- BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) (or the "Company") is pleased
to announce that it has entered into a concentrate purchase agreement (the
"Purchase Agreement") with Auramet Trading, LLC ("Auramet"), a New Jersey-based
precious metals merchant, to facilitate the sale of approximately 0.8 dry metric
tonnes (dmt) of gold-rich gravity concentrate produced during bulk sampling at
the Engineer Mine in 2011. Auramet has arranged a secondary agreement between
BCGold Corp. and Sipi Metals Corp. ("SiPi"), a precious metal refinery situated
in Chicago, Illinois, with respect to refining terms and treatment charges for
the recovery of gold and silver from the concentrate.


"This is an important milestone for BCGold Corp.," states Brian P. Fowler,
President and CEO of the Company. "We have demonstrated that we can produce a
marketable gold-rich concentrate while continuing to explore and advance the
Engineer Mine property. The proceeds from this sale will be used to supplement
our 2012 Engineer Mine exploration budget. Our efforts to forward sell
substantially larger lots of gold concentrate to a suitable buyer are ongoing;
the proceeds of such sales would be used to provide for mining and milling
capital requirements and to finance continued exploration drilling to increase
the mineral resource at Engineer Mine."


Terms of Sale

The Purchase Agreement provides for the Company to sell 100% of the total gold
and silver content in its concentrate to Auramet using a flexible and
comprehensive pricing and payment facility. This includes spot, pre/forward, and
option pricing mechanisms, and spot, forward, and in-process basis payment
mechanisms. The Company will select the appropriate mechanisms once initial
confirmation sampling is completed by SiPi. 


BCGold Corp.'s gold-rich concentrate is currently in transit to the Sipi
refinery in Chicago and the Company expects payment prior to the start of the
2012 exploration and development program at the Engineer Mine.


About the Engineer Mine

BCGold Corp. has a 75% interest in the Engineer Mine property, with an option to
earn a 100% interest. Engineer Mine was a high-grade gold producer that came to
peak production in the mid-1920s and ceased operation in the early 1930s. More
than 560 kg (18,000 oz) of gold and 278 kg (8,950 oz) of silver were officially
produced at realized grades exceeding 39 g/t Au and 20 g/t Ag, from high-grade
epithermal quartz-carbonate veins on six of eight mine levels.


There are two large shear zones and more than 25 known veins on the property;
only four veins have undergone limited production and exploration to date. All
shear zones and veins remain open at depth and little exploration has been
conducted deeper than 200 metres below surface. 


About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) is a Vancouver-based junior
resource company focused on copper and 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 by
using internal expertise, engaging preferred joint venture partners, and
creating strategic alliances with major exploration and mining companies.
Currently, institutional investors hold 21% of the Company's outstanding shares
and Kinross Gold Corporation holds 5%.


BCGold Corp. is unique in that the Company 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. 


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.