BCGold Corp.

BCGold Corp.

January 11, 2011 08:40 ET

BCGold Corp. Appoints Darren O'Brien as Vice President, Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2011) - BCGold Corp. (TSX VENTURE:BCG)(PINK SHEETS:BCGOF) (the "Company") is pleased to announce the appointment of Mr. Darren O'Brien, P.Geo., as Vice President of Exploration. Mr. O'Brien has over 17 years of experience in the mineral exploration industry and was most recently Vice President of Exploration for Terrane Metals Corp., a British Columbia based exploration company recently acquired by Thompson Creek Metals Company Inc. (TSX:TCM, NYSE:TC)

Previously Mr. O'Brien worked for Placer Dome Inc. as Senior Exploration Geologist in the Strategic Development Group. In this position he conducted evaluations on advanced stage projects in Central Asia, Alaska, the Caribbean, and Canada. From 1996 to 2000, Mr. O'Brien played a key role in the development of the Donlin Creek Project in Alaska from an early-stage exploration project to a multi-million ounce gold deposit. He has advanced several projects to positive production decisions, including Pueblo Viejo (Dominican Republic) and Mt. Milligan (British Columbia). From 1993 to 1996, Mr. O'Brien conducted exploration in the Red Lake Camp for Placer Dome Inc., within and adjacent to the Campbell Mine, which is now a part of Goldcorp Inc.'s Red Lake Gold Mines Complex.

"BCGold Corp.'s portfolio of quality exploration assets and option agreements has grown at a steady pace and now requires fulltime stewardship. Mr. O'Brien's strong exploration and development background, in a broad range of copper and gold environs, makes him an excellent candidate to take on this role," states Brian P. Fowler, P.Geo., President and Chief Executive Officer of BCGold Corp. "On behalf of the Board of Directors, it is my pleasure to welcome Mr. O'Brien to BCGold Corp. The Board is very optimistic about the exploration results and opportunities Mr. O'Brien will bring to the Company."

Issuance of Stock Options

The Company's board of directors has approved, subject to regulatory approval, the issuance of an aggregate of 1,960,000 stock options to certain employees and insiders of the Company. Each option will be exercisable to purchase one common share of the Company at a price of $0.15 per share. The options will vest at three-month intervals, over one year, in four equal tranches and will expire five years after the date of issuance.

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on copper and gold exploration in under-explored historic and emerging mining districts in British Columbia and Yukon. BCGold Corp. acquires and develops conceptual, early and mid-stage, exploration opportunities and advances them towards resource development by using internal expertise, engaging preferred joint venture partners, and creating strategic alliances with major exploration and mining companies. Currently, institutional investors hold 29% of the Company's outstanding shares and Kinross Gold Corporation holds 10%.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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