Mr. Sergei Diakov reports

BCM RESOURCES CORPORATION ANNOUNCES FINANCING

BCM Resources Corp. has arranged a non-brokered private placement financing for gross proceeds of $7.24-million through the issuance of 36.2 million units priced at 20 cents per unit. Each unit comprises one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 30 cents for a period of one year from the date of issue.

The warrants are subject to an acceleration clause in favour of the issuer. After four months and one day from the closing, if the share price is 45 cents or higher for 20 consecutive trading days the issuer will be entitled to accelerate the expiration of the warrants to the date that is 30 business days from the date of the issuance of a news release by the company announcing the exercise of the acceleration clause.

All the securities issuable will be subject to a four-month hold period from the date of issue. The financing is subject to approval by the TSX Venture Exchange. Any finders' fees paid will be 5 per cent in cash and 5 per cent in broker warrant of proceeds raised.

Proceeds from the financing will be used for working capital purposes and to continue mineral exploration drilling at the Thompson Knolls (TK) porphyry Cu-Au-Mo (copper-gold-molybdenum) discovery project, located in west-central Utah.

We seek Safe Harbor.