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File: BCG NR - Feb 24_2016_ Shares For Debt and Corporate Update.pdf

                                                                              BCGOLD CORP. (TSX-V: BCG)
                                             Suite 520, 800 West Pender Street, Vancouver, BC V6C 2V6
                                                         Telephone: (604) 681-2626 Fax: (604) 646-8088
                                                                                           www.bcgoldcorp.com


For Immediate Release

                                    BCGOLD CORP. ANNOUNCES
                                  SHARES FOR DEBT AND PROVIDES
                                       CORPORATE UPDATE


Vancouver, British Columbia, February 24, 2016 (TSX-V: BCG)   BCGold Corp. ("BCGold" or the
"Company") announces that it intends to settle $156,344.88 of debt through a combination of debtor forgiveness
($68,117.67) and the issuance of 1,764,544 common shares of the company for debt (or the "Transaction"), at a
price of $0.05 per share ($88,227.21). The Company previously announced a 5:1 share consolidation as part of
the Wels Property purchase agreement with Gorilla Minerals Corp. (Please see BCGold News Release dated
January 25, 2016). BCGold and Gorilla have amended the terms of the Wels Property purchase agreement to
include the issuance of 1,700,000 BCGold common shares to Gorilla, as a mutual consideration, subject to
exchange approval.

This Transaction addresses unpaid fees to related and unrelated parties, and is subject to regulatory approval.
Shares are being issued to preserve cash committed to project development and working capital, and will be
subject to a 4 month hold period from the date of issuance.

Engineer Mine Update

BCGold is pleased to announce that it has reached a settlement with respect to the obligation of the Company to
Engineer Mining Corp. ("EMC"), in connection with the purchase of the Engineer Mine mill complex, ancillary
equipment, and a 30% Net Profits Interest Royalty on a high-grade gold shoot on the Double Decker Vein, as
more particularly detailed in the notes to the Company's financial statements.

Under the terms of the settlement the Company has issued EMC a promissory note in the amount of $250,000
payable February 23, 2017 and secured by a charge over the assets and property comprising the Engineer Mine.
This promissory note, for the first time, provides BCGold the opportunity to sell or option the Company's high-
grade gold production opportunity and the fully permitted mill complex at Engineer Mine, to a qualified party.

"BCGold fully appreciates EMC's willingness to work with the Company to achieve both Companies' goals at
Engineer Mine. The Company intends to fulfill the requirements of the promissory note through the option or
sale of the Engineer Mine Property, and will not use any proceeds from the on-going $600,000 private placement
for this commitment. The current private placement is earmarked to advance the Wels Gold Property through a
deliberate Phase I program of ground geophysics, hammer drill rock XRF and geochemical sampling and
trenching, and for general working capital purposes. The objective of the Phase I program is to define drill
targets on the broad Saddle, North Ridge and Southwest Spur Zones gold-in-soil geochemical anomalies for a
follow-up Phase II diamond drill program. Phase I exploration qualifies for a 2016 Yukon Mining Incentives
Program (YMIP) exploration grant for up to $40,000, and BCGold's grant application for the full amount is in
progress.

The current climate of a steadily rising gold price, declining fuel prices and Canadian / U.S. dollar exchange
rates, greatly enhances profit margins for Canadian small tonnage, high-grade gold production opportunities
such as Engineer Mine. BCGold continues to receive qualified investor interest for the option and purchase of
Engineer Mine, and fully expects to meet the obligations of the EMC promissory note with proceeds from the
option or sale of Engineer Mine within the coming year. BCGold remains committed to obtain the best possible


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                                                                                BCGOLD CORP. (TSX-V: BCG)
                                              Suite 520, 800 West Pender Street, Vancouver, BC V6C 2V6
                                                          Telephone: (604) 681-2626 Fax: (604) 646-8088
                                                                                             www.bcgoldcorp.com

deal terms on Engineer Mine and maximize shareholder value," states BCGold President and C.E.O. Brian
Fowler, P.Geo.

About BCGold

         BCGold is a Vancouver-based junior resource company focused on copper and gold exploration in
historic and emerging mining districts in British Columbia and Yukon. The Company recently announced a 5:1
corporate restructuring, $60,000 cash payment and now, a 9.7 million share issuance to Gorilla Minerals Corp.,
in conjunction with a $600,000 financing, to acquire a 100% interest in the recently discovered Wels intrusive
hosted gold property, situated in the prolific White River Gold District in Yukon (Please see News Release dated
January 25, 2016). The Company continues to receive strong investor support for the Wels transaction and
private placement, which the Company expects to fully subscribe.

        BCGold acquires prospective gold and copper-gold exploration properties considered to have significant
mineral potential by staking, option or purchase agreements. The Company strives to acquire 100% of these
opportunities and after cost-effective and diligent exploration to develop drill targets, option 51-70% of these
properties to third parties in return for some multiple of the Company's expenditures. The Comp any currently
has a portfolio of 10   100% owned gold and copper-gold properties and 2 partially owned gold properties in
B.C. and Yukon. BCGold is actively seeking qualified option partners to advance these properties.


On behalf of the Board of Directors,                             For further information, please contact:

Brian P. Fowler, P. Geo.                                         Brian P. Fowler
President & CEO                                                  Tel: 604-697-2401
                                                                 Email: bcgir@bcgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Some statements in this news release contain forward-looking information or forward-looking statements. These
statements include, but are not limited to, statements with respect to future expenditures and exploration,
development and production activities. These statements address future events and conditions and, as such,
involve known and unknown risks, uncertainties and other factors, which may cause the actual results,
performance or achievements to be materially different from any future results, performance or achievements
expressed or implied by the statements. Such factors include, among others, the timing and completion of
contemplated financings, the actual use of proceeds, receipt of regulatory approvals and the timing and success
of future exploration, development and production activities. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a result of new information, future
events or otherwise except as otherwise required by applicable securities legislation.




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