26-Feb-2016

BCGold Corp. Confirms Effective Date of Share Consolidation

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Vancouver, British Columbia, February 26, 2016 (TSX-V: BCG) - BCGold Corp. (“BCGold” orthe “Company”) is pleased to announce that it has received the approval of the TSX Venture Exchange for the consolidation of its issued and outstanding common shares on the basis of one new common share for every five common shares currently issued and outstanding. The Company’s shares will commence trading on the TSX Venture Exchange on a consolidated basis on Monday, February 29 2016. On a post-consolidation basis, BCGold will have approximately 8,357,557 common shares issued and outstanding. The Company’s name and trading symbol will remain the same.

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 Company 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,

Brian P. Fowler, P. Geo.
President & CEO

For further information, please contact:
Brian P. Fowler
Tel: 604-697-2401
Email: [email protected]

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.