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Barkerville submits updated Cariboo report to BCSC

2013-05-10 20:12 ET - News Release

Mr. J. Frank Callaghan reports

BARKERVILLE GOLD MINES LTD. PROVIDES TECHNICAL UPDATE ON CARIBOO GOLD PROJECT

Barkerville Gold Mines Ltd. has provided an update on the status of its proposed technical disclosure review response to the cease trade order (CTO) issued by the British Columbia Securities Commission (BCSC) as disclosed in the company's press release dated August 15, 2012.

Technical review

On May 2, 2013, Barkerville submitted a comprehensive response letter and an updated technical report on its Cariboo gold project to the BCSC for its review in connection with the CTO. The updated technical report draft, co-written by Peter T. George, PGeo, of Geoex Ltd., Ivor W.O. Jones, FAusIMM (CP), of Snowden Mining Industry Consultants Inc., and Michael B. Dufresne, MSc, PGeol, of Apex Geosciences Ltd., was intended to replace the technical report filed by the company in August, 2012, and to address the disclosure issues raised by the BCSC. Snowden and Apex are independent mining and geological consulting firms that have not previously reported on the Cariboo gold project.

On May 9, 2013, the BCSC issued a further comment letter to the company on the updated technical report. The company, Snowden, Geoex and Apex are currently working to address the BCSC's comments.

We seek Safe Harbor.

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