Barkerville Closes Acquisition of Additional Gold Mill Facility  

VANCOUVER, BC – Barkerville Gold Mines Ltd. reported that it has closed the purchase of the Goldstream Mill facility, tailings pond and related mineral leases through the acquisition (the "Acquisition") of Bethlehem Resources (1996) Corporation ("BRC").

It is the Company’s intention, subject to approvals, to relocate, refurbish and upgrade the Goldstream mill facility to a location in the vicinity of Cow Mountain, near Wells, BC, where two of the Company’s NI 43-101 gold resources and proposed open-pit deposits are located in Central British Columbia. Upon relocation, the Company plans to upgrade the mill with an additional ball mill and a carbon-in-pulp circuit, to an increased capacity of 2,000 tonnes per day. The Company’s Bonanza Ledge proposed open-pit mine on the adjacent Barkerville Mountain is currently in the BC Mines Act review process. The Cariboo Gold Project, encompassing Cow Mountain, is anticipated to re-enter the BC Environmental Assessment Process in the 4th Quarter of 2011. The Goldstream Mill is a custom mineral processing plant located in the Revelstoke Mining Division, approximately 90 km north of Revelstoke, BC. It is a permitted facility currently on care and maintenance, with available accommodation in the adjacent tailings pond for possible future operations. The Company continues to develop its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The Company commenced operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the historic Cariboo goldfields encompass approximately 1,112 square km (112,484 hectares) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining. The Company began gold dore production at its QR Mine in September 2010 and has not hedged any future gold production. The company’s address is 675 West Hastings Street, Vancouver, BC V6B 1N2, (604) 669-6463, fax: (604) 669-3041, email: [email protected].