BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

May 05, 2008 13:52 ET

BCGold Completes Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2008) - BCGold Corp. ("BCGold" or the "Company") (TSX VENTURE:BCG) is pleased to announce that it has completed its recently announced non-brokered private placement of 3,000,000 common shares ("Shares") at a price of $0.35 per Share for aggregate gross proceeds of $1,050,000. The securities are subject to a hold period and may not be traded until September 3, 2008 except as permitted by Canadian securities legislation and the TSX Venture Exchange. Additionally, trading of the shares will be pooled with an escrow agent and released in four equal allotments on a quarterly basis, commencing 15 months from the date of issue.

A finder's fee in cash, equal to 6% of the amount placed, is payable by BCGold to Wellington West Capital Markets Inc.

BCGold intends to use the proceeds from the offering to offset general operating, generative exploration and direct project costs in British Columbia.

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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