BCGold Corp.
TSX VENTURE : BCG
PINKSHEETS : BCGOF

BCGold Corp.

June 21, 2012 08:40 ET

BCGold Corp. Commences Exploration Programs on Six Properties in B.C. and Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2012) - (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) - BCGold Corp. (or the "Company") is pleased to announce that work crews have mobilized to the Company's South Quesnel properties in south-central B.C. and the WS and Off-White Gold properties in Yukon. The combined exploration budget for these projects is $200,000, which will be funded by current unspent funds received from the issuance of flow-through common shares in 2011. Work crews will be active on the properties until late August.

South Quesnel Properties, B.C.

Infill mobile metal ion ("MMI") soil sampling surveys were recently completed on four of the Company's 100%-owned South Quesnel properties, including the Rayfield, Clear Range, Dartt Lake and Lauder Creek properties. The soil sampling surveys were designed to infill and further delineate copper-gold soil anomalies discovered during BCGold Corp.'s 2010 generative exploration campaign. All four properties are road accessible and contain loosely defined copper-gold soil anomalies believed to represent buried porphyry-style deposits. Work crews completed tightly spaced infill soil sampling to advance the anomalies to the drill-ready stage.

In 2010 and 2011 BCGold Corp. staked nine properties in the South Quesnel region of south central B.C., targeting blind porphyry copper-gold deposits in a region covered by blankets of post mineralization Tertiary volcanic flows and/or thick layers of glacial sand and gravel deposits. The properties overlay a number of coincident geochemical and geophysical anomalies identified in Geoscience BC's QUEST-South dataset. As a preliminary evaluation the Company conducted grid-scale MMI soil surveys on the properties in 2011, which outlined four copper-gold soil anomalies. The four anomalies are open in all directions and are the focus of the 2012 follow-up exploration work.

The Bonaparte, Caribou, Bridge Lake, and Trapp Lake properties were allowed to lapse due to unfavourable preliminary results.

WS Property, Minto-Carmacks Belt, Yukon

A tightly spaced soil and biogeochemical orientation survey has commenced on the WS property, which is adjacent to Copper North Mining Corp.'s advanced staged Carmacks Copper Project. The orientation survey is being conducted where previous drilling by BCGold Corp. successfully intersected the extent of Zone '14' of the Carmacks Copper deposit. BCGold Corp.'s drill hole WS08-09B intersected 63.1 metres averaging 0.17% Cu, containing 23.6 metres averaging 0.34% Cu (see www.bcgoldcorp.com). The ongoing orientation survey is designed to test alternative geochemical methods to enhance results of previous MMI soil sampling programs and to refine drill targets along a 2-kilometre long linear induced-polarity ("IP") geophysical anomaly associated with Zone '14'.

BCGold Corp. owns 100% of 16 properties (15,925 hectares) strategically situated in the Minto-Carmacks Copper-Gold Belt. The properties are located proximal and adjacent to Capstone Mining Corp.'s Minto Mine, which is currently in production, and Copper North Mining Corp.'s Carmacks Copper Project, which is in the advanced mine permitting stage. BCGold Corp. has collected over 8,500 MMI soil samples on its WS and other Minto-Carmacks properties and has defined numerous drill-ready, coincidental copper-gold geochemical and IP / magnetic geophysical targets.

Off-White Gold Property, Tintina Trench, Yukon

Geological mapping, prospecting, and soil sampling at the Off-White Gold property will commence by the end of June. This exploration program is designed to investigate the potential bedrock source for coarse-grained, angular gold nuggets discovered in local placer mine workings, where approximately 455 ounces of gold were mined by the property vendor.

Microscopic studies of the recovered nuggets defined a sizable sub-population of coarse-grained, angular nuggets, which is highly suggestive of a nearby bedrock source. BCGold Corp. believes the source of the gold is related to an underlying, Tombstone-style intrusive related gold system situated within the Tintina Trench (See www.bcgoldcorp.com).

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is focused primarily on gold exploration and development 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. Currently, institutional investors hold 21% of the Company's outstanding shares and Kinross Gold Corporation holds 5%.

BCGold Corp. is unique in that it not only exposes investors to the prospects of new discoveries, but is also positioned to offset exploration costs and minimize dilutive share issuances for capital by monetizing forward selling gold concentrate recovered from on-site processing of bulk sample material at the Company's high-grade gold Engineer Mine property. Efforts to engage a suitable partner and terms for the forward sale of gravity gold concentrate are on-going.

On behalf of the Board of Directors,

Brian P. Fowler, P. Geo., President & CEO

Some statements in this news release contain forward-looking information or forward-looking statements. These statements include, but are not limited to, statements with respect to future expenditures 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 and completion of contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success of future exploration, development and production activities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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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