BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

January 28, 2007 20:24 ET

BCGold Corp. Reorganizes Corporate Structure and Appoints Brian P. Fowler, P.Geo. as President And C.E.O.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 28, 2007) - BCGold Corp. ("BCGold" or "the Company") (TSX VENTURE:BCG) is pleased to announce the appointment of Mr. Brian P. Fowler, P.Geo. as President and Chief Executive Officer. Mr. Fowler is a founding director of BCGold and since October, 2006 has concentrated on the aggressive development of BCGold's quality exploration project portfolio in the role of Vice President. Mr. Fowler will now lead BCGold's management group on a focused and deliberate path of growth through discovery and development. The Board of Directors is also pleased to announce two executive appointments and the addition of two key members to BCGold's management team.

Mr. Brian P. Fowler, P. Geo., takes on the role of President and Chief Executive Officer. Mr. Fowler has over 26 years experience as an explorationist, working for junior, mid-tier and major mining companies on a global basis. Mr. Fowler's expertise includes project generation, evaluations, and management of advanced stage and pre-feasibility exploration projects. Prior to joining BCGold, Mr. Fowler was a Mining Consultant with Quest Capital Corp. in Vancouver, where he identified and evaluated exploration and mining investment opportunities for Quest Capital Corp. and associated companies. During the period May 2004 to November 2005, Mr. Fowler was Exploration Manager for Quadra Mining Ltd., where he oversaw advanced and pre-feasibility exploration projects in Chile and Peru. Prior to this, Mr. Fowler worked in a variety of technical and exploration managerial roles for Placer Dome Inc. based out of Kamloops and Vancouver, B.C. for a period of 13 years.

Mr. Freeman R. Smith, P. Geo., assumes the role of Vice President, Corporate Development. Mr. Smith played an integral role in the listing of BCGold and will continue to cultivate growth and joint venture opportunities for the Company.

Mr. Darren Bahrey will take on the role and responsibilities of Chairman of the Board for the Company. Mr. Bahrey brings a wealth of diversified major and junior company management and exploration expertise to the Board.

The Company is pleased to announce two new appointments, as follows:

Mr. Andrew Brown, P.Geo. M.Sc. will be joining the BCGold Team as Manager, Exploration, and will oversee all aspects of the Company's exploration activities, technical services and generative program. Mr. Brown has 12 years experience working in the mining and exploration industry and has worked for junior, mid-tier and major mining companies on a global basis. Mr. Brown was most recently employed at Bema Gold Corporation, providing mineral resource technical expertise to Bema's exploration and mining operations in Far Eastern Russia, South Africa and North America. Prior to joining Bema Gold in 2004, Mr. Brown served as exploration Project Geologist and later, Mine Geologist, on the team that brought FNX Mining's highly successful McCreedy West Mine from the exploration stage to production over an impressive 14 month period. Mr. Brown has also been involved in advanced and grassroots exploration for WMC International at Meliadine West and for Placer Dome Inc. at Musselwhite, the Timmins camp, Detour Lake Mine and Courageous Lake, NWT. Mr. Brown holds a B.Sc. (Geol.) and a M.Sc. (Geol.) from Laurentian University in Sudbury.

Ms. Sacha C. Fernandes has joined the Team as Manager, Corporate Communications and will direct the Company's marketing and investor communications programs. Most recently Ms. Fernandes held the role of Senior Manager, Customer Marketing at Pivotal Corporation, where she was responsible for driving demand within the customer base and merchandising customer successes. Before that, as Senior Marketing Manager at Oracle Corporation, she launched the E-Leaders program focused on premier Fortune 500 customers. Over the last 10 years Ms. Fernandes has held various marketing management and business development roles in the technology sector in San Francisco and Vancouver.

The Company wishes to inform shareholders that it has developed a formal working relationship with Mr. Al Doherty, P.Geo. of Aurum Geological Consultants Inc. and Mr. Shawn Ryan. Mr. Dougherty is project manager for BCGold Corp's Engineer Mine and Carmacks Copper-Gold Properties, the latter being in close proximity to Sherwood Copper Corp.'s and Western Copper Corporation's Minto and Carmacks copper-gold deposits in Yukon, respectively. Mr. Ryan is a renowned Yukon-based project generator and a key figure in BCGold's generative efforts.

The company has retained the services of G.N. Lustig Consulting Ltd. of Kamloops, B.C. Mr. Gary Lustig, P.Geo will assist the Company in matters of data analysis, geochemistry, project evaluation and generation and QA/QC programs. Mr. Lustig is currently evaluating and making recommendations for BCGold's 2007 exploration programs in the Toodoggone District.

The Company is pleased Equity Engineering Ltd. of Vancouver will continue managing 2007 exploration work on BCGold's Voigtberg project near Galore Creek in northwestern B.C.

Closing Comments

This new corporate structure, key managerial appointments and consultant base will facilitate BCGold's aggressive growth towards becoming a significant project generator and resource-based exploration company. BCGold has a highly prospective and diverse exploration property portfolio in B.C. and Yukon and intends to incur $3 million in exploration expenditures in 2007. The company has two drill-ready porphyry copper-gold targets in the Toodoggone and Galore Creek Districts and intends to spend $1.5 million exploring its Carmacks Copper-Gold Properties in Yukon. At the newly-acquired high-grade Engineer Mine, the Company has initiated a comprehensive data review and in 2007 intends to conduct a multifaceted geological work program directed towards modeling the deposit and identifying additional high-grade and bulk tonnage gold exploration targets.

Corporate Strategy

BCGold Corp. is a new resource-based junior mineral exploration company that believes British Columbia and Yukon hold the most promise for the discovery of significant new precious and base metal deposits, particularly in under-explored historic mining and exploration districts. BCGold acquires and advances conceptual, early and mid-stage, quality exploration opportunities towards resource development, utilizing internal expertise and by joint venture with preferred partners to minimize share dilution and exploration risk.

ON BEHALF OF THE BOARD OF DIRECTORS

Brian P. Fowler, P.Geo., President and Chief Executive Officer

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.

Contact Information

  • BCGold Corp.
    Sacha C. Fernandes
    Manager, Investor Relations
    (604) 646-1581
    or
    BCGold Corp.
    Freeman Smith, P. Geo.
    VP Corporate Development
    (604) 646-1583
    Website: www.bcgoldcorp.com