BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

November 16, 2007 15:38 ET

BCGold Corp. Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2007) - BCGold Corp. ("BCGold" or "the Company") (TSX VENTURE:BCG) wishes to update shareholders on results from the Company's 2007 exploration programs. In 2007, BCGold completed 2 airborne geophysical surveys, 2 geochemical soil surveys, 7 Mobile Metal Ion (MMI) soil surveys, geological mapping, sampling, trenching, 3 diamond drill programs and a combined surface and underground exploration program on 20 of the Company's mineral properties in B.C. and Yukon. Exploration expenditures for 2007 will exceed $3 million.

The Company's ability to maintain timely news flow has been severely curtailed this fall, particularly as it applies to rock and drill core assay results availability. This is primarily the consequence of a vibrant mineral exploration industry and record sample volumes being submitted to commercial assay laboratories for preparation and analysis, resulting in extreme assay "turn-around" delays. Sample assay turn-around time in the recent past was generally 2 weeks, however commercial assay laboratories currently employed by BCGold are experiencing turn-around times in excess of 12 weeks. The Company is still awaiting assay results for diamond drill core submitted for assay as far back as August 24th. This makes it extremely difficult to plan, report results and keep shareholders informed on a timely basis, particularly as it applies to diamond drill programs. The Company fully appreciates our shareholder's patience and understanding in this regard.

An exploration update for the 2007 programs is summarized below.

Voigtberg Property:

BCGold completed its second exploration campaign in as many years this summer on the Voigtberg property, situated in the Galore Creek Camp in north-western British Columbia. BCGold has an option to earn up to a 70% interest in the property from joint venture partner Kaminak Gold Corp. This past summer BCGold completed a $565,000 exploration program at Voigtberg that included a 412 line kilometre airborne geophysical survey, an infill soil geochemical survey and a 4 hole, 587 metre diamond drill program. One hole targeted the western strike extension of the Gold Zone to follow up last year's results from drill hole VGT06-05, which returned a near-surface intercept of 51.15 metres grading 1.03 g/t Au (see BCGold news release dated October 25th, 2006). Another hole targeted the northern limits of the Gold Zone soil geochemical anomaly. The Gold Zone is believed to represent a gold-rich halo located on the periphery of a porphyry copper-molybdenum system. Two drill holes targeted the un-tested North Zone, a coincidental copper-molybdenum soil geochemical and induced polarization chargeability anomaly. The Voigtberg exploration program was supervised by Equity Engineering Ltd. and drill core was submitted to a laboratory in British Columbia for assay on August 24th. Assays results are still pending.

Sickle-Sofia Property:

BCGold completed a $1.1 million geophysics and diamond drilling exploration program on the Sickle-Sofia property in the Toodoggone district this past summer. A total of 1,514 metres in 5 holes were drilled to test the core and fringe areas of a 5.5 square kilometre Induced Polarization (I.P.) geophysical anomaly and peripheral copper-gold-molybdenum soil anomalies. A significant porphyry copper-gold discovery was made at the Sofia Zone, with drill hole BCG07-01 intersecting 47.0 metres that averaged 0.13% copper and 0.08 g/t gold. Drill hole BCG07-03 was drilled 2.6 kilometres to the south along the same I.P. anomaly and intersected significant high-grade, low sulphidation gold mineralization at the Alexandra Zone (BCGold News Release, November 06, 2007). Assay results for the three remaining holes are still outstanding. Drill core was submitted to a laboratory in British Columbia for assay on October 12th.

Carmacks Copper-Gold Properties:

BCGold is in the final stages of a $1.1 million exploration program on its Carmacks Copper-Gold Belt Properties, strategically situated near Sherwood Copper Corporation's Minto Mine and Western Copper Corp.'s Carmacks deposits in central Yukon. The Company has an option to earn a 100% interest in 17 mineral properties totalling 16,274 hectares. Earlier work by BCGold confirmed significant "Carmacks-style" copper oxide and gold mineralization (the ICE Zone) occurs on the Company's ICE claims, situated seven kilometres southward of Western Copper Corporation's Carmacks (Williams Creek) deposits and property. Six rock samples with grades up to 1.83% Cu, 0.25 g/t Au and 1.28% Cu, 0.41 g/t Au were collected from a series of granitic outcrops over a partially exposed strike length of 80 metres.

In July 2007, BCGold commissioned a 3,295 line kilometre combined airborne magnetometer and radiometric survey over the Carmacks Copper-Gold Belt properties. The Company also collected 4,040 soil samples from 7 properties for copper Mobile Metal Ion (MMI) analysis. BCGold's MMI® geochemical survey on the Company's WS Claims, immediately south of Western Copper Corporation's Carmacks property clearly defines an anomalous copper-in-soils "corridor" consisting of a number of large copper anomalies that appear to be the surface expression and extension of the Carmacks Copper-Gold Trend. This corridor measures up to 1 kilometre wide and can be traced southeast-ward for 4 kilometres. The southern terminus appears to be a narrow, north-trending magnetic low, possibly representing a fault structure that appears to juxtapose the corridor northward for approximately 1.5 kilometres. East of this north-trending linear break the anomalous WS copper anomaly trend can be traced for another 3 kilometres to the end of BCGold's survey coverage area and remains open.

In late August 2007, the Company completed a 7 hole, 1,360 metre diamond drill program targeting the ICE Zone and the WS Central Area MMI copper anomaly. Drill core was submitted to a laboratory in British Columbia for assay on September 24th and assay results are still pending.

Engineer Mine Property:

Exploration work continues on BCGold's Engineer Mine Property, an historical high-grade gold producer situated near Atlin B.C. The Company has an option to earn 100% interest in the property and anticipates spending up to $250,000 in exploration this year. BCGold's 2007 field program encompassed a comprehensive geological overview, rock sampling, re-logging of select drill core, limited dewatering and underground rehabilitation and underground mapping and sampling of the 5 Level workings. BCGold is currently compiling and digitizing historic geological, sampling and survey data. The objective of this work is to obtain the information required to develop a geological and alteration model to be used for resource estimation purposes and the identification of additional high-grade and bulk-tonnage gold exploration drill targets. Assay results are pending and a final report is expected by the end of November.

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on base and precious metal exploration in under-explored historic mining and exploration districts in British Columbia and Yukon. BCGold acquires and advances 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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