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File: BGM NR 14-27 Cow Mtn Drill Results October 21, 2014.doc

Barkerville Gold Mines Ltd.
610 - 1100 Melville Street, Vancouver, British Columbia, Canada V6E 4A6

Telephone: 604 669-6463             TSX Venture Exchange
Facsimile: 604 669-3041            Trading Symbol: "BGM"
Toll Free: 1-800 663-9688             Frankfurt Stock Exchange
Web: www.barkervillegold.com                     Trading Symbol: "IWUB"


DRAFT News Release 14-26 27DRAFT
Barkerville Gold Mines Reports That a New Gold Mineralized Zone Was Discovered by Drill Holes Conducted on Cow Mountai
--->n in 2014


October 721, 2014

Vancouver, BC -- Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company") announced today that a new gold mineralized z
--->one was discovered by four of the ten diamond drill holes conducted on Cow Mountain between June 20 and August 13, 201
--->4; namely CM14-07, 08, 09 and 10. 

The new zone, which is outside of the previously proposed open pit and about 570 meters (1,875 feet) to the mine grid 
--->southeast from the center of the proposed open pit, runs 110 degrees to the local mine grid. The controlled length of 
--->the zone via four diamond drill holes on two set-ups is approximately 34.3 meters (112.5 feet). The intercepted width 
--->of the new zone varies between 10.0 and 18.3 meters and its grade varies between 1.401 and 3.459 g/T gold (Table 1).

The new zone which is located at the Rainbow 3, Rainbow 4 contact and close to the Rainbow, BC, Lowhee contact, is a c
--->ombination of both the quartz-pyrite vein and replacement styles of mineralization.   

The new zone confirms the existence of the Wells Trend, a soil geochemical anomaly found in 2000 after a large-scale s
--->oil sampling program in the area.

The 2014 diamond drill program conducted on Cow Mountain included a total of 4,142.3 meters (13,590.0 feet) in 10 surf
--->ace diamond drill holes. 

The objective of the 2014 drill program is to gain a better understanding of the potential of both the Baker, Rainbow 
--->Contact and the Rainbow, BC Argillite, Lowhee Contact. The first six drill holes were collared on two drill pads at th
--->e Baker, Rainbow Contact, which was on a drill gap at the mine grid northeast border of the proposed open pit. All six
---> drill holes cut into weak replacement pyrite mineralization hosted mainly in strongly calcareous chlorite phyllite an
--->d quartzite with minor marble bands locally, though the assay results of these samples were not encouraging, likely du
--->e to the existence of pyrrhotite. These drill holes did intercept pyrite-quartz veins bearing gold (Table 1).

Table 1: SIGNIFICANT INTERCEPTS FROM THE 2014 DIAMOND DRILL PROGRAM CONDUCTED ON COW MOUNTAIN

DRILL PAD
 DDH#
 AZIMUTH (Mine Grid)
 DIP 
 FROM 
 TO 
 WIDTH
 Au
 
 
 
 
 
 FEET
 METER
 FEET
 METER
 FEET
 METER
 g/T
 oz/t
 
 A
 CM14-01
 137.16
 -44.19
 494.2
 150.6
 512.1
 156.1
 17.9
 5.5
 3.589*
 0.105*
 
 
 
 
 
 including
 
 
 
 
 
 500.7
 152.6
 502.2
 153.1
 1.5
 0.5
 25.40
 0.741 
 
 
 
 
 
 547.8
 167.0
 550.8
 167.9
 3.0
 0.9
 1.890
 0.055 
 
 
 
 
 
 573.2
 174.7
 580.0
 176.8
 6.8
 2.1
 1.572
 0.046 
 
 
 
 
 
 661.3
 201.6
 666.0
 203.0
 4.7
 1.4
 2.687
 0.078 
 
 
 
 
 
 706.0
 215.2
 711.3
 216.8
 5.3
 1.6
 4.035*
 0.118*
 
 
 
 
 
 1054.0
 321.3
 1057.0
 322.2
 3.0
 0.9
 3.243
 0.095 
 
 
 
 
 
 1315.7
 401.0
 1317.2
 401.5
 1.5
 0.5
 3.003
 0.088 
 
 
 
 
 
 1341.0
 408.7
 1343.2
 409.4
 2.2
 0.7
 3.395
 0.099 
 
 
 CM14-02
 136.40
 -65.78
 548.0
 167.0
 554.0
 168.9
 6.0
 1.8
 1.320
 0.038 
 
 
 
 
 
 650.4
 198.2
 654.2
 199.4
 3.8
 1.2
 5.305
 0.155 
 
 
 
 
 
 794.0
 242.0
 795.4
 242.4
 1.4
 0.4
 11.90
 0.347 
 
 
 
 
 
 859.2
 261.9
 862.7
 263.0
 3.5
 1.1
 1.123
 0.033 
 
 
 
 
 
 884.0
 269.4
 885.9
 270.0
 1.9
 0.6
 24.10
 0.703 
 
 
 
 
 
 1089.7
 332.1
 1093.0
 333.2
 3.3
 1.0
 3.315
 0.097 
 
 
 CM14-03
 110.58
 -88.38
 988.0
 301.1
 998.0
 304.2
 10.0
 3.0
 4.538
 0.132 
 
 
 CM14-04
 314.83
 -44.84
 No Significant (> & = 1.0 g/T Au) Assay
 
 B
 CM14-05
 110.20
 -46.33
 744.5
 226.9
 746.2
 227.4
 1.7
 0.5
 1.359
 0.040 
 
 
 
 
 
 846.5
 258.0
 855.2
 260.7
 8.7
 2.7
 1.551*
 0.045*
 
 
 
 
 
 1008.0
 307.2
 1020.8
 311.1
 12.8
 3.9
 2.893*
 0.084*
 
 
 
 
 
 including
 
 
 
 
 
 1008.0
 307.2
 1011.4
 308.3
 3.4
 1.0
 10.50
 0.306 
 
 
 
 
 
 1147.7
 349.8
 1164.8
 355.0
 17.1
 5.2
 2.419*
 0.071*
 
 
 
 
 
 including
 
 
 
 
 
 1147.7
 349.8
 1152.2
 351.2
 4.5
 1.4
 8.162
 0.238 
 
 
 
 
 
 1280.4
 390.3
 1282.2
 390.8
 1.8
 0.5
 1.805
 0.053 
 
 
 
 
 
 1581.6
 482.1
 1586.4
 483.5
 4.8
 1.5
 4.317
 0.126 
 
 
 CM14-06
 109.10
 -65.71
 826.0
 251.8
 828.0
 252.4
 2.0
 0.6
 6.059
 0.177 
 
 
 
 
 
 845.2
 257.6
 858.3
 261.6
 13.1
 4.0
 4.500*
 0.131*
 
 
 
 
 
 1141.7
 348.0
 1147.6
 349.8
 5.9
 1.8
 1.143
 0.033 
 
 
 
 
 
 1350.3
 411.6
 1356.2
 413.4
 5.9
 1.8
 1.501
 0.044 
 
 
 
 
 
 1364.0
 415.8
 1367.6
 416.8
 3.6
 1.1
 1.393
 0.041 
 
 C
 CM14-07
 169.98
 -44.31
 114.7
 35.0
 154.2
 47.0
 39.5
 12.0
 2.161*
 0.063*
 
 
 
 
 
 including
 
 
 
 
 
 119.4
 36.4
 142.0
 43.3
 22.6
 6.9
 3.459*
 0.101*
 
 
 
 
 
 including
 
 
 
 
 
 133.8
 40.8
 142.0
 43.3
 8.2
 2.5
 5.353
 0.156 
 
 
 CM14-08
 175.01
 -63.53
 116.0
 35.4
 126.0
 38.4
 10.0
 3.0
 3.188
 0.093 
 
 
 
 
 
 206.0
 62.8
 263.3
 80.3
 57.3
 17.5
 2.700*
 0.079*
 
 
 
 
 
 including
 
 
 
 
 
 226.0
 68.9
 263.3
 80.3
 37.3
 11.4
 3.895*
 0.114*
 
 
 
 
 
 including
 
 
 
 
 
 236.0
 71.9
 263.3
 80.3
 27.3
 8.3
 4.293*
 0.125*
 
 
 
 
 
 including
 
 
 
 
 
 236.0
 71.9
 256.0
 78.0
 20.0
 6.1
 5.356*
 0.156*
 
 
 
 
 
 726.0
 221.3
 736.0
 224.3
 10.0
 3.0
 1.097
 0.032 
 
 D
 CM14-09
 164.07
 -47.20
 146.0
 44.5
 206.0
 62.8
 60.0
 18.3
 2.100*
 0.061*
 
 
 
 
 
 including
 
 
 
 
 
 197.6
 60.2
 206.0
 62.8
 8.4
 2.6
 10.50
 0.306 
 
 
 
 
 
 555.1
 169.2
 559.0
 170.4
 3.9
 1.2
 1.307
 0.038 
 
 
 CM14-10
 164.26
 -67.82
 204.1
 62.2
 237.0
 72.2
 32.9
 10.0
 1.401*
 0.041*
 
 
 
 
 
 765.2
 233.2
 767.0
 233.8
 1.8
 0.5
 1.189
 0.035 
 
 Note: * weighted assays


Drill holes, CM14-07, 08, 09 and 10 were collared at the Rainbow, BC, Lowhee contact.          

(Table 1) Highlights include:

1. CM14-01

5.5 m (17.9 feet) of 3.589 g/T (0.105 oz/t) gold between 150.6 and 156.1 meters (494.2 and 512.1 feet).  
including 0.5 meters (1.5 feet) of 25.40 g/T (0.741 oz/t) gold between 152.6 and 153.1 meters (500.7 and 502.2 feet). 
---> 

2. CM14-02
1.2 m (3.8 feet) of 5.305 g/T (0.155 oz/t) gold between 198.2 and 199.4 meters (650.4 and 654.2 feet)  

0.4 m (1.4 feet) of 11.90 g/T (0.347 oz/t) gold between 242.0 and 242.4 meters (794.0 and 795.4 feet)

0.6 m (1.9 feet) of 24.10 g/T (0.703 oz/t) gold between 269.4 and 270.0 meters (884.0 and 885.9 feet)

3. CM14-03
3.0 m (10.0 feet) of 4.538 g/T (0.132 oz/t) gold between 301.1 and 304.2 meters (988.0 and 998.0 feet)  

4. CM14-05

3.9 m (12.8 feet) of 2.893 g/T (0.084 oz/t) gold between 307.2 and 311.1 meters (1,008.0 and 1,020.8 feet).  
including 1.0 meters (3.4 feet) of 10.50 g/T (0.306 oz/t) gold between 307.2 and 308.3 meters (1,008.0 and 1,011.4 fee
--->t).  

5.2 m (17.1 feet) of 2.419 g/T (0.071 oz/t) gold between 349.8 and 355.0 meters (1,147.7 and 1,164.8 feet).  
including 1.4 meters (4.5 feet) of 8.162 g/T (0.238 oz/t) gold between 349.8 and 351.2 meters (1.147.7 and 1,152.2 fee
--->t).  

1.5 m (4.8 feet) of 4.317 g/T (0.126 oz/t) gold between 482.1 and 483.5 meters (1,581.6 and 1,586.4 feet).  

5. CM14-06

4.0 m (13.1 feet) of 4.500 g/T (0.131 oz/t) gold between 257.6 and 261.6 meters (845.2and 858.3 feet).  


6. CM14-07

12.0 m (39.5 feet) of 2.161 g/T (0.063 oz/t) gold between 35.0 and 47.0 meters (114.7 and 154.2 feet).  
including 2.5 meters (8.2 feet) of 5.353 g/T (0.156 oz/t) gold between 40.8 and 43.3 meters (133.8 and 142.0 feet).  

7. CM14-08

17.5 m (57.3 feet) of 2.700 g/T (0.079 oz/t) gold between 62.8 and 80.3 meters (206.0 and 263.3 feet).  
including 6.1 meters (20.0 feet) of 5.356 g/T (0.156 oz/t) gold between 71.9 and 78.0 meters (236.0 and 256.0 feet).  

8. CM14-09

18.3 m (60.0 feet) of 2.100 g/T (0.061 oz/t) gold between 44.5 and 62.8 meters (146.0 and 206.0 feet).  
including 2.6 meters (8.4 feet) of 10.50 g/T (0.306 oz/t) gold between 60.2 and 62.8 meters (197.6 and 206.0 feet).  

9. CM14-10

10.0 m (32.9 feet) of 1.401 g/T (0.014 oz/t) gold between 62.2 and 72.2 meters (204.1 and 237.0 feet).  


All significant intercepts from CM14 drill holes described above may not be the true widths. Due to the complexity and
---> variety of quartz veins, namely strike, diagonal and orthogonal veins, and limited diamond drill holes, the true widt
--->hs will be determined after additional drill holes are conducted and the 3D geological model is completed.

Drill core processing includes descriptive logging and sampling for geochemical analyses. The NQ-size drill core was c
--->ut in two halves using saws at the Company's Lowhee Creek Compound in Wells-Barkerville, central B.C. One half of the 
--->core was put in a sample bag. After all of the samples were placed in rice bags at the mine site, they were transporte
--->d by BGM's personnel to a shipping company in Quesnel for trans-shipment to ACME Labs in Vancouver, B.C. for analysis.
---> Sample preparation and geochemical assaying was done at ACME, following their own internal standards for quality cont
--->rol and verification. The gold assaying method uses a 50 grams lead collection/gravimetric fire assay with AAS finish.
---> ACME is certified under the Assayers Certification Program of B.C.   
 
The technical information in this News Release has been reviewed and approved by Chief
Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.

The Board would like to thank its shareholders for their ongoing support.

"Elena Clarici"
Dr. Elena Clarici
CEO


About Barkerville Gold Mines Ltd.
Since the mid-1990s the Company has focused on exploration and development of gold projects in the Cariboo Mining Dist
--->rict in central B.C. The Company's mineral tenures cover 1,164 km2 along a strike length of 60 km and approximate widt
--->h of 20 km, including the Cariboo Gold Project, the Bonanza Ledge Gold Project, the Barkerville Mountain and Island Mo
--->untain exploration targets and seven past producing hard rock mines. The QR Property was acquired in February 2010 and
---> includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 km by highway and 
--->all-weather road from the Barkerville Gold Camp. In November 2010, the Company acquired a second permitted mill curren
--->tly on care and maintenance in Revelstoke, B.C. The Company has completed significant drilling and exploration program
--->s and, together with the historical data, is compiling all information to determine the geologic models and updated te
--->chnical reports to continue with exploration and development of the Cariboo Gold projects. This news release has been 
--->prepared on behalf of the Board of Directors of the Company which takes full responsibility for its contents.
Cautionary Statement on Forward-Looking Information
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subj
--->ect to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, 
--->information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions, inclu
--->ding the listing and trading of the Company's common shares on the TSXV. The words "may", "could", "should", "would", 
--->"suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and 
--->expressions are used to identify forward-looking information. The forward-looking information in this news release des
--->cribes the Company's expectations as of the date of this news release.
The results or events anticipated or predicted in such forward-looking information may differ materially from actual r
--->esults or events. Material factors which could cause actual results or events to differ materially from such forward- 
--->looking information include, among others, the Company's ability to engage and retain qualified key personnel, employe
--->es and affiliates, to obtain capital and credit and to protect its property rights.
The Company cautions that the foregoing list of material factors is not exhaustive. When relying on the Company's forw
--->ard-looking information to make decisions, investors and others should carefully consider the foregoing factors and ot
--->her uncertainties and potential events. The Company has assumed a certain progression, which may not be realized. It h
--->as also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking in
--->formation to differ materially from actual results or events. However, the list of these factors is not exhaustive and
---> is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such item
--->s or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DA
--->TE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTA
--->NCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY M
--->AY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts re
--->sponsibility for the adequacy or accuracy of this news release.