Mr. Tom Obradovich reports

BARKERVILLE GOLD MINES ANNOUNCES STRATEGIC RELATIONSHIP WITH OSISKO GOLD ROYALTIES AND APPOINTMENT OF NEW DIRECTORS

Barkerville Gold Mines Ltd. has entered into an agreement with Osisko Gold Royalties Ltd. granting Osisko the right of first offer and the right of first refusal on future royalties on the company's Cow Mountain project on the Caribou gold trend, British Columbia. In return for this consideration, Osisko has recently invested a total of $5-million in flow-through funds to advance the company's gold project, and has extended the company's access to use its exploration and mining services team to complement its newly recruited exploration staff.

The company also wishes to announce the appointments of Chris Lodder and Allan J. Folk to the board of directors.

Mr. Lodder has 25 years of experience working on and managing greenfields and brownfields exploration with major and junior mining companies worldwide, with the majority of his career focused in the Americas. Mr. Lodder is the president of Talisker Exploration Services Inc., an Ontario-based mining and exploration services company founded by Mr. Lodder in 2010, whose principal clients are Osisko Gold Royalties and its associated companies. From 1999 to 2010, he was South American exploration manager and later the Americas exploration manager for AngloGold Ashanti. He is widely recognized as the person responsible for the proposal, execution and management of AngloGold Ashanti's successful greenfields exploration program in Colombia, with the discoveries of the La Colosa and Gramalote deposits. Mr. Lodder's team also discovered the La Rescatada project, now known as the Andres mine in Peru.

Mr. Folk brings to the board over 35 years of experience in the investment industry, with a bias toward the resource sector. He is currently the vice-president of Brant Securities, and serves as vice-president of institutional equity sales at Forte House Inc. Mr. Folk also serves as vice-chairman of Atlanta Gold Inc. and serves as a director of Oremex Silver Inc.

President and chief executive officer of Barkerville Gold Mines, Tom Obradovich, stated: "The transition of BGM has been rapid and focused. The company is now well funded and debt free; with Osisko as a strategic partner, and the valuable additions of Mr. Lodder and Mr. Folk to the board, we are on a clear path to developing one of North America's premier gold camps."

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