BCGold Corp. Receives Final Engineer Mine Research Report: Bonanza Gold Zone Open to Depth

Vancouver, British Columbia, April 13, 2015 (TSX-V: BCG) - BCGold Corp. ("BCGold" or the "Company") is pleased to announce that it has received the final research report on the geology and

mineralogy of the bonanza-style gold veins at its 100% owned historic Engineer Mine property from Dr.

Leo J. Millonig, a postdoctoral fellow working with Earth Science professors Dr. Lee Groat (University

of British Columbia) and Dr. Robert Linnen (University of Western Ontario). The objective of Mr.

Millonig's research was to determine the origin and depth potential for additional high-grade epithermal

gold mineralization of the Engineer and Double Decker veins. Dr. Millonig's report focuses specifically

on vein mineralogy, textures and isotopic make-up, and can be viewed and downloaded from BCGold's

In his report, Dr. Millonig states the following: "the lower limit of the bonanza zone, i.e. the boiling

horizon, has not been reached yet, and that the lower, less developed mine levels are likely to contain

high-grade mineralization. This conclusion is supported by visible gold observed by the author on the

7th mine level (627 m el.), and results of geochemical assays from that level (BCGold Corp., 2012). In

addition, BCGold drill hole BCGE10-01 intersected banded and brecciated, vuggy quartz veins

containing electrum / V-illite, 21 m below 8 Level (~570 m el.) on the DD Vein which averaged 22.32 g/t

Au over 0.96 m confirming historic samples from workings on the 8th mine level."

Results from Dr. Millonig's study, detailed below and previously reported by BCGold (July 10, 2014),

provide important scientific evidence and support for continued small-scale gold production and

exploration for additional bonanza-style gold shoots, veins, and breccia-hosted bulk-tonnage gold at

Engineer Mine; particularly when coupled with results from BCGold's successful bulk sampling, on-site

milling, mine de-watering and sampling programs in 2011 and 2012.

BCGold continues to seek investors to close a special $0.02 Unit (1 common share and 1 full, 2-year

$0.05 warrant), $300,000 financing, and to provide $2.0 million in capital to continue small-scale gold

production at the fully permitted Engineer Mine property.

Dr. Millonig's report is the culmination of a $75,000 Mitacs-Accelerate research internship program,

partially funded and previously announced by BCGold (July 9, 2012). Dr. Millonig is preparing two

additional papers to be published in scientific journals.

Constraints on the Extent of Bonanza Gold at Engineer Mine

In his report, Dr. Millonig states that "the occurrence of platy (bladed) calcite, in conjunction with Kfeldspar, is regarded as indicative of boiling of the hydrothermal fluid. Since boiling is regarded as the

dominant process for gold precipitation in the Engineer and Double Decker Veins, constraining the depth

limits of platy calcite should shed some light on the extent of the bonanza gold zone. For example, in the

Broadlands-Ohaaki and Kawerau geothermal systems, New Zealand, platy calcite is restricted to within

300 m above the zone where fluids begin to boil (Tulloch, 1982; in Simmons and Christenson, 1994). In

the investigated samples at Engineer Mine, platy calcite was observed between the 8 Level (592 m el.)

and 5 Level (684 m el.). This, however, does not constraint the lower limits of the occurrence of platy

calcite due to a lack of samples from deeper mine levels. This suggests that the lower limit of the bonanza zone, i.e. the boiling horizon, has not been reached yet, and that the lower, less developed mine levels

are likely to contain high-grade mineralization. This conclusion is supported by visible gold observed by the author on the 7th mine level (627 m el.), and results of geochemical assays from that level (BCGold Corp., 2012). In addition, BCGold drill hole BCGE10-01 intersected banded and brecciated, vuggy quartz veins containing electrum / V-illite, 21 m below 8 Level (~570 m el.) on the DD Vein which averaged 22.32 g/t Au over 0.96 m confirming historic samples from workings on the 8th mine level."

Engineer Mine - a Low Capex, Near-Term Gold Production Opportunity

BCGold's primary asset is the 100% owned, historic high-grade gold Engineer Mine property, situated in

Northwestern B.C. At Engineer Mine, BCGold is uniquely positioned and fully permitted to mine and

mill accessible high-grade gold mineralization. In 2011 the Company successfully mined and milled 246

tonnes of vein material from the Engineer Vein on Level 5 and produced and monetized 800 kg of gravity

concentrate for $US107,000. The bulk sampling program identified two accessible high-grade gold

exploration targets on the Engineer Vein between 5 and 8 Levels, which are believed to contain

between12,000 to 17,000 ounces of gold, grading between 30 g/t to 60 g/t gold, in 8,000 to 14,000 tonnes

of vein material.(*) Mine de-watering, geological mapping and panel sampling of production drifts on 6

and 7 Level in 2012 confirmed the depth extension of these two exploration targets, and re-established a

third that was cut off by a dyke on 5 Level.

(*) The potential quality and grade of this exploration target is conceptual in nature, as there has been

insufficient exploration to define a mineral resource and that it is uncertain if further exploration will

result in the target being delineated as a mineral resource.

BCGold has an internal study that supports the premise to produce a minimum of 7,600 ounces of gold

over three summer seasons at Engineer Mine. The proposal is cash-flow positive after one year with a

maximum drawdown of $1.4M.(**) Partial proceeds would provide for continued exploration for a +1

million ounce bulk tonnage gold deposit, believed to exist on the property. The Company is aggressively

sourcing a qualified partner to finance this venture, and is open to project participation along a variety of

ways, including debt financing, gold streaming, royalty, earn-in or turnkey.

(**) Readers are cautioned that the Company has not completed a pre-feasibility or feasibility study

which establishes mineral reserves with demonstrated economic and technical viability. Further, the

Company cautions readers that any potential production may not be economically feasible and

historically projects taken to production without establishing reserves through a feasibility study have a

much higher risk of economic or technical failure.

Paul Wojdak, P.Geo., Vice President of Exploration for BCGold and a Qualified Person as defined by

National Instrument 43-101, has reviewed and approved the technical contents of this news release.

Kamloops Exploration Group KEG Conference

BCGold will be showcasing the Engineer Mine Project at booth No. 60 at the annual Kamloops

Exploration Group KEG Conference on April 14 - 15, at the Kamloops, B.C. Convention Centre. Brian

Fowler, P.Geo., President and CEO, and Paul Wojdak, P.Geo., Vice President of Exploration, will be in

attendance. Shareholders, readers and gold investors are invited to visit our booth to learn more about the

Company and Engineer Mine gold production, exploration and investment opportunities.

On behalf of the Board of Directors,

Brian P. Fowler, P. Geo.

President & CEO

For further information please contact:

Brian P. Fowler

President & CEO

Tel: 604-697-2401

Email: [email protected]

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.

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 forwardlooking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.