 50.90 g/t (1.48 oz/t) Au over 1.50 metres including 71.10 g/t (2.07 oz/t) Au over 0.70 metres

-BGM-16-352: 28.45 g/t (0.83 oz/t) Au over 5.00 metres including 44.05 g/t (1.28 oz/t) Au over 3.00 metres including 43.50 g/t (1.27 oz/t) Au over 1.50 metres and 44.60 g/t (1.30 oz/t) Au over 1.50 metres

-BGM-16-359: 22.84 g/t (0.67 oz/t) Au over 8.05 metres including 53.57 g/t (1.56 oz/t) Au over 2.65 metres including 66.20 g/t (1.93 oz/t) Au over 1.45 metres and 38.30 g/t (1.12 oz/t) Au over 1.20 metres

Note: Reported core lengths represent 50-75% true widths.

Phase I Drilling

The initial 30,000 metre (18,452 metres completed), Phase I drilling program on Cow Mountain was exclusively intended to upgrade areas of geological uncertainty and secondly to augment the geological model in areas that were entirely devoid of historical drilling. The Pinkerton, Sanders, Rainbow
and No. 1 Zones have been drilled in the near surface by previous operators at a sufficient hole spacing as to demonstrate a high degree of geological confidence and as such were not the focus of this first drilling campaign. In total, 101 drillholes have been completed to date on approximately 50 metre centres throughout select areas of Cow Mountain.

New High Grade Gold Extension Discovered

A previously undeveloped and unexplored area of gold-bearing quartz veins hosted between the Sanders and Rainbow Zones at approximately 250 metres vertical depth below surface has been identified during the Phase I program:

-BGM-15-325 9.70 g/t (0.28 oz/t) Au over 7.35 metres including 28.50 g/t (0.83 oz/t) Au over 0.50 metres and 9.60 g/t (0.28 oz/t) Au over 0.50 metres and 44.60 g/t (1.30 oz/t) Au over 1.00 metres

-BGM-16-326 31.67 g/t (0.92 oz/t) Au over 2.90 metres including 11.40 g/t (0.33 oz/t) Au over 0.50 metres and 112.50 g/t (3.28 oz/t) Au over 0.70 metres

-BGM-16-340 5.70 g/t (0.17 oz/t) Au over 10.00 metres including 12.70 g/t (0.37 oz/t) Au over 3.40 metres and 30.30 g/t (0.88 oz/t) Au over 0.50 metres and 18.50 g/t (0.54 oz/t) Au over 0.50 metres and 14.70 g/t (0.43 oz/t) Au over 0.50 metres

-BGM-16-361 6.46 g/t (0.19 oz/t) Au over 12.70 metres including 20.94 g/t (0.61 oz/t) Au over 2.40 metres including 20.20 g/t (0.59 oz/t) Au over 0.70 metres and 47.50 g/t (1.39 oz/t) Au over 0.70 metres

Note: Reported core lengths represent 50-75% true widths.

Drilling in this new extension has now defined a corridor of auriferous quartz veins with a strike length of approximately 140 metres and was targeted because of a scarcity of historical drilling in this location. These new mineralized vein sets are untested at depth and also along strike to the northwest and have only been drilled on widely spaced 50 metre centres.

Current Status

With three drill rigs on Cow Mountain, the budgeted 30,000 metre Phase I campaign is continuing and preferentially concentrated on optimizing the continuity of gold mineralization in the near surface.

Mr. Chris Lodder, President of the Company noted, “The results to date from the Phase I program that targeted areas that lacked any historical drillholes is very positive. Not only have we identified a new mineralized extension with high exploration potential that is untested at depth, but we have also added additional gold mineralization across the extents of Cow Mountain”.

Qualified Persons

Exploration activities at the Cariboo Gold Project are jointly administered on site by the Company’s Project Managers Maggie Layman, P.Geo. and Wanda Carter, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by
Paul Geddes, P.Geo, Vice President Exploration of the Company.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 5ppb and upper limit of 10,000ppb. Samples with gold assays greater than 10,000ppb are re-analyzed using 50g fire assay with gravimetric finish, as well as 1,000g screen metallic fire assay. Samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

For further information on Barkerville Gold Mines Limited please contact:

Tom Obradovich

Chief Executive Officer

(416) 361-2511

tobradovich@barkervillegold.com

About Barkerville Gold Mines Ltd.

The company is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. BGM's mineral tenures cover 1,164 square kilometres along a strike length of 60 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by BGM in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of ore milled producing 25,464 ounces of gold. BGM has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Table 1: Length weighted gold composites for drillholes BGM-16-261 through BGM-16-361:

HOLE-ID

FROM

TO

LENGTH

AU G/T

AU OZ/T

BGM-16-261

NSA

BGM-16-262

NSA

BGM-16-263

58.50

60.00

1.50

10.30

0.30

BGM-16-263

127.45

128.20

0.75

166.50

4.86

BGM-16-264

29.50

33.50

4.00

17.02

0.50

INCLUDING

29.50

30.65

1.15

18.75

0.55

AND

30.65

31.95

1.30

24.80

0.72

AND

33.00

33.50

0.50

28.20

0.82

BGM-16-264

119.40

119.90

0.50

86.50

2.52

BGM-16-264

174.00

178.10

4.10

13.55

0.40

INCLUDING

174.00

175.50

1.50

25.20

0.74

AND

177.00

178.10

1.10

15.60

0.46

BGM-16-265

74.50

75.50

1.00

9.06

0.26

BGM-16-266

NSA

BGM-16-267

NSA

BGM-16-268

21.00

22.50

1.50

5.46

0.16

BGM-16-268

34.00

37.00

3.00

5.24

0.15

INCLUDING

36.00

37.00

1.00

9.67

0.28

BGM-16-269

31.00

33.50

2.50

5.46

0.16

INCLUDING

31.00

32.00

1.00

11.35

0.33

BGM-16-270

42.00

42.50

0.50

22.90

0.67

BGM-16-270

47.00

48.00

1.00

9.07

0.26

BGM-16-271

ABANDONED

BGM-16-272

NSA

BGM-16-273

51.05

52.30

1.25

19.15

0.56

BGM-16-273

119.00

122.05

3.05

17.84

0.52

INCLUDING

120.00

120.65

0.65

22.60

0.66

AND

120.65

122.05

1.40

23.20

0.68

BGM-16-273

140.50

141.00

0.50

22.90

0.67

BGM-16-274

NSA

BGM-16-275

NSA

BGM-16-276

72.00

74.20

2.20

10.08

0.29

INCLUDING

72.70

74.20

1.50

13.85

0.40

BGM-16-277

13.00

14.40

1.40

9.92

0.29

BGM-16-277

52.00

53.50

1.50

5.05

0.15

BGM-16-278

NSA

BGM-16-279

`

NSA

BGM-16-280

6.70

33.40

26.70

1.03

0.03

BGM-16-280

42.50

43.80

1.30

38.20

1.11

BGM-16-280

52.50

55.30

2.80

18.42

0.54

INCLUDING

53.30

54.20

0.90

22.90

0.67

AND

54.20

55.30

1.10

26.80

0.78

BGM-16-280

61.80

71.50

9.70

12.51

0.36

INCLUDING

64.50

66.00

1.50

17.95

0.52

AND

68.63

69.50

0.87

98.50

2.87

BGM-16-280

86.50

89.00

2.50

10.40

0.30

INCLUDING

86.50

87.50

1.00

8.37

0.24

AND

87.50

89.00

1.50

11.75

0.34

BGM-16-281

221.40

221.90

0.50

25.40

0.74

BGM-16-282

53.95

55.20

1.25

7.17

0.21

BGM-16-282

79.00

85.50

6.50

15.03

0.44

INCLUDING

79.00

80.00

1.00

50.00

1.46

AND

82.50

84.00

1.50

30.10

0.88

BGM-16-283

48.50

50.00

1.50

51.80

1.51

BGM-16-283

53.00

54.50

1.50

39.60

1.16

BGM-16-284

23.95

25.70

1.75

14.66

0.43

INCLUDING

23.95

24.70

0.75

9.40

0.27

AND

24.70

25.20

0.50

36.30

1.06

BGM-16-285

130.35

131.20

0.85

10.90

0.32

BGM-16-286

NSA

BGM-16-287

156.20

157.00

0.80

42.80

1.25

BGM-16-287

172.50

173.20

0.70

13.20

0.39

BGM-16-288

173.00

183.50

10.50

3.76

0.11

INCLUDING

173.00

174.50

1.50

13.15

0.38

AND

180.50

181.10

0.60

7.44

0.22

AND

182.40

183.50

1.10

12.80

0.37

BGM-16-289

100.10

101.00

0.90

14.95

0.44

BGM-16-289

119.00

125.00

6.00

8.79

0.26

INCLUDING

121.80

125.00

3.20

14.70

0.43

INCLUDING

121.80

122.30

0.50

16.80

0.49

AND

123.60

124.10

0.50

38.70

1.13

AND

124.10

125.00

0.90

15.65

0.46

BGM-16-289

155.60

156.20

0.60

11.15

0.33

BGM-16-290

NSA

BGM-16-291

NSA

BGM-16-292

104.55

105.30

0.75

9.37

0.27

BGM-16-292

153.30

153.90

0.60

23.10

0.67

BGM-16-293

NSA

BGM-16-294

103.00

104.00

1.00

8.00

0.23

BGM-16-295

160.50

161.00

0.50

24.10

0.70

BGM-16-296

59.95

60.55

0.60

74.10

2.16

BGM-16-297

9.50

14.00

4.50

10.76

0.31

INCLUDING

11.00

12.50

1.50

31.20

0.91

BGM-16-297

73.50

75.50

2.00

34.16

1.00

INCLUDING

73.50

74.20

0.70

96.90

2.83

BGM-16-297

133.50

135.00

1.50

6.50

0.19

BGM-16-298

41.00

42.50

1.50

5.49

0.16

BGM-16-298

51.50

53.00

1.50

6.34

0.18

BGM-16-298

200.30

201.00

0.70

6.17

0.18

BGM-16-298

204.50

211.30

6.80

30.98

0.90

INCLUDING

204.50

205.40

0.90

21.70

0.63

AND

207.70

211.30

3.60

52.94

1.54

INCLUDING

207.70

208.80

1.10

144.50

4.21

AND

208.80

209.80

1.00

15.85

0.46

AND

210.80

211.30

0.50

16.00

0.47

BGM-16-298

224.20

225.80

1.60

11.60

0.34

INCLUDING

224.20

225.00

0.80

12.70

0.37

AND

225.00

225.80

0.80

10.50

0.31

BGM-16-299

153.55

154.15

0.60

24.60

0.72

BGM-16-300

52.50

55.50

3.00

10.76

0.31

INCLUDING

53.00

54.50

1.50

26.30

0.77

BGM-16-300

74.00

76.50

2.50

11.67

0.34

INCLUDING

75.50

76.50

1.00

27.50

0.80

BGM-16-301

98.50

99.50

1.00

8.27

0.24

BGM-16-302

55.50

56.40

0.90

41.00

1.20

BGM-16-302

81.30

87.40

6.10

3.77

0.11

INCLUDING

81.30

82.00

0.70

11.95

0.35

AND

85.00

86.00

1.00

7.01

0.20

BGM-16-303

79.10

82.15

3.05

12.17

0.36

INCLUDING

79.10

80.20

1.10

13.20

0.39

AND

81.55

82.15

0.60

29.10

0.85

BGM-16-303

94.00

94.50

0.50

52.60

1.53

BGM-16-304

107.00

108.15

1.15

9.60

0.28

BGM-16-305

33.50

34.00

0.50

16.70

0.49

BGM-16-305

95.95

96.65

0.70

8.79

0.26

BGM-16-306

188.20

188.80

0.60

92.40

2.70

BGM-16-306

198.50

199.00

0.50

61.60

1.80

BGM-16-307

131.30

132.00

0.70

6.05

0.18

BGM-16-307

138.00

152.40

14.40

3.80

0.11

INCLUDING

141.00

142.50

1.50

20.60

0.60

AND

150.85

151.40

0.55

23.10

0.67

BGM-16-307

165.50

170.00

4.50

5.52

0.16

INCLUDING

166.52

167.00

0.48

33.50

0.98

AND

169.50

170.00

0.50

13.30

0.39

BGM-16-307

185.00

190.00

5.00

34.79

1.01

INCLUDING

186.30

187.40

1.10

113.00

3.30

AND

187.40

188.50

1.10

42.60

1.24

BGM-16-307

197.70

198.20

0.50

60.10

1.75

BGM-16-308

NSA

BGM-16-309

347.60

348.15

0.55

13.10

0.38

BGM-16-310

130.50

131.50

1.00

37.50

1.09

BGM-16-311

27.50

37.50

10.00

6.36

0.19

INCLUDING

27.50

30.00

2.50

21.40

0.62

INCLUDING

27.50

28.75

1.25

27.80

0.81

AND

28.75

30.00

1.25

15.00

0.44

BGM-16-312

26.50

27.40

0.90

11.60

0.34

BGM-16-312

30.00

31.00

1.00

6.84

0.20

BGM-16-312

34.00

35.00

1.00

10.55

0.31

BGM-16-312

43.15

44.15

1.00

9.57

0.28

BGM-16-312

62.70

63.85

1.15

8.90

0.26

BGM-16-313

7.00

8.50

1.50

24.70

0.72

BGM-16-314

25.50

27.00

1.50

17.40

0.51

BGM-16-315

65.00

68.00

3.00

28.40

0.83

INCLUDING

65.00

66.20

1.20

70.10

2.04

BGM-16-316

84.00

86.00

2.00

22.27

0.65

INCLUDING

85.00

86.00

1.00

43.10

1.26

BGM-16-316

134.15

144.50

10.35

6.76

0.20

INCLUDING

134.15

135.00

0.85

28.60

0.83

AND

140.80

142.00

1.20

31.10

0.91

BGM-16-316

170.70

171.80

1.10

8.95

0.26

BGM-16-317

8.80

9.80

1.00

35.20

1.03

BGM-16-318

8.60

17.30

8.70

5.19

0.15

INCLUDING

8.60

9.65

1.05

7.98

0.23

AND

16.75

17.30

0.55

64.20

1.87

BGM-16-318

76.00

76.60

0.60

7.84

0.23

BGM-16-318

128.00

129.55

1.55

23.40

0.68

BGM-16-319

NSA

BGM-16-320

105.97

106.95

0.98

19.40

0.57

BGM-16-320

114.40

115.20

0.80

7.70

0.22

BGM-16-321

105.00

108.00

3.00

15.47

0.45

INCLUDING

105.00

106.50

1.50

23.80

0.69

AND

106.50

108.00

1.50

7.14

0.21

BGM-16-321

164.50

165.50

1.00

107.00

3.12

BGM-16-322

NSA

BGM-16-323

NSA

BGM-16-324

125.50

127.00

1.50

95.30

2.78

INCLUDING

125.50

126.20

0.70

24.80

0.72

AND

126.20

127.00

0.80

157.00

4.58

BGM-16-325

117.50

118.00

0.50

73.40

2.14

BGM-16-325

295.85

303.20

7.35

9.70

0.28

INCLUDING

295.85

296.35

0.50

28.50

0.83

AND

301.70

302.20

0.50

9.60

0.28

AND

302.20

303.20

1.00

44.60

1.30

BGM-16-326

251.50

252.00

0.50

9.18

0.27

BGM-16-326

263.00

263.50

0.50

7.87

0.23

BGM-16-326

269.00

269.50

0.50

11.05

0.32

BGM-16-326

296.00

298.90

2.90

31.67

0.92

INCLUDING

296.50

297.00

0.50

11.40

0.33

AND

298.20

298.90

0.70

112.50

3.28

BGM-16-327

11.00

11.50

0.50

36.30

1.06

BGM-16-327

29.50

30.00

0.50

46.30

1.35

BGM-16-328

9.00

10.50

1.50

23.50

0.69

BGM-16-329

45.70

46.45

0.75

15.20

0.44

BGM-16-329

133.00

134.00

1.00

7.70

0.22

BGM-16-330

77.00

78.50

1.50

9.10

0.27

BGM-16-330

88.85

89.40

0.55

34.30

1.00

BGM-16-331

159.65

164.85

5.20

6.40

0.19

INCLUDING

159.65

160.40

0.75

39.00

1.14

BGM-16-332

78.50

81.60

3.10

19.29

0.56

INCLUDING

78.50

79.50

1.00

30.00

0.88

AND

79.50

80.50

1.00

16.50

0.48

AND

80.50

81.60

1.10

12.10

0.35

BGM-16-332

91.60

92.60

1.00

33.90

0.99

BGM-16-332

144.50

146.00

1.50

22.20

0.65

BGM-16-333

30.10

39.40

9.30

10.62

0.31

INCLUDING

30.10

33.00

2.90

23.78

0.69

INCLUDING

30.10

31.10

1.00

42.40

1.24

AND

32.30

33.00

0.70

29.70

0.87

BGM-16-333

38.70

39.40

0.70

40.80

1.19

BGM-16-334

114.50

116.00

1.50

7.01

0.20

INCLUDING

115.30

116.00

0.70

10.00

0.29

BGM-16-335

25.46

26.85

1.39

16.52

0.48

INCLUDING

25.46

26.00

0.54

38.50

1.12

BGM-16-335

37.55

38.80

1.25

9.42

0.27

BGM-16-335

56.60

64.00

7.40

4.88

0.14

INCLUDING

59.00

64.00

5.00

6.58

0.19

INCLUDING

59.00

60.00

1.00

9.62

0.28

AND

62.55

64.00

1.45

15.20

0.44

BGM-16-335

90.65

92.00

1.35

7.34

0.21

BGM-16-336

33.10

34.00

0.90

78.70

2.30

BGM-16-336

83.30

83.80

0.50

22.60

0.66

BGM-16-336

92.00

93.00

1.00

16.70

0.49

BGM-16-336

106.00

107.50

1.50

7.46

0.22

BGM-16-337

38.45

38.95

0.50

33.20

0.97

BGM-16-337

52.90

53.75

0.85

27.20

0.79

BGM-16-337

66.40

74.40

8.00

7.60

0.22

INCLUDING

66.40

67.55

1.15

29.40

0.86

AND

73.05

74.40

1.35

13.00

0.38

BGM-16-338

52.00

59.00

7.00

2.64

0.08

BGM-16-338

55.60

56.60

1.00

7.31

0.21

BGM-16-338

139.30

140.00

0.70

10.60

0.31

BGM-16-339

NSA

BGM-16-340

261.90

271.90

10.00

5.70

0.17

INCLUDING

268.50

271.90

3.40

12.70

0.37

AND

268.50

269.00

0.50

30.30

0.88

AND

269.00

269.50

0.50

18.50

0.54

AND

270.25

270.90

0.65

15.40

0.45

AND

271.40

271.90

0.50

14.70

0.43

BGM-16-341

116.40

117.10

0.70

26.40

0.77

BGM-16-341

122.00

122.50

0.50

8.90

0.26

BGM-16-341

160.60

161.10

0.50

20.50

0.60

BGM-16-341

246.00

246.50

0.50

11.40

0.33

BGM-16-341

265.50

266.50

1.00

10.30

0.30

BGM-16-342

53.25

53.90

0.65

12.80

0.37

BGM-16-343

NSA

BGM-16-344

ABANDONED

BGM-16-345

99.40

100.20

0.80

14.80

0.43

BGM-16-345

194.00

195.50

1.50

16.30

0.48

BGM-16-346

ABANDONED

BGM-16-347

89.45

92.00

2.55

119.69

3.49

INCLUDING

89.45

90.85

1.40

216.93

6.33

INCLUDING

89.45

90.35

0.90

317.00

9.25

AND

90.35

90.85

0.50

36.80

1.07

BGM-16-348

83.80

84.60

0.80

9.31

0.27

BGM-16-349

171.50

177.40

5.90

21.41

0.62

INCLUDING

171.50

173.00

1.50

50.90

1.48

AND

176.70

177.40

0.70

71.10

2.07

BGM-16-350

121.00

121.50

0.50

33.20

0.97

BGM-16-350

125.00

126.25

1.25

12.50

0.36

BGM-16-351

162.90

164.00

1.10

10.40

0.30

BGM-16-352

75.00

80.00

5.00

28.45

0.83

INCLUDING

75.50

78.50

3.00

44.05

1.28

INCLUDING

75.50

77.00

1.50

43.50

1.27

AND

77.00

78.50

1.50

44.60

1.30

BGM-16-353

281.90

282.90

1.00

12.60

0.37

BGM-16-354

ABANDONED

BGM-16-355

119.35

119.90

0.55

41.40

1.21

BGM-16-356

NSA

BGM-16-357

115.40

116.30

0.90

10.00

0.29

BGM-16-357

137.30

137.85

0.55

54.30

1.58

BGM-16-358

66.00

67.50

1.50

42.90

1.25

BGM-16-359

51.40

52.00

0.60

9.80

0.29

BGM-16-359

93.50

95.45

1.95

13.52

0.39

INCLUDING

94.75

95.45

0.70

28.20

0.82

BGM-16-359

114.50

116.00

1.50

13.50

0.39

BGM-16-359

123.15

124.40

1.25

210.00

6.13

BGM-16-359

146.30

147.60

1.30

9.08

0.26

BGM-16-359

168.45

176.50

8.05

22.84

0.67

INCLUDING

168.45

171.10

2.65

53.57

1.56

INCLUDING

168.45

169.90

1.45

66.20

1.93

AND

169.90

171.10

1.20

38.30

1.12

BGM-16-360

112.80

113.50

0.70

6.70

0.20

BGM-16-360

119.65

120.20

0.55

11.30

0.33

BGM-16-361

203.00

206.50

3.50

8.96

0.26

INCLUDING

204.00

205.00

1.00

24.60

0.72

BGM-16-361

242.30

255.00

12.70

6.46

0.19

INCLUDING

250.30

252.70

2.40

20.94

0.61

INCLUDING

250.30

251.00

0.70

20.20

0.59

AND

252.00

252.70

0.70

47.50

1.39

Notes:

(1) Core lengths represent 50-75% true widths. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. Conversion factor: 1.0 oz/t = 34.2857 g/t. (2) NSA – No Significant Assays. Table 2: Drillhole Collar Orientations

HOLE-ID

AZIMUTH

DIP

HOLE-ID

AZIMUTH

DIP

HOLE-ID

AZIMUTH

DIP

BGM-16-261

175.7

-45.1

BGM-16-295

167.7

-60.0

BGM-16-329

167.9

-69.9

BGM-16-262

175.0

-65.1

BGM-16-296

172.3

-46.0

BGM-16-330

352.0

-49.6

BGM-16-263

177.0

-45.0

BGM-16-297

175.5

-44.8

BGM-16-331

351.1

-69.5

BGM-16-264

177.9

-64.1

BGM-16-298

174.1

-59.9

BGM-16-332

172.8

-43.7

BGM-16-265

175.6

-44.8

BGM-16-299

175.5

-70.0

BGM-16-333

169.6

-57.3

BGM-16-266

175.9

-64.8

BGM-16-300

171.3

-60.0

BGM-16-334

168.5

-71.5

BGM-16-267

176.0

-46.0

BGM-16-301

168.1

-70.2

BGM-16-335

171.2

-45.5

BGM-16-268

172.9

-60.0

BGM-16-302

169.6

-45.5

BGM-16-336

168.5

-45.0

BGM-16-269

173.0

-70.0

BGM-16-303

173.4

-60.0

BGM-16-337

166.3

-56.4

BGM-16-270

176.7

-50.4

BGM-16-304

174.7

-70.1

BGM-16-338

166.2

-68.7

BGM-16-271

178.0

-59.9

BGM-16-305

173.2

-44.5

BGM-16-339

171.0

-46.3

BGM-16-272

176.1

-60.3

BGM-16-306

173.6

-60.4

BGM-16-340

170.8

-60.9

BGM-16-273

174.3

-49.1

BGM-16-307

173.8

-70.0

BGM-16-341

169.0

-69.8

BGM-16-274

171.2

-69.6

BGM-16-308

174.9

-44.9

BGM-16-342

172.1

-44.8

BGM-16-275

178.5

-45.0

BGM-16-309

175.7

-59.2

BGM-16-343

166.0

-72.6

BGM-16-276

177.0

-59.6

BGM-16-310

174.3

-71.6

BGM-16-344

137.3

-44.6

BGM-16-277

174.0

-69.9

BGM-16-311

172.8

-45.3

BGM-16-345

135.5

-44.5

BGM-16-278

176.7

-70.2

BGM-16-312

175.7

-59.3

BGM-16-346

162.6

-44.7

BGM-16-279

173.9

-44.7

BGM-16-313

175.1

-66.1

BGM-16-347

166.3

-45.0

BGM-16-280

171.9

-64.9

BGM-16-314

169.7

-45.0

BGM-16-348

163.9

-44.0

BGM-16-281

166.8

-45.8

BGM-16-315

166.2

-68.6

BGM-16-349

127.5

-54.9

BGM-16-282

169.2

-46.0

BGM-16-316

358.9

-48.3

BGM-16-350

163.4

-60.2

BGM-16-283

175.4

-46.2

BGM-16-317

173.1

-45.4

BGM-16-351

161.7

-70.3

BGM-16-284

176.8

-60.0

BGM-16-318

132.0

-45.1

BGM-16-352

172.6

-45.4

BGM-16-285

175.8

-69.5

BGM-16-319

135.5

-65.7

BGM-16-353

173.0

-59.0

BGM-16-286

173.8

-48.0

BGM-16-320

170.6

-45.6

BGM-16-354

170.7

-69.8

BGM-16-287

174.5

-44.8

BGM-16-321

129.8

-52.5

BGM-16-355

178.6

-43.9

BGM-16-288

174.8

-59.9

BGM-16-322

129.7

-59.6

BGM-16-356

177.4

-59.2

BGM-16-289

176.1

-69.2

BGM-16-323

169.4

-60.1

BGM-16-357

356.5

-65.3

BGM-16-290

171.4

-44.8

BGM-16-324

168.4

-45.4

BGM-16-358

174.3

-45.1

BGM-16-291

174.1

-45.1

BGM-16-325

168.7

-59.7

BGM-16-359

175.8

-60.5

BGM-16-292

177.8

-61.0

BGM-16-326

166.8

-70.9

BGM-16-360

176.4

-70.5

BGM-16-293

173.0

-69.6

BGM-16-327

168.1

-53.8

BGM-16-361

168.6

-69.6

BGM-16-294

169.6

-45.1

BGM-16-328

169.1

-65.0



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From: howestreetbull7/6/2016 9:00:59 AM
   of 127
 
BGM.v BGMZF Obradovich Out Lodder In as Pres and CEO
Barkerville Gold Mines Provides Corporate Update

TORONTO, ON / TheNewswire / July 6th, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “Barkerville”) announces that the Board of Directors has appointed Chris Lodder as President and Chief Executive Officer of the Company effective immediately. Tom Obradovich has resigned as Chief Executive Officer as of the effective date but will continue to be an active member of the Board of Directors and will continue to provide technical services to the Company as a consultant on a number of strategic initiatives. Mr. Lodder has been a director of the Company since July 2015 and was appointed President in February 2016. In connection with his appointment, Mr. Lodder has been granted a further 600,000 stock options.

Greg Gibson, Co-Chairman commented, “The Board would like to thank Tom for his outstanding achievements as CEO of the Company. He has played a leading role in transitioning the Company through a difficult financial time at the end of 2014, raising critical finances, building a mutually beneficial relationship with the Lhtako First Nation, evolving the Company’s technology and assisting in consolidating the Company’s increasing land package in the Cariboo Mining District. The Company today is well financed, has a strong management team and Board, and is well on its’ way to demonstrating the significant value and exploration potential for gold mining in the Cariboo Region. We are most grateful that Tom will remain on the Board of Directors and his continued guidance as a consultant will be extremely valuable to Barkerville Gold Mines. The Company’s focus, objectives and operational strategy will not change.

Company Business Objectives:
Barkerville reiterates the parallel business objectives laid out in the Company’s news release dated
21 April 2016:
Primary Objective: Discover and define a resource and reserve base in the Cariboo Gold Camp that justifies the development of a low impact, economic, near site mining and processing facility and continue to develop a robust pipeline of exploration targets in order to ensure a long life mining operation.
Secondary Objective: BGM is aiming to complete underground mining of the Bonanza Ledge deposit and nearby mineralization hosted in the BC Vein. Mineral processing will be conducted at BGM’s 100% owned 800 TPD QR mill facility located approximately 110 kilometers by road from the Bonanza Ledge site. It is estimated that there is sufficient gold mineralization within the present permit area and tailings capacity at QR to continue mining and processing activities for more than three years. The mining operation will assist in offsetting some of the costs related to the aforementioned objective and also provide the Company’s mining team valuable information with respect to mining conditions and operating parameters in the areas of principal exploration and mining.
Exploration Update:
Throughout 2015 and 2016, the ongoing exploration program on Cow and Barkerville Mountains consisted of 71,000 meters of core drilling to date. This work is complemented with geologic modeling, historic data validation and re-logging of historical drill core. This exploration program will eventually result in a resource statement for Cow Mountain, BC Vein and potentially other targets, which would become publicly available Q1 2017.
The exploration program is also focusing on Island Mountain where mapping and sampling of accessible parts of historic underground workings are underway. This work will complement historic drill and mine data compilation and lead to an initial Phase I drill program. Drill permitting of Island Mountain is in progress and the Phase I program is estimated to begin in Q4 2016.
A large-scale regional exploration program was initiated in June 2016 to assess the greater potential of the largely unexplored 60 kilometer long Cariboo Gold Trend. From the time when the Cariboo Gold Project lands were consolidated to the present state by previous management, the overwhelming majority of exploration expenditures have been focused within the six kilometer corridor encompassing Island, Cow and Barkerville Mountains. In spite of the abundance of historical mineral and placer gold occurrences outside of this known area, a larger systematic exploration program has never been undertaken (refer to Figure 1 below). As such, a geologic mapping, rock and soil sampling program along these trends of known occurrences to the southeast and northwest of present drilling areas is being performed to generate new targets that will be ranked for a Phase I regional drilling program beginning Q4 2016. In parallel with the regional ground program, a 20,000 line kilometer airborne magnetic and electromagnetic VTEM survey is continuing with completion expected near the end of July 2016. This geophysical work will supplement the ongoing exploration activities by defining geophysical signatures for targeting additional mineralization.
Qualified Persons
As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo.
Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

For further information on Barkerville Gold Mines Ltd. please contact:
Chris Lodder
President & Chief Executive Officer
Suite 400-365 Bay Street
Toronto, Ontario, Canada
clodder@barkervillegold.com

About Barkerville Gold Mines Ltd.
The company is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. BGM's mineral tenures cover 1,164 square kilometres along a strike length of 60 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by BGM in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of ore milled producing 25,464 ounces of gold. BGM has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.


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From: howestreetbull8/9/2016 12:11:04 PM
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BGM.v Barkerville Gold Mines Intersects 11.82 G/T (0.34 OZ/T) Au Over 10.10 Metres Including 68.80 G/T (2.01 OZ/T) Au Over 1.30 Metres In Cow Mountain Phase I DrillingVancouver, BC / TheNewswire / August 3, 2016 – Barkerville Gold Mines Ltd. (TSXV: BGM) (the “Company” or “BGM”) is pleased to announce results from the ongoing Phase I exploration and category conversion drilling program on Cow Mountain at the Company’s flagship Cariboo Gold Project (CGP). The results of these drill holes are presented in Table 1. A drill hole location plan map and longitudinal section are offered at the end of this release.

Drilling Highlights:

-BGM-16-366: 16.97 g/t (0.49 oz/t) Au over 2.70 metres including 87.60 g/t (2.56 oz/t) Au over 0.50 metres

-BGM-16-367: 8.70 g/t (0.25 oz/t) Au over 4.50 metres including 20.23 g/t (0.59 oz/t) Au over 1.90 metres including 8.64 g/t (0.25 oz/t) Au over 1.00 metres and 33.10 g/t (0.97 oz/t) Au over 0.90 metres

-BGM-16-369: 20.31 g/t (0.59 oz/t) Au over 5.70 metres including 46.26 g/t (1.35 oz/t) Au over 2.40 metres including 121.50 g/t (3.54 oz/t) Au over 0.80 metres and 12.40 g/t (0.36 oz/t) Au over 1.00 metres

-BGM-16-377: 31.94 g/t (0.93 oz/t) Au over 2.70 metres including 57.33 g/t (1.67 oz/t) Au over 1.50 metres including 21.40 g/t (0.62 oz/t) Au over 0.5 metres and 75.30 g/t (2.20 oz/t) Au over 1.00 metres

-BGM-16-380: 11.82 g/t (0.34 oz/t) Au over 10.10 metres including 9.45 g/t (0.28 oz/t) Au over 1.00 metres and 68.80 g/t (2.01 oz/t) Au over 1.30 metres

-BGM-16-385: 10.98 g/t (0.32 oz/t) Au over 5.50 metres including 33.53 g/t (0.98 oz/t) Au over 1.70 metres including 12.85 g/t (0.37 oz/t) Au over 0.85 metres and 54.20 g/t (1.58 oz/t) Au over 0.85 metres

-BGM-16-400: 13.15 g/t (0.38 oz/t) Au over 4.25 metres including 43.20 g/t (1.26 oz/t) Au over 1.20 metres

*Note: Reported core lengths represent 50-75% true widths.

Phase I Drilling

The ongoing 30,000 metre Phase I drilling program at Cow Mountain is currently optimizing inferred gold mineralization within a conceptual open pit. As per the updated 2015 Cow Mountain resource estimate performed by Snowden Mining Industry Consultants (Snowden), of Vancouver, British Columbia (refer to Company News Release dated March 31, 2015), drilling by previous operators from 1938-1981 was classified as inferred mineralization because of lessened data confidence and was not simply a function of wider drill hole spacing. The BGM Phase I program is explicitly targeting these areas by replacing the historical gold intersections with modern drilling that conforms to CIM best practices and QAQC procedures. Based upon the Phase I drilling results to date, there has been excellent correlation between the historic mineralized intervals and the new 2016 Phase I drilling.

“These latest drill results along with ongoing mapping, underground sampling, geologic modeling and historic data validation, continue to add positively to our confidence level of the Cow Mountain gold mineralization,” commented Chris Lodder, President and CEO of BGM. “After completion of this drilling program the rigs will be moved to begin drilling on Island Mountain and thus allow us to analyze the drill data and begin planning the next work program on Cow Mountain. We expect to have a resource statement for all exploration targets sometime in 2017.”

Qualified Persons

Exploration activities at the Cariboo Gold Project are jointly administered on site by the Company’s Project Managers, Maggie Layman, P.Geo. and Wanda Carter, P.Geo. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by
Paul Geddes, P.Geo, Vice President Exploration.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 5ppb and upper limit of 10,000ppb. Samples with gold assays greater than 10,000ppb are re-analyzed using 50g fire assay with gravimetric finish, as well as 1,000g screen metallic fire assay. Samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

For further information on Barkerville Gold Mines Ltd. please contact:

Chris Lodder

President & Chief Executive Officer

Suite 400-365 Bay Street

Toronto, Ontario, Canada

clodder@barkervillegold.com

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive land package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s mineral tenures cover 1,164 square kilometres along a strike length of 60 kilometres which includes several past producing hard rock mines of the historic Barkerville Gold Mining Camp near the town of Wells, British Columbia. The QR Project, located approximately 110 kilometres by highway and all weather road from Wells was acquired by Barkerville in 2010 and boasts a fully permitted 900 tonne/day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of ore milled producing 25,464 ounces of gold. The Company has completed a number of drilling and exploration programs over the past 20 years and is currently compiling this data with all historical information in order develop geologic models which will assist new management and provide the framework to continue to explore the Cariboo Gold Project. An extensive drill program is currently underway with the goal of delineating additional high grade gold mineralization.

Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Table 1: Length weighted gold composites for drill holes BGM-16-362 through BGM-16-400:

HOLE-ID

FROM (M)

TO (M)

CORE LENGTH (M)

AU (G/T)

AU (OZ/T)

BGM-16-362

67.00

68.10

1.10

38.88

1.13

INCL

67.00

67.65

0.65

55.20

1.61

AND

67.65

68.10

0.45

15.30

0.45

BGM-16-362

89.50

90.00

0.50

6.10

0.18

BGM-16-363

6.61

8.00

1.39

6.52

0.19

BGM-16-363

85.50

86.00

0.50

7.58

0.22

BGM-16-364

10.50

23.10

12.60

1.17

0.03

BGM-16-365

27.15

28.35

1.20

60.80

1.77

BGM-16-366

154.50

157.20

2.70

16.97

0.49

INCL

155.20

155.70

0.50

87.60

2.56

BGM-16-367

46.50

51.00

4.50

8.70

0.25

INCL

48.00

49.90

1.90

20.23

0.59

INCL

48.00

49.00

1.00

8.64

0.25

AND

49.00

49.90

0.90

33.10

0.97

BGM-16-367

58.00

59.00

1.00

14.20

0.41

BGM-16-368

NSA

BGM-16-369

59.00

64.70

5.70

20.31

0.59

INCL

59.00

61.40

2.40

46.26

1.35

INCL

59.00

59.80

0.80

121.50

3.54

AND

60.40

61.40

1.00

12.40

0.36

BGM-16-370

24.00

25.50

1.50

2.66

0.08

BGM-16-371

50.65

54.50

3.85

5.60

0.16

INCL

51.15

51.85

0.70

7.45

0.22

AND

54.00

54.50

0.50

26.60

0.78

BGM-16-372

44.90

46.00

1.10

9.08

0.26

BGM-16-373

PENDING

BGM-16-374

32.00

33.80

1.80

14.63

0.43

INCL

32.00

33.00

1.00

16.50

0.48

AND

33.00

33.80

0.80

12.30

0.36

BGM-16-374

52.50

53.10

0.60

19.50

0.57

BGM-16-374

63.50

65.00

1.50

6.32

0.18

BGM-16-375

38.50

39.70

1.20

3.39

0.10

BGM-16-376

11.00

12.00

1.00

8.18

0.24

BGM-16-377

62.30

65.00

2.70

31.94

0.93

INCL

62.30

63.80

1.50

57.33

1.67

INCL

62.30

62.80

0.50

21.40

0.62

AND

62.80

63.80

1.00

75.30

2.20

BGM-16-378

NSA

BGM-16-379

14.50

15.20

0.70

6.68

0.19

BGM-16-379

32.45

34.60

2.15

8.31

0.24

INCL

32.45

33.10

0.65

25.00

0.73

BGM-16-379

58.60

59.55

0.95

11.20

0.33

BGM-16-379

71.40

72.90

1.50

31.00

0.90

BGM-16-380

37.50

47.60

10.10

11.82

0.34

INCL

37.50

38.50

1.00

9.45

0.28

AND

46.30

47.60

1.30

68.80

2.01

BGM-16-381

69.00

72.00

3.00

8.45

0.25

INCL

69.00

69.80

0.80

20.70

0.60

AND

69.80

70.60

0.80

10.25

0.30

BGM-16-382

NSA

BGM-16-382

NSA

BGM-16-383

14.10

15.00

0.90

7.42

0.22

BGM-16-383

49.35

50.00

0.65

12.30

0.36

BGM-16-383

54.00

55.50

1.50

12.65

0.37

BGM-16-384

NSA

BGM-16-385

54.50

60.00

5.50

10.98

0.32

INCL

55.35

57.05

1.70

33.53

0.98

INCL

55.35

56.20

0.85

12.85

0.37

AND

56.20

57.05

0.85

54.20

1.58

BGM-16-386

41.00

44.25

3.25

13.29

0.39

INCL

42.40

43.00

0.60

34.70

1.01

AND

43.00

44.25

1.25

13.00

0.38

BGM-16-386

60.30

61.70

1.40

5.54

0.16

BGM-16-387

PENDING

BGM-16-388

PENDING

BGM-16-389

57.40

58.00

0.60

14.85

0.43

BGM-16-389

57.40

58.00

0.60

14.85

0.43

BGM-16-389

68.57

69.10

0.53

17.20

0.50

BGM-16-389

68.57

69.10

0.53

17.20

0.50

BGM-16-389

70.55

71.05

0.50

11.15

0.33

BGM-16-389

70.55

71.05

0.50

11.15

0.33

BGM-16-389

76.90

77.35

0.45

6.01

0.18

BGM-16-389

76.90

77.35

0.45

6.01

0.18

BGM-16-390

NSA

BGM-16-391

ABANDONED

BGM-16-392

NSA

BGM-16-393

NSA

BGM-16-394

25.00

26.00

1.00

6.63

0.19

BGM-16-394

41.67

42.50

0.83

13.55

0.40

BGM-16-394

79.52

80.35

0.83

5.58

0.16

BGM-16-394

93.85

94.72

0.87

5.18

0.15

BGM-16-394

105.50

106.15

0.65

7.55

0.22

BGM-16-395

NSA

BGM-16-396

48.15

49.00

0.85

16.25

0.47

BGM-16-397

47.00

48.00

1.00

23.50

0.69

BGM-16-397

115.00

116.00

1.00

18.00

0.53

BGM-16-398

53.50

54.00

0.50

15.70

0.46

BGM-16-399

47.60

48.12

0.52

11.75

0.34

BGM-16-399

50.35

51.10

0.75

6.49

0.19

BGM-16-399

52.20

53.00

0.80

34.70

1.01

BGM-16-400

31.75

36.00

4.25

13.15

0.38

INCL

31.75

32.95

1.20

43.20

1.26

Notes:

*Core lengths represent 50-75% true widths. Rock not recovered by drilling was assigned zero grade and not included in the composites. Top cuts have not been applied to high grade assays. Conversion factor: 1.0 oz/t = 34.2857 g/t. NSA – No Significant Assays.

Table 2: Drill hole Collar Orientations

HOLE-ID

AZIMUTH

DIP

HOLE-ID

AZIMUTH

DIP

BGM-16-362

137.3

-46

BGM-16-381

328.3

-43.6

BGM-16-363

139.3

-71

BGM-16-382

321.9

-69.3

BGM-16-364

136.3

-48.7

BGM-16-383

137.2

-61.9

BGM-16-365

140.5

-68.5

BGM-16-384

143

-59.5

BGM-16-366

138.4

-64.5

BGM-16-385

138.2

-65.2

BGM-16-367

138.7

-55.5

BGM-16-386

137.8

-64.5

BGM-16-368

149.2

-77.9

BGM-16-387

139.6

-61.8

BGM-16-369

143.1

-61.9

BGM-16-389

139.9

-69.4

BGM-16-370

134.8

-45.6

BGM-16-390

142.6

-68.3

BGM-16-371

324

-66.2

BGM-16-391

138.2

-58.7

BGM-16-372

132.2

-66.8

BGM-16-392

138.6

-66.7

BGM-16-373

321.6

-67.4

BGM-16-393

134.7

-45.8

BGM-16-374

133.8

-67

BGM-16-394

137.9

-71.1

BGM-16-375

137.2

-69.1

BGM-16-395

320.6

-81

BGM-16-376

143.1

-50

BGM-16-396

148

-55.3

BGM-16-377

327.9

-45.5

BGM-16-397

137

-68.7

BGM-16-378

323.1

-59.7

BGM-16-398

135.7

-67.6

BGM-16-379

143.9

-56.3

BGM-16-399

137.8

-67.2

BGM-16-380

140.4

-71

BGM-16-400

133.6

-65


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