BCG

BCGold Corp. (the "Company") (TSX VENTURE:BCG) announces that it intends to
complete a non-brokered private placement financing for proceeds of up to $2.4
million by the issuance of up to 8.0 million non-flow-through units ("NFT
Units") priced at $0.10 per NFT Unit and up to 13.3 million flow-through units
("FT Units") priced at $0.12 per FT Unit. 


Each NFT Unit will consist of one common share and one-half of one common share
purchase warrant. Each whole such warrant will entitle the holder to purchase
one additional non-flow-through common share at a price of $0.20 per share for
one year after the date of issuance.


Each FT Unit will consist of one flow-through or one BC super flow-through
common share and one-half of one common share purchase warrant. Each whole such
warrant will entitle the holder to purchase one additional non-flow-through
common share at a price of $0.30 per share for one year after the date of
issuance. 


The Company intends to use the proceeds of the private placement for bulk
sampling, test mining and on-site milling, drilling and other exploration work
on the Engineer Mine Property in British Columbia, generative copper-gold
exploration in British Columbia and Yukon, and for general working capital
purposes.


Finder's fees may be payable in connection with this private placement in cash
or securities of the Company. The private placement is subject to regulatory
approval and all securities issued will be subject to a four-month hold period
from the date of issuance.


Corporate Reorganization

BCGold Corp. also announces that the Company is reviewing alternatives for a
corporate reorganization that may involve a capital restructuring and/or a
spinout of certain of its mineral exploration properties into a new vehicle. The
Company will provide further details relating to such possible corporate
reorganization in due course.


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. The Company 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 12% of
the Company's outstanding shares and Kinross Gold Corporation holds 9%.


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 for the purposes of applicable securities laws. These
statements include, but are not limited to, statements with respect to
contemplated financings, use of proceeds of financings, reorganizations 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, the completion of
reorganizations and the timing and success of future exploration, development
and production activities. In making the forward-looking statements, the Company
has applied several material assumptions including, but not limited to, the
assumptions that: (1) the proposed exploration and development of its mineral
projects will proceed as planned; (2) market fundamentals will result in
sustained metals and minerals prices and (3) any additional financing needed
will be available on reasonable terms. 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.

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