BCGold Corp.
TSX VENTURE : BCG

BCGold Corp.

February 28, 2008 08:00 ET

BCGold Corp. Reports High Grade Gold and Silver Assay Results From Shaft Vein Engineer Mine Property, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - BCGold Corp. ("BCGold" or the "Company") (TSX VENTURE:BCG) is pleased to announce that bonanza-grade gold and silver sample assays have been received from the Shaft vein at the Company's historic Engineer Mine property (Figure 1). A select grab sample taken from a narrow vein exposed in the drift back on the 5th Level assayed 860 g/t gold (25.08 oz/ton) and 1,774 g/t silver (51.74 oz/ton). This sample, retrieved from more than 85 metres below any previous development on the Shaft Vein, demonstrates that the Shaft vein hosts bonanza-grade gold and silver at depth. As this vein is largely un-explored and has received minimal historic development, the exploration upside for additional and similar high-grade gold and silver mineralization is excellent. BCGold has an option to earn 100% interest in the Engineer Mine property with no underlying royalties.

The Shaft Vein

On surface, the Shaft vein occurs as a north-northwest striking, steeply dipping, 30 centimetre wide quartz and calcite vein with occasional coarse free gold. This vein mineralogy contrasts significantly with the aforementioned high-grade gold sample obtained from 113 metres below surface at the 5th Level. The sample consists of banded quartz with rare pods of allemontite (a mixture of stib-arsen and arsenic or antimony), electrum and roscoelite (a vanadium mica commonly associated with epithermal gold systems of alkalic affinity). The observed mineralogy of the sample is remarkably similar to the Engineer vein, located 215 metres to the south. The Shaft vein could possibly represent a faulted extension or telescoped counterpart of the Engineer vein. This is significant as most of the past production at Engineer Mine came from the Engineer vein, which was partially mined on 5 levels and remains open to depth.

The Engineer Mine Property

The Engineer Mine property is situated 32 kilometres west of Atlin, B.C. and 140 kilometres south of Whitehorse, Yukon. The mine is a historic high-grade gold producer that reached its zenith in the mid-1920s. More than 560 kg of gold was produced at a realized grade exceeding 39 g/t Au from high-grade epithermal quartz-carbonate veins on 5 mine levels. All veins remain open at depth and no exploration has been conducted deeper than 200 metres below surface.

Shear Zone "A" Bulk-Tonnage Gold Exploration Target

BCGold is currently formulating 2008 exploration plans for Engineer Mine. Work will have a significant diamond drilling component, focusing on the Shear Zone "A", bulk-tonnage gold target. Dewatering of the lower 3 levels will be followed by underground rehabilitation and geological mapping and sampling. Limited test-mining and bulk sampling is being considered on segments of the Engineer, Shaft and Double Decker veins.

Sample Analysis and Quality Control

Rock samples were submitted to Eco-Tech Laboratories Ltd. in Kamloops B.C., an ISO 9001:2000 certified laboratory, for preparation and assay analysis. Samples were analyzed for gold and silver by fire assay with an atomic absorption finish ("FA-AA") on a 30 gram split. Additional analyses included a 28 element package of major and trace elements by ICP Analysis.

Mr. Andrew Brown, M.Sc., P.Geo., Exploration Manager for BCGold Corp. and the Qualified Person for the purposes of National Instrument 43-101, has reviewed the technical content of this news release.

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.

To view Figure 1 please click on the following link: http://media3.marketwire.com/docs/bcg0228.pdf

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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