Mr. Greg Gibson reports

BARKERVILLE GOLD COMPLETES BONANZA LEDGE BULK SAMPLE

Barkerville Gold Mines Ltd. has provided key results from its recently completed phase 1 test pit at the Bonanza Ledge deposit.

Phase 1 test mining at the Bonanza Ledge open pit has been completed and continued to demonstrate improved grades with depth. Milling and refining took place at the company's QR mill near Quesnel, B.C. During 2015, the mill processed 28,936 tonnes with a head grade of 12.55 grams per tonne, giving recoveries of 95.6 per cent, resulting in 11,162 ounces poured. In 2014 the tonnage processed was 62,298 at a head grade of 6.85 g/t with recoveries of 91.6 per cent and 12,564 ounces poured. The totals for the Bonanza Ledge phase 1 test pit are: 91,234 tonnes processed at a head grade of 8.66 g/t, yielding 23,726 ounces and a total recovery of 93.4 per cent. As a result, BGM has reduced its debt by approximately $12-million to date in 2015. Further mill cleanup may result in additional ounces recovered and added at a future date.

  
        Milled tonnes  Head grade (g/t)  Rec %  Recovered ounces
 
2014           62,298             6.85    91.6            12,564
2015           28,936            12.55    95.6            11,162
Total          91,234             8.66    93.4            23,726

BGM continues to build an exploration and development plan based on primary ore and mineralizing controls from first principles in keeping with management's previously stated goals (refer to press release dated March 17, 2015). This undertaking has commenced under the direction of Paul Geddes, vice-president of exploration, and includes compilation of all available historical underground and production data. A series of smaller-scale, high-grade, low-capex operations will be of prime consideration to the current team, and is well within the new management's areas of expertise, experience and proficiency. Additionally, an assessment of BGM's extensive landholdings and external assets will also be made in order to extract value and maintain focus.

Chip, muck and mill samples are assayed on site in the company's assay lab using the fire assay method with an AA and gravimetric finish. The company's quality control and assurance program includes the insertion of standards, the retention of pulps and rejects, and spot checks utilizing independent labs. The technical aspects of this press release have been reviewed and approved by Dale Ginn, PGeo, a geological consultant to the company, and the qualified person as defined by National Instrument 43-101 for this project.

We seek Safe Harbor.