BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

October 21, 2008 09:30 ET

BCGold Corp. Commences Diamond Drill Program on Carmacks Copper-Gold Properties, Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2008) - BCGold Corp. ("BCGold" or the "Company") (TSX VENTURE:BCG) is pleased to announce that diamond drilling has commenced on the Company's WS Property, located adjacent and along trend to Western Copper Corp.'s ("Western Copper") Carmacks Property and Carmacks copper-gold deposits, respectively, in central Yukon. Kluane Drilling Ltd. has been contracted to diamond drill 2,000 metres to test 8 exploration targets along 7 discrete geophysical and geochemical trends defined earlier this season by BCGold (to view Figure 1 please click on: http://media3.marketwire.com/docs/bcg1021.pdf).

BCGold obtained, by way of a previously announced agreement with Western Copper (the "Agreement") (BCGold press release August 12, 2008), select proprietary drill hole and geophysical survey data from Western Copper's Carmacks copper-gold deposits area. Also by way of the Agreement, BCGold conducted an orientation mobile metal ion (MMI™) geochemical survey over Western Copper's Carmacks copper-gold deposits, which trend onto BCGold's WS Property. The information acquired through the Agreement provided BCGold with the advantage of being able to calibrate its WS Property MMI™ and induced polarization (I.P.) survey results and more effectively identify "Carmacks' style" copper-gold mineralization and drill targets.

Previous Exploration

BCGold has been methodically exploring and advancing its wholly-owned Carmacks Copper-Gold Properties since acquisition 2 years ago. In 2007 the Company spent $1.5 million in exploration and outlined 4 "Carmacks' style" copper-oxide deformation zones on BCGold's ICE and WS properties. In 2008 BCGold conducted a comprehensive $800,000, Phase I exploration program on 9 of the 17 properties that compose the Company's Carmacks Copper-Gold Properties. A multitude of new coincidental geochemical and geophysical targets were defined on 6 properties by this work. The Company is drilling the most evident copper-gold targets on the WS Property this fall and intends to drill other newly defined targets on at least 4 more of its Carmacks Copper-Gold Properties in 2009.

South Carmacks Copper-Gold Belt

BCGold is the largest landholder in the Carmacks Copper-Gold Belt. Its 17 Carmacks Copper-Gold Properties are strategically located proximal and adjacent to Sherwood Copper Corp.'s Minto Mine, which commenced commercial production on October 1, 2007, and Western Copper's Carmacks Copper Project, located 52 kilometres to the south of the Minto Mine. On September 15, 2008, the Yukon Government issued a Decision Document agreeing with the recommendation of the Yukon Environmental and Socio-economic Assessment Board ("YESAB") that Western Copper proceed with its Carmacks Copper Project. Western Copper has since applied for a Quartz Mining License which will provide Western Copper with the right to build the Carmacks Copper Mine.

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 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.

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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