Barkerville Gold Mines: Infill Drilling Confirms High-grade Gold Mineralization

BGM Intersects 12.54 g/t Au Over 18.20 Meters on Island Mountain

TORONTO, May 08, 2018 (GLOBE NEWSWIRE) -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the “Company” or “Barkerville”) is pleased to announce additional drilling results from the 50,000-meter 2018 Island Mountain exploration and delineation program at the Company’s flagship Cariboo Gold Project.   Detailed drilling results, a drill hole location plan map and vertical sections are presented at the end of this release. The infill drilling results continue to demonstrate continuity and expansion of modelled vein corridors.

Historic Underground Workings and Modelled Vein Zones Island Mountain Drilling Island Mountain Drilling Section

Drilling Highlights

• IM-18-023: 42.20 g/t over 2.00 meters
• IM-18-023: 54.51 g/t over 1.75 meters
• IM-18-023: 73.8 g/t over 1.25 meters
• IM-18-033: 16.96 g/t over 9.30 meters
• IM-18-038: 12.54 g/t over 18.2 meters
• IM-18-038: 17.91 g/t over 5.65 meters
• IM-18-039: 22.87 g/t over 5.85 meters
• IM-18-041: 36.41 g/t over 4.30 meters
• IM-18-046: 27.41 g/t over 4.35 meters

Vein Zone Continuity on Island Mountain

The intervals noted above were intersected in holes designed to infill and expand known vein corridors on the property down to depths of 500 meters. The program consisted of 50,000 meters drilled in 162 holes, mainly in the Shaft Zone area. Mineralized quartz veins on the Cariboo Gold Project are hosted within the sandstones and are an anastomosing network of high vein density with an overall sub-vertical dip and northeast strike.  Recent modelling of the vein corridors Island Mountain proposes 101 mineralized vein corridors. These vein corridors have estimated horizontal width of 3 meters and a strike length of up to 300 meters. These corridors have been defined from surface to a vertical depth of 600 meters and remain open for expansion at depth and down plunge. Gold grades are intimately associated with vein-hosted pyrite as well as pyritic, intensely silicified wall rock haloes in close proximity to the veins.

Qualified Persons

Exploration activities at the Cariboo Gold Project are administered on site by the Company’s Project Geologists, Kyle Orr and Felipe Castaneda. As per National Instrument 43-101 Standards of Disclosure for Mineral Projects, Maggie Layman, P.Geo. Vice President Exploration, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged.  The remaining drill core is subsequently stored on site at the Company’s secure facility in Wells, BC.  Numbered security tags are applied to lab shipments for chain of custody requirements.  The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Maggie Layman, P.Geo, Vice President Exploration.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 100 ppm are re-analyzed using a 1,000g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS).

For further information on Barkerville Gold Mines Ltd. please contact:

Chris Lodder
President & Chief Executive Officer
155 University Avenue, Suite 1440
Toronto, Ontario, Canada
clodder@barkervillegold.com

About Barkerville Gold Mines Ltd.

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. Barkerville’s Cariboo Gold Project mineral tenures cover 1,950 square kilometres; along a strike length of 67 kilometres which includes several past producing placer and hard rock mines, making it one of the most well-endowed land packages in British Columbia. Since the management change in mid-2015, the Company has unlocked the fundamental structural controls of gold mineralization. The Company’s Brownfield’s exploration team is focused on developing and delineating a mineable resource within the 7 kilometers of principle project area located near the town of Wells, British Columbia.  The Company’s Greenfield’s team is developing quality exploration assets throughout the remaining land package through systematic, scientific, exploration.  The operation’s team is focused on developing and mining the Bonanza Ledge and BC Vein deposits on Barkerville Mountain.  This operation allows the company to generate near term cash flow, train a local work force, keeps the present mining permit active, and de-risk’s the project through staged production growth.  Processing of material from these deposits is processed at the QR mill.  QR is a fully owned, permitted mill and tailings facility, located approximately 110 kilometres away from Wells, and can be accessed by an all-season road.

Cautionary Statement on Forward -Looking Information
Neither the TSX Venture Exchange (‘TSXV’) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Table 1: Length weighted gold composites from Island Mountain
HOLE ID		FROM	TO	CORE LENGTH (M)	AU (G/T)
IM-18-023		79.75	80.30	0.55	15.35
		221.70	222.60	0.90	8.49
		230.50	231.00	0.50	5.63
		265.35	266.20	0.85	5.26
		281.50	282.15	0.65	15.00
		316.00	318.00	2.00	42.20
	INCLUDING	317.00	318.00	1.00	58.00
		352.75	354.50	1.75	54.51
	INCLUDING	353.25	354.50	1.25	73.80
		366.90	368.25	1.35	4.81
		384.75	385.25	0.50	5.12
		513.00	514.50	1.50	5.74
		517.00	518.50	1.50	7.83
IM-18-023_1		354.00	354.80	0.80	20.20
		368.95	370.50	1.55	4.65
		394.70	395.30	0.60	10.10
IM-18-024	ABANDONED
IM-18-025		51.35	51.95	0.60	16.40
		63.40	63.90	0.50	15.60
		85.00	86.00	1.00	11.30
		90.85	91.35	0.50	22.40
		96.35	99.55	3.20	9.57
	INCLUDING	97.15	98.65	1.50	13.05
		112.80	114.30	1.50	61.40
		194.20	194.90	0.70	5.24
		240.15	240.65	0.50	4.92
IM-18-026		51.95	54.70	2.75	31.83
	INCLUDING	53.40	54.10	0.70	51.20
	AND	54.10	54.70	0.60	61.00
		97.75	99.50	1.75	7.54
	INCLUDING	97.75	99.00	1.25	9.43
		134.00	136.75	2.75	9.44
	INCLUDING	134.00	134.85	0.85	16.65
	INCLUDING	134.85	135.40	0.55	15.25
		153.65	154.15	0.50	10.45
		214.20	214.75	0.55	68.90
IM-18-027		83.15	85.00	1.85	13.41
	INCLUDING	83.15	83.65	0.50	18.80
	AND	83.65	84.30	0.65	21.10
		171.55	172.80	1.25	11.50
	INCLUDING	172.25	172.80	0.55	19.40
		171.55	172.80	1.25	11.50
	INCLUDING	172.25	172.80	0.55	19.40
		174.45	179.15	4.70	12.82
	INCLUDING	174.95	175.55	0.60	18.35
	AND	177.65	178.40	0.75	25.50
	AND	178.40	179.15	0.75	15.50
		181.60	185.35	3.75	5.21
	INCLUDING	181.60	182.20	0.60	11.50
	AND	184.30	184.85	0.55	13.15
	AND	184.85	185.35	0.50	7.72
		361.50	362.85	1.35	53.24
		396.15	396.65	0.50	25.00
		397.15	397.65	0.50	5.27
		401.00	401.55	0.55	82.30
		402.60	403.10	0.50	6.44
		408.05	408.60	0.55	8.70
IM-18-028		163.30	164.20	0.90	7.03
IM-18-029		81.10	82.50	1.40	17.10
IM-18-030		28.50	29.40	0.90	15.40
		33.70	34.25	0.55	16.90
		152.00	152.60	0.60	5.87
		225.80	226.30	0.50	4.76
		303.00	303.75	0.75	5.66
		305.80	306.30	0.50	17.40
		344.35	345.10	0.75	9.66
		350.30	350.80	0.50	6.11
		389.50	390.70	1.20	15.01
	INCLUDING	390.10	390.70	0.60	22.70
IM-18-031		34.00	34.90	0.90	5.68
		83.15	83.70	0.55	30.10
		88.15	90.00	1.85	17.81
	INCLUDING	89.10	90.00	0.90	28.90
IM-18-032		66.00	66.50	0.50	9.13
		87.80	88.30	0.50	4.62
		112.50	113.25	0.75	47.20
IM-18-033		31.15	31.80	0.65	4.14
		32.75	33.25	0.50	4.51
		143.20	145.20	2.00	5.79
		145.90	146.40	0.50	4.16
		148.20	148.85	0.65	5.19
		163.50	165.00	1.50	3.22
		210.60	212.50	1.90	17.36
	INCLUDING	210.60	211.25	0.65	29.50
	AND	211.75	212.50	0.75	18.40
		216.50	217.50	1.00	19.15
	INCLUDING	217.00	217.50	0.50	26.90
		266.85	267.35	0.50	13.05
		337.00	338.15	1.15	15.25
		428.75	430.95	2.20	12.71
	INCLUDING	428.75	429.25	0.50	24.20
		473.30	482.60	9.30	16.96
	INCLUDING	473.30	474.00	0.70	16.05
	AND	474.00	474.50	0.50	53.60
	AND	476.00	476.65	0.65	57.90
	AND	476.65	477.35	0.70	21.50
	AND	479.50	480.00	0.50	18.15
	AND	480.00	481.25	1.25	29.30
	AND	482.00	482.60	0.60	14.65
		492.50	493.00	0.50	5.08
		497.00	497.50	0.50	5.67
IM-18-034		11.00	11.65	0.65	23.40
		21.15	22.00	0.85	12.50
		84.00	84.55	0.55	36.50
		121.80	122.55	0.75	6.82
		135.90	136.65	0.75	6.02
		161.00	162.50	1.50	7.09
	INCLUDING	162.00	162.50	0.50	9.60
		165.50	166.30	0.80	8.99
		242.65	243.30	0.65	11.90
		244.20	245.50	1.30	21.39
IM-18-035		89.00	89.50	0.50	4.59
		100.65	102.00	1.35	11.00
		115.35	116.50	1.15	4.57
IM-18-036		125.60	126.10	0.50	9.45
		220.15	220.80	0.65	16.80
		297.80	299.00	1.20	3.77
		327.50	328.85	1.35	11.57
	INCLUDING	327.50	328.15	0.65	15.25
		344.50	347.50	3.00	14.25
		344.50	345.00	0.50	56.20
		347.00	347.50	0.50	26.00
		355.55	356.20	0.65	22.30
		398.60	399.50	0.90	17.90
		407.35	407.95	0.60	15.40
		409.15	409.70	0.55	4.11
		412.75	413.40	0.65	8.01
		414.15	414.65	0.50	16.75
IM-18-037	ABANDONED
IM-18-038		61.90	64.10	2.20	34.04
	INCLUDING	62.50	63.00	0.50	55.20
		66.00	70.60	4.60	20.34
	INCLUDING	67.00	68.30	1.30	30.20
		77.80	78.70	0.90	13.00
		81.80	100.00	18.20	12.54
	INCLUDING	81.80	82.60	0.80	26.20
	AND	84.20	85.00	0.80	34.60
	AND	85.00	86.50	1.50	25.90
	AND	91.00	92.50	1.50	15.80
	AND	92.50	93.00	0.50	16.30
	AND	96.00	97.00	1.00	13.75
		102.00	103.00	1.00	11.15
		104.00	104.60	0.60	5.90
		116.05	117.80	1.75	15.96
	INCLUDING	116.05	116.55	0.50	22.50
		171.40	172.50	1.10	46.21
	INCLUDING	171.40	172.00	0.60	80.60
		218.70	219.20	0.50	11.60
		223.75	224.25	0.50	91.90
		226.30	239.00	12.70	4.22
	INCLUDING	227.80	228.30	0.50	6.17
	AND	229.55	230.30	0.75	29.00
	AND	233.50	234.00	0.50	6.68
	AND	237.35	238.00	0.65	8.28
	AND	238.50	239.00	0.50	10.40
		244.00	249.65	5.65	17.91
	INCLUDING	244.00	245.00	1.00	10.70
	AND	248.35	249.65	1.30	67.00
IM-18-039		50.50	51.30	0.80	31.50
		54.85	60.70	5.85	22.87
	INCLUDING	54.85	56.10	1.25	44.60
	AND	59.00	60.00	1.00	61.50
	AND	60.00	60.70	0.70	11.00
		104.60	105.35	0.75	5.52
		112.80	113.30	0.50	12.15
		116.50	117.00	0.50	19.20
		120.00	120.50	0.50	4.81
		148.80	151.00	2.20	12.69
	INCLUDING	149.50	151.00	1.50	16.65
		192.40	193.30	0.90	4.52
		222.15	222.80	0.65	5.00
		244.70	247.65	2.95	7.53
	INCLUDING	247.15	247.65	0.50	15.50
		251.00	252.00	1.00	10.25
		282.70	284.30	1.60	7.65
	INCLUDING	283.60	284.30	0.70	10.05
IM-18-040		165.30	166.00	0.70	10.50
		176.15	181.00	4.85	7.17
	INCLUDING	176.15	176.80	0.65	4.58
	AND	178.80	179.30	0.50	31.70
	AND	180.50	181.00	0.50	9.02
		305.00	305.75	0.75	19.30
IM-18-041		25.90	30.20	4.30	36.41
	INCLUDING	25.90	26.50	0.60	31.00
	AND	27.00	27.80	0.80	114.00
	AND	27.80	28.45	0.65	40.90
	AND	28.45	29.00	0.55	20.10
		126.35	129.00	2.65	6.96
	INCLUDING	126.35	127.00	0.65	16.15
		159.25	160.75	1.50	19.20
		165.50	166.00	0.50	16.20
		217.50	218.20	0.70	4.09
IM-18-042		61.50	63.00	1.50	5.01
		190.00	191.50	1.50	5.39
IM-18-043		23.50	24.00	0.50	14.70
		24.60	25.15	0.55	5.65
		188.50	189.00	0.50	40.20
		193.40	194.15	0.75	17.65
		197.95	198.50	0.55	6.66
IM-18-044		18.75	19.60	0.85	16.95
		24.00	26.40	2.40	20.19
	INCLUDING	24.00	25.25	1.25	27.40
	AND	25.90	26.40	0.50	28.40
		127.35	128.00	0.65	4.46
		155.50	157.00	1.50	20.20
		315.50	316.90	1.40	14.65
		349.50	351.00	1.50	9.11
		350.50	351.00	0.50	17.65
IM-18-045		65.25	66.00	0.75	6.44
		227.65	228.55	0.90	48.60
		270.95	271.55	0.60	7.71
		273.35	273.85	0.50	11.90
		278.35	279.00	0.65	32.30
		284.20	284.70	0.50	9.08
		305.50	306.00	0.50	13.70
		322.60	323.45	0.85	7.53
		368.00	372.00	4.00	5.22
	INCLUDING	368.00	369.00	1.00	12.40
	AND	371.00	372.00	1.00	6.86
IM-18-046		282.50	283.00	0.50	5.35
		353.00	354.00	1.00	10.10
		447.90	456.15	8.25	14.36
	INCLUDING	447.90	449.00	1.10	11.05
	AND	452.00	452.65	0.65	45.30
	AND	453.85	455.00	1.15	13.25
		460.75	461.70	0.95	10.40
		474.00	475.00	1.00	11.10
		496.00	500.35	4.35	27.41
	INCLUDING	496.00	497.00	1.00	19.75
	AND	497.50	498.75	1.25	51.10
	AND	498.75	499.75	1.00	30.90
		520.30	520.80	0.50	13.75
		523.65	524.55	0.90	8.73
		536.70	537.70	1.00	19.40
IM-18-047		138.80	139.75	0.95	9.49
		213.15	213.65	0.50	5.34
		267.30	268.05	0.75	12.90
		269.10	269.65	0.55	12.60
		408.60	409.70	1.10	10.30
		421.50	428.50	7.00	11.68
	INCLUDING	421.50	422.25	0.75	12.70
	AND	422.80	423.60	0.80	29.80
	AND	426.40	427.10	0.70	12.50
	AND	427.85	428.50	0.65	47.40

True widths are estimated to be 50 to 75% of reported core length intervals. Intervals not recovered by drilling were assigned zero grade. Top cuts have not been applied to high grade assays.

Table 2: Drillhole Collar Orientations:
HOLE ID	AZIMUTH	DIP
IM-18-023	123	-65
IM-18-024	124	-64
IM-18-025	151	-50
IM-18-026	149	-60
IM-18-027	130	-58
IM-18-028	131	-53
IM-18-029	146	-60
IM-18-030	135	-44
IM-18-031	145	-59
IM-18-032	134	-45
IM-18-033	120	-65
IM-18-034	143	-57
IM-18-035	139	-58
IM-18-036	134	-54
IM-18-037	122	-65
IM-18-038	108	-44
IM-18-039	114	-53
IM-18-040	141	-51
IM-18-041	133	-50
IM-18-042	146	-44
IM-18-043	133	-47
IM-18-044	130	-63
IM-18-045	142	-45
IM-18-046	123	-67
IM-18-047	125	-55

Photos accompanying this announcement are available at

http://resource.globenewswire.com/Resource/Download/3af6cda1-f406-45df-8a9c-ee378d87ae84

http://resource.globenewswire.com/Resource/Download/6067136f-f7cf-479b-903b-2fcff490b1ea

http://resource.globenewswire.com/Resource/Download/f450833c-0f36-4dd5-86d6-b0047919d9ae