BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

November 15, 2007 08:00 ET

BCGold Corp. Acquires Rain and Witch Properties Near Mt. Milligan Copper Gold Deposit, Central British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 15, 2007) - BCGold Corp. ("BCGold" or "the Company") (TSX VENTURE:BCG) is pleased to announce it has acquired 100% interest in the 986 hectare Rain Properties and the 1,957 hectare Witch Property, neighbouring the Mt. Milligan Cu-Au deposit 155 kilometres northwest of Prince George in central British Columbia, Canada (to see Figure 1 please click on: http://www.ccnmatthews.com/docs/bcg1115fig1.jpg). The properties were acquired through BCGold's generative exploration efforts.

The Rain Properties are situated 5 kilometres south of the Mt. Milligan porphyry copper-gold deposit, which has measured and indicated resources totalling 417.1 million tonnes grading 0.21% Cu and 0.41 g/t Au, or 1.9 billion pounds of contained copper and 5.5 million ounces contained gold (see Terrane Metals Corp. press release dated August 21, 2007). The properties are strategically located within Terrane's Mt. Milligan mineral titles block and are accessed by the main service roads to Mt. Milligan from Fort St. James, B.C.

The Rain Properties were staked subsequent to a review of regional airborne geophysics and assessment reports in the Mt. Milligan area, which indicated the potential for epithermal gold and porphyry-style copper-gold mineralization in an area largely unexplored. One known epithermal gold occurrence (MinFile 093N 205) is located on the property. The area was last worked by BP Minerals Limited in 1988.

The Rain Properties are located on topographic highs underlain by Takla Group volcanics. A government sponsored Mount Milligan Airborne Geophysical Survey (GSC Open File 2535) shows a high potassium and low equivalent thorium/potassium radiometric response in the area of the Rain Properties, suggesting the presence of a broad hydrothermal alteration system possibly associated with a concealed porphyry copper-gold deposit.

The Company also acquired 100% interest in the Witch Property, situated immediately south of Witch Lake and 15 kilometres west of Mt. Milligan. The property was staked over the Witch occurrence locality (MinFile 093-164), encompassing a large (3 by 5 kilometre) irregular alteration system characterized by widespread biotite hornfelsing and patchy, but often strong potassic and propylitic alteration. Volcanic rocks of the Upper Triassic Witch Lake Formation (Takla Group) are intruded by coeval Takla Group intrusive equivalents consisting of crowded plagioclase porphyritic monzonite and monzonite intrusive breccias. The property area has previously been explored for porphyry copper-gold mineralization by Westmin Resources Ltd., Noranda Mining and others in the 1980s. Exploration work consisted of soil geochemistry, ground geophysics, trenching and limited diamond drilling. In 2008 the Company intends to initiate an exploration program on the Rain and Witch Properties which may include ground geophysical and geochemical surveys to define drill targets.

The Rain and Witch Properties acquisition articulates BCGold's generative exploration strategy, focusing on acquiring and advancing conceptual, early and mid-stage, quality exploration opportunities towards resource development utilizing internal expertise and by engaging preferred joint venture partners.

On behalf of the Board of Directors,

Brian P. Fowler, P. Geo., President & CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future payments, expenditures and unit issuances and exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing of future payments, expenditures and unit issuances and the timing and success of future exploration, development and production activities.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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