Mr. Chris Lodder reports

BARKERVILLE GOLD MINES ANNOUNCES SALE OF SHARES BY CONTROLLING SHAREHOLDER TO OSISKO MINING CORP.

2176423 Ontario Ltd., a company controlled by Eric Sprott, the controlling shareholder of Barkerville Gold Mines Ltd., has entered into an agreement with Osisko Mining Inc., pursuant to which it will sell an aggregate of 50 million common shares of the company, representing approximately 17 per cent of the outstanding Barkerville shares. 2176423 agreed to sell 25 million Barkerville shares in exchange for 8,097,166 common shares of Osisko Mining. 2176423 further agreed to sell the remaining 25 million Barkerville shares for an aggregate purchase price of $20-million, payable in cash. The Barkerville shares were acquired by Osisko Mining at a price of 80 cents per Barkerville share.

Following the sale, the following will be the major shareholders of the company:

• Mr. Sprott -- holding, directly and indirectly, 55,281,643 Barkerville shares, representing 18.8 per cent of the issued and outstanding Barkerville shares;
• Osisko Gold Royalties -- holding 47,625,000 Barkerville shares, representing 16.2 per cent of the issued and outstanding Barkerville shares;
• Osisko Mining -- holding 50 million Barkerville shares, representing 17 per cent of the issued and outstanding Barkerville shares.

We seek Safe Harbor.