BCG

BCGold Corp. (TSX VENTURE:BCG) - 

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UNITED STATES


BCGold Corp. (or the "Company") announces a non-brokered private placement of up
to $500,000 through the issuance of 10,000,000 Units at a price of $0.05 per
Unit. Each "Unit" will comprise one common share and one-half of a common share
purchase warrant (a "Warrant"). Each Warrant is exercisable to purchase one
BCGold Corp. common share at a price of $0.10 per share for a period of two
years from the date of the close of the financing (the "Closing"). The Warrants
are subject to an accelerated expiry date, which comes into effect when the
trading price of BCGold Corp. common shares closes at or above $0.20 per share
for twenty consecutive trading days in the period commencing four months after
the Closing. In such an event the Company will give expiry acceleration notice
("Notice") to the Warrant holders and the expiry date of the Warrants will be 30
days from the date of Notice.


The private placement is subject to TSX Venture Exchange approval and all
securities are subject to a four-month hold period. It is anticipated that
officers and directors of the Company will participate in this offering.
Finder's fees will be payable in connection with the private placement, in
accordance with the policies of the TSX Venture Exchange.


Proceeds from this financing will be used for continued scoping studies on the
Engineer Mine project, administration expenses and general working capital. The
Company intends to conduct exploration programs budgeted at $750,000 in 2012,
primarily on the Engineer Mine, Off-White and South Quesnel properties. These
programs will be principally funded by current unspent funds received from the
issuance of Flow Through Shares in 2011.


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 prospect of
discoveries, but is also positioned to offset exploration costs 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 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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