Mr. Chris Lodder reports

BGM INTERSECTS 14.10 G/T AU OVER 20.00 METRES AT SHAFT ZONE

Barkerville Gold Mines Ltd. has released additional results from the continuing 130,000-metre phase 2 Island Mountain exploration drilling program at the company's flagship Cariboo gold project. The company is currently exploring and delineating the new Valley zone with four drill rigs. Detailed drilling results, a drill hole location plan map, level plan and longitudinal section are presented at the company's website.

High tenor gold veining further expands shaft zone

The 130,000-metre phase 2 exploration and delineation drill program on Island Mountain has again demonstrated the tenor and size potential of the vein systems that exist at the Cariboo gold project. At a vertical of depth of 400 metres vertically below surface and 150 metres footwall to the former Aurum mine, drill hole IM-17-068 intersected a new and previously unidentified occurrence of significant veining overall grading 14.10 grams per tonne gold over 20 metres. Higher-grade intercepts within this corridor include 40 g/t Au over 0.70 metre and 373.00 g/t Au over 0.65 metre. Because no other drill holes occur within 150 metres of this newly tested area of the mineralized system, this portion of the larger shaft zone is open for expansion in all directions.

At a depth of only 80 metres vertically below surface, IM-17-068 also intersected another corridor of veining averaging 7.76 g/t Au over 10.45 metres which included 9.52 g/t Au over 1.10 metres and 56.00 g/t Au over 1.10 metres. This new veining is again open for expansion along vein strike to the southwest and downdip.

Chris Lodder, president and chief executive officer, commented: "The Valley zone drilling identifies several new robust vein corridors in the previously unexplored area between Cow and Island Mountains. We're encouraged by the denser-than-expected vein intensity identified by the drilling and are planning more stepouts to extend the dimensions of the intersected vein corridors both along strike and downdip."

About the phase 2 program

The 130,000-metre 2017 phase 2 exploratory and delineation drill program on Island Mountain is intended to determine the extent of the vein systems that were historically never explored, and is aimed at discovering new vein systems and sulphide replacement bodies that will ultimately inform a maiden resource. Seven drill rigs are currently operating on Island Mountain, with an eighth rig testing for additional mineralization below the former Aurum and Cariboo gold quartz mines which have never been explored since mining operations ceased about 1960.

Qualified persons

Exploration activities at the Cariboo gold project are administered on-site by the company's exploration manager, Maggie Layman, PGeo. As per National Instrument 43-101 standards of disclosure for mineral projects, Paul Geddes, PGeo, vice-president, exploration, is the qualified person for the company and has prepared, validated and approved the technical and scientific content of this news release. The company strictly adheres to CIM (Canadian Institute of Mining, Metallurgy and Petroleum) best practices guidelines in conducting, documenting and reporting its exploration activities on the Cariboo gold project.

Quality assurance/quality control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently stored on-site at the company's secure facility in Wells, B.C. Numbered security tags are applied to lab shipments for chain of custody requirements. The company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The quality assurance/quality control program was designed and approved by Lynda Bloom, PGeo, of Analytical Solutions Ltd., and is overseen by the company's qualified person, Paul Geddes, PGeo, vice-president, exploration.

Drill core samples are submitted to ALS Geochemistry's analytical facility in North Vancouver, B.C., for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams are pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 part per million and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are reanalyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48-multielemental geochemical package by a four-acid digestion, followed by inductively coupled plasma atomic emission spectroscopy (ICP-AES) and inductively coupled plasma mass spectroscopy (ICP-MS).

About Barkerville Gold Mines Ltd.

The company is focused on developing its extensive land package located in the historical Cariboo mining district of central British Columbia. Barkerville's mineral tenures cover 2,110 square kilometres along a strike length of 67 kilometres which includes several past-producing hardrock mines of the historic Barkerville gold mining camp near the town of Wells, B.C. The QR project, located approximately 110 kilometres by highway and all-weather road from Wells, was acquired by Barkerville in 2010 and boasts a fully permitted 900-tonne-per-day gold milling and tailings facility. Test mining of the Bonanza Ledge open pit was completed in March of 2015 with 91,489 tonnes of material milled producing 25,464 ounces of gold.

           LENGTH-WEIGHTED GOLD COMPOSITES FOR 
           ISLAND MOUNTAIN PHASE 2 DRILL HOLES
  
Hole            From       To        Core length             Au 
ID               (m)      (m)                (m)          (g/t)

IM-17-051      87.35    92.00               4.65           6.02
including      87.35    88.80               1.45          10.05
IM-17-051     218.55   223.75               5.20           7.48
including     221.10   222.00               0.90          38.40
IM-17-064      37.60    41.40               3.80           4.79
including      37.60    38.10               0.50           8.27
and            38.60    39.10               0.50          13.30
and            40.90    41.40               0.50          13.35
IM-17-064     128.70   130.10               1.40          22.76
including     129.60   130.10               0.50          54.50
IM-17-064     276.00   276.50               0.50          22.80
IM-17-064     423.10   424.00               0.90           6.46
IM-17-065     133.50   134.00               0.50          31.50
IM-17-066      81.90    83.00               1.10           7.70
IM-17-066      87.00    88.50               1.50          12.75
IM-17-066     109.50   110.20               0.70          13.25
IM-17-067                                        assays pending
IM-17-068      83.25    93.70              10.45           7.76
including      83.25    84.35               1.10           9.52
and            87.90    89.00               1.10          56.00
IM-17-068     222.30   223.60               1.30          13.70
IM-17-068     413.00   433.00              20.00          14.10
including     414.50   415.20               0.70          40.00
and           428.90   429.55               0.65         373.00
IM-17-068     445.40   446.50               1.10           7.78
IM-17-069     108.00   108.60               0.60           5.08
IM-17-070     277.60   278.20               0.60          12.05
IM-17-070     390.20   391.00               0.80          10.25
IM-17-071     291.70   292.40               0.70          14.40
IM-17-071     421.95   422.45               0.50          22.60
IM-17-071     486.00   487.00               1.00          11.70

We seek Safe Harbor.