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Message: Barkerville Gold Mines Reports Whole Hole Metallic Screen Fire with

Minor Lead Collection/Gravimetric Assay Results of Twenty Nine Diamond Drill Holes Conducted on Cow Mountain

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(via Thenewswire.ca)

Vancouver, BC / TNW-ACCESSWIRE / March 24, 2014 / Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company") announced today, results from complete hole metallic screen fire with minor lead collection/gravimetric assay results of twenty nine diamond drill holes conducted on Cow Mountain in 2011.

As recommended in the Company's NI 43-101 report dated December 31, 2012 (the "Technical Report", see News Release dated June 19 2013) and mentioned in the news release dated December 9, 2013, all reject samples from drill core that was originally analyzed in 2011 with standard fire assays and unassayed infill core samples from those same holes collected in 2013 have been sent for 1,000 g metallic screen and 50 g lead collection/gravimetric fire assay. Considering coarse grained gold is common in the area it has been determined that the original 30 g standard fire assay method possibly undervalued gold grade. Once all drill data has been received, the Company will provide a comparative analysis between new and original drill data. The Company will also provide an updated NI 43-101 resource estimate.

Metallic screen fire assay results of twenty nine drill holes have been received and significant intercepts are listed in Table 1. Highlights include:

CM11-32

-2.6 meters (8.6 feet) of 14.28 g/T (0.416 oz/t) gold between 50.0 and 52.6 meters (164.0 and 172.6 feet)

CM11-52

-0.7 meters (2.4 feet) of 67.64 g/T (1.973 oz/t) gold between 288.4 and 289.1 meters (946.2 and 948.6 feet)

-10.1 meters (33.0 feet) of 7.11 g/T (0.207 oz/t) gold between 378.0 and 388.0 meters (1,240.0 and 1,273.0 feet)

  • o.including 2.9 meters (9.6 feet) of 11.29 g/T (0.329 oz/t) gold between 378.0 and 380.9 meters (1,240.0 and 1,249.6 feet)

-1.6 meters (5.4 feet) of 11.48 g/T (0.335 oz/t) gold between 395.5 and 397.2 meters (1,297.6 and 1,303.0 feet)

CM11-62

-1.7 meters (5.6 feet) of 9.66 g/T (0.282 oz/t) gold between 34.1 and 35.8 meters (112.0 and 117.6 feet)

-1.7 meters (5.6 feet) of 6.90 g/T (0.201 oz/t) gold between 69.0 and 70.7 meters (226.4 and 232.0 feet)

CM11-63

-2.7 meters (9.0 feet) of 6.81 g/T (0.199 oz/t) gold between 111.0 and 113.8 meters (364.2 and 373.2 feet)

-3.2 meters (10.5 feet) of 7.24 g/T (0.211 oz/t) gold between 236.3 and 239.5 meters (775.1 and 785.6 feet)

-5.3 meters (17.4 feet) of 85.48 g/T (2.493 oz/t) gold between 273.7 and 279.0 meters (897.9 and 915.3 feet)

  • o.including 2.3 meters (7.6 feet) of 194.9 g/T (5.684 oz/t) gold between 273.7 and 276.0 meters (897.9 and 905.5 feet)

CM11-65A

-2.8 meters (9.3 feet) of 7.115 g/T (0.208 oz/t) gold between 80.0 and 82.8 meters (262.5 and 271.8 feet)

CM11-80B

-2.2 meters (7.2 feet) of 8.24 g/T (0.240 oz/t) gold between 127.1 and 129.3 meters (417.0 and 424.2 feet)

CM11-85

-1.8 meters (5.8 feet) of 13.75 g/T (0.401 oz/t) gold between 284.7 and 286.5 meters (934.2 and 940.0 feet)

CM11-86

-10.2 meters (33.6 feet) of 16.22 g/T (0.473 oz/t) gold between 181.8 and 192.0 meters (596.4 and 630.0 feet)

  • o.including 2.3 meters (7.6 feet) of 61.86 g/T (1.804 oz/t) gold between 188.4 and 190.7 meters (618.1 and 625.7 feet)

CM11-88

-2.4 meters (7.9 feet) of 23.14 g/T (0.675 oz/t) gold between 233.8 and 236.2 meters (767.0 and 774.9 feet)

CM11-91

-2.9 meters (9.6 feet) of 11.28 g/T (0.329 oz/t) gold between 170.9 and 173.8 meters (560.6 and 570.2 feet)

CM11-97

-0.5 meters (1.8 feet) of 63.44 g/T (1.850 oz/t) gold between 78.2 and 78.7 meters (256.5 and 258.3 feet)

-2.0 meters (6.5 feet) of 6.20 g/T (0.181 oz/t) gold between 100.6 and 102.5 meters (329.9 and 336.4 feet)

CM11-99

-4.4 meters (14.5 feet) of 8.00 g/T (0.233 oz/t) gold between 112.6 and 117.0 meters (369.3 and 383.8 feet)

-1.3 meters (4.2 feet) of 9.07 g/T (0.265 oz/t) gold between 190.4 and 191.7 meters (624.7 and 628.9 feet)

CM11-105

-2.5 meters (8.2 feet) of 9.08 g/T (0.265 oz/t) gold between 26.5 and 29.0 meters (87.0 and 95.2 feet)

-2.9 meters (9.6 feet) of 12.20 g/T (0.356 oz/t) gold between 176.0 and 178.9 meters (577.4 and 587.0 feet)

-2.9 meters (9.4 feet) of 17.36 g/T (0.506 oz/t) gold between 223.3and 226.2 meters (732.6 and 742.0 feet)

  • o.including 1.9 meters (6.2 feet) of 25.98 g/T (0.758 oz/t) gold between 224.3 and 226.2 meters (735.8 and 742.0 feet)

CM11-106

-2.0 meters (6.7 feet) of 13.00 g/T (0.379 oz/t) gold between 44.8 and 46.8 meters (147.0 and 153.7 feet)

CM11-107

-1.4 meters (4.5 feet) of 8.29 g/T (0.242 oz/t) gold between 226.8 and 228.2 meters (744.2 and 748.7 feet)

CM11-108

-1.3 meters (4.4 feet) of 9.20 g/T (0.268 oz/t) gold between 112.5 and 113.8 meters (369.0 and 373.4 feet)

CM11-109

-1.2 meters (4.0 feet) of 23.38 g/T (0.682 oz/t) gold between 215.5 and 216.7 meters (707.0 and 711.0 feet)

CM11-124

-1.1 meters (3.6 feet) of 7.12 g/T (0.208 oz/t) gold between 153.8 and 254.9 meters (504.7 and 508.3 feet)

Table 1. SIGNIFICANT INTERCEPTS OF THE WHOLE HOLE METALLIC SCREEN FIRE

WITH MINOR LEAD COLLECTION/GRAVIMETRIC ASSAYS OF BOTH REJECT & INFILL CORE

SAMPLES OF DRILL HOLES CONDUCTED ON COW MOUNTIAN IN 2011

HOLE ID

CORE SAMPLING INTERVAL

METALLIC FIRE ASSAY

From

To

WIDTH

Feet

Meter

Au (g/T)

Au (oz./t)

CM11-32

164.0

172.6

8.6

2.6

14.28

0.416

176.4

180.9

4.5

1.4

1.03

0.030

423.2

425.2

2.0

0.6

3.40

0.099

465.5

467.5

2.0

0.6

17.13

0.500

552.4

553.5

1.1

0.3

2.45

0.071

CM11-52

299.0

302.6

3.6

1.1

2.05

0.060

315.4

317.4

2.0

0.6

5.24

0.153

472.5

473.7

1.2

0.4

6.20

0.181

570.8

573.3

2.5

0.8

2.38

0.069

611.0

613.0

2.0

0.6

3.06

0.089

946.2

948.6

2.4

0.7

67.64

1.973

1140.6

1142.6

2.0

0.6

1.81

0.053

1186.2

1187.6

1.4

0.4

1.23

0.036

1224.3

1228.5

4.2

1.3

2.38

0.069

1240.0

1273.0

33.0

10.1

7.11*

0.207*

including

1240.0

1249.6

9.6

2.9

11.29*

0.329*

1297.6

1303.0

5.4

1.6

11.48*

0.335*

CM11-53

98.7

101.2

2.5

0.8

1.86

0.054

362.0

372.4

10.4

3.2

2.48*

0.072*

387.4

388.5

1.1

0.3

1.21

0.035

408.2

409.7

1.5

0.5

4.36

0.127

421.6

426.5

4.9

1.5

4.69

0.137

879.0

881.3

2.3

0.7

2.75

0.080

982.7

987.4

4.7

1.4

1.64

0.048

CM11-60

839.0

843.2

4.2

1.3

3.25

0.095

CM11-62

112.0

117.6

5.6

1.7

9.66

0.282

226.4

253.6

27.2

8.3

1.67*

0.049*

including

226.4

232.0

5.6

1.7

6.90*

0.201*

629.9

637.6

7.7

2.3

1.57

0.046

CM11-63

364.2

373.2

9.0

2.7

6.81

0.199

499.6

510.5

10.9

3.3

2.98

0.087

545.9

547.5

1.6

0.5

1.18

0.034

775.1

785.6

10.5

3.2

7.24*

0.211*

802.2

807.1

4.9

1.5

2.47

0.072

897.9

915.3

17.4

5.3

85.48*

2.493*

including

897.9

905.5

7.6

2.3

194.9*

5.684*

991.3

994.1

2.8

0.9

10.67

0.311

1020.8

1025.2

4.4

1.3

2.26

0.066

1106.1

1113.1

7.0

2.1

3.39*

0.099*

1339.3

1344.1

4.8

1.5

3.12

0.091

1467.8

1472.6

4.8

1.5

1.58

0.046

CM11-65A

147.0

148.3

1.3

0.4

3.94

0.115

242.8

258.7

15.9

4.8

1.621*

0.047*

262.5

271.8

9.3

2.8

7.115*

0.208*

345.2

351.0

5.8

1.8

1.14

0.033

CM11-80A

288.2

317.0

28.8

8.8

1.21*

0.035*

813.0

830.1

17.1

5.2

1.51*

0.044*

CM11-80B

129.9

137.0

7.1

2.2

4.97

0.145

277.0

280.9

3.9

1.2

2.64

0.077

337.0

342.6

5.6

1.7

2.55

0.074

417.0

424.2

7.2

2.2

8.24

0.240

CM11-85

77.4

86.4

9.0

2.7

2.12

0.062

394.8

395.8

1.0

0.3

2.53

0.074

401.9

409.5

7.6

2.3

2.63*

0.077*

679.2

681.3

2.1

0.6

22.10

0.645

695.8

703.5

7.7

2.3

1.52

0.044

735.2

747.0

11.8

3.6

2.19*

0.064*

934.2

940.0

5.8

1.8

13.75*

0.401*

1010.4

1013.0

2.6

0.8

1,942

56.64

CM11-86

117.0

127.0

10.0

3.0

2.20

0.064

177.0

202.4

25.4

7.7

1.14*

0.033*

252.2

254.2

2.0

0.6

1.08

0.031

316.0

317.0

1.0

0.3

17.44

0.509

511.5

514.0

2.5

0.8

1.27

0.037

532.3

533.4

1.1

0.3

20.61

0.601

596.4

630.0

33.6

10.2

16.22*

0.473*

including

618.1

625.7

7.6

2.3

61.86*

1.804*

729.7

732.3

2.6

0.8

1.11

0.032

890.3

897.0

6.7

2.0

1.01

0.029

CM11-88

30.0

38.2

8.2

2.5

1.35

0.039

43.9

44.9

1.0

0.3

14.27

0.416

62.1

71.6

9.5

2.9

6.64*

0.194*

87.0

95.2

8.2

2.5

1.96

0.057

110.1

118.3

8.2

2.5

3.14*

0.092*

131.5

132.6

1.1

0.3

12.57

0.367

368.6

395.9

27.3

8.3

3.74*

0.109*

422.9

433.2

10.3

3.1

3.98*

0.116*

469.0

470.8

1.8

0.5

2.73

0.080

499.0

500.2

1.2

0.4

68.60

2.001

550.3

553.9

3.6

1.1

1.83

0.053

767.0

774.9

7.9

2.4

23.14

0.675

1027.0

1035.0

8.0

2.4

1.58

0.046

CM11-91

48.7

52.6

3.9

1.2

1.54

0.045

344.1

349.6

5.5

1.7

1.28

0.037

424.9

425.8

0.9

0.3

4.75

0.139

443.1

445.1

2.0

0.6

2.97

0.087

483.2

488.2

5.0

1.5

3.06

0.089

525.4

534.7

9.3

2.8

3.75

0.109

550.2

590.1

39.9

12.2

3.78*

0.110*

including

560.6

570.2

9.6

2.9

11.28*

0.329*

706.4

707.5

1.1

0.3

1.20

0.035

1132.5

1136.5

4.0

1.2

1.33

0.039

1274.8

1276.1

1.3

0.4

1.71

0.050

1314.8

1316.6

1.8

0.5

4.13

0.120

1404.3

1405.9

1.6

0.5

2.95

0.086

CM11-95

227.0

235.1

8.1

2.5

2.07*

0.060*

265.9

274.8

8.9

2.7

1.28*

0.037*

435.5

438.3

2.8

0.9

2.00

0.058

563.0

567.0

4.0

1.2

1.70**

0.050**

CM11-96

42.6

47.2

4.6

1.4

1.22*

0.035*

215.0

216.3

1.3

0.4

5.79

0.169

480.4

482.2

1.8

0.5

4.03

0.118

495.4

504.4

9.0

2.7

1.00

0.029

580.6

589.7

9.1

2.8

1.19*

0.035*

CM11-97

124.7

127.0

2.3

0.7

2.59

0.076

150.7

151.9

1.2

0.4

10.19

0.297

184.4

188.7

4.3

1.3

1.66*

0.048*

202.2

215.4

13.2

4.0

3.76*

0.110*

256.5

258.3

1.8

0.5

63.44

1.850

270.7

271.7

1.0

0.3

1.19

0.035

276.2

281.5

5.3

1.6

1.52*

0.044*

299.2

301.9

2.7

0.8

1.08

0.031

308.4

311.4

3.0

0.9

1.24*

0.036*

316.2

317.6

1.4

0.4

5.40

0.157

329.9

336.4

6.5

2.0

6.20*

0.181*

1153.0

1154.3

1.3

0.4

1.02

0.030

CM11-99

22.0

38.7

16.7

5.1

1.29*

0.038*

47.0

56.6

9.6

2.9

2.69*

0.078*

187.3

198.4

11.1

3.4

5.68*

0.166*

269.6

282.3

12.7

3.9

2.03*

0.059*

369.3

383.8

14.5

4.4

8.00*

0.233*

577.0

579.4

2.4

0.7

8.02

0.234

598.9

600.0

1.1

0.3

16.58

0.484

624.7

628.9

4.2

1.3

9.07

0.265

648.8

660.0

11.2

3.4

5.14*

0.15*

888.4

895.5

7.1

2.2

1.32*

0.039*

969.0

970.4

1.4

0.4

1.15

0.034

1058.4

1060.8

2.4

0.7

1.82

0.053

CM11-103

145.6

150.4

4.8

1.5

2.65*

0.077*

168.8

170.1

1.3

0.4

5.13

0.150

183.0

184.2

1.2

0.4

1.75

0.051

231.3

232.4

1.1

0.3

7.83

0.228

302.1

317.0

14.9

4.5

3.49*

0.102*

CM11-104

Abandoned drill hole, no significant (>= 0.4 g/T) intercept

CM11-105

87.0

95.2

8.2

2.5

9.08

0.265

370.3

371.9

1.6

0.5

2.01

0.059

453.9

455.9

2.0

0.6

4.62

0.135

481.0

487.6

6.6

2.0

2.77

0.081

524.4

529.9

5.5

1.7

3.53

0.103

577.4

596.4

19.0

5.8

6.40*

0.187*

including

577.4

587.0

9.6

2.9

12.20*

0.356*

624.1

627.0

2.9

0.9

1.83

0.053

648.0

651.5

3.5

1.1

3.18

0.093

732.6

742.0

9.4

2.9

17.36*

0.506*

including

735.8

742.0

6.2

1.9

25.98

0.758

998.0

1006.5

8.5

2.6

1.12

0.033

CM11-106

70.0

86.9

16.9

5.2

1.53*

0.044*

147.0

153.7

6.7

2.0

13.00

0.379

243.0

284.2

41.2

12.6

2.31*

0.067*

311.1

317.0

5.9

1.8

6.00

0.175

1087.0

1091.1

4.1

1.2

1.60

0.047

1461.1

1467.4

6.3

1.9

2.43

0.071

CM11-107

375.5

389.0

13.5

4.1

1.91*

0.056*

455.5

459.5

4.0

1.2

2.41

0.070

732.5

737.0

4.5

1.4

7.98

0.233

744.2

748.7

4.5

1.4

8.29

0.242

963.0

983.7

20.7

6.3

4.10*

0.119*

1349.0

1352.0

3.0

0.9

1.49

0.043

CM11-108

162.6

167.2

4.6

1.4

1.14

0.033

172.1

178.3

6.2

1.9

3.82*

0.111*

185.2

200.5

15.3

4.7

1.69*

0.049*

369.0

373.4

4.4

1.3

9.20

0.268

699.0

704.7

5.7

1.7

1.05

0.031

966.7

973.0

6.3

1.9

3.17

0.092

977.4

986.1

8.7

2.7

2.22

0.065

1397.0

1402.4

5.4

1.6

1.08

0.031

CM11-109

200.9

205.1

4.2

1.3

4.77

0.139

254.0

255.5

1.5

0.5

2.34

0.068

434.8

436.2

1.4

0.4

4.51

0.132

707.0

711.0

4.0

1.2

23.38

0.682

764.1

765.7

1.6

0.5

2.71

0.079

948.0

949.2

1.2

0.4

5.45

0.159

1221.7

1224.8

3.1

0.9

1.14

0.033

1347.0

1348.0

1.0

0.3

10.31

0.301

1384.0

1391.9

7.9

2.4

2.13*

0.062*

1446.7

1448.2

1.5

0.5

14.03

0.409

CM11-110

149.1

150.5

1.4

0.4

6.06

0.177

262.2

270.5

8.3

2.5

3.18

0.093

301.6

303.7

2.1

0.6

2.02

0.059

330.3

335.3

5.0

1.5

4.46

0.130

667.9

670.7

2.8

0.9

1.165**

0.034**

920.7

922.9

2.2

0.7

2.09

0.061

CM11-111

94.7

97.5

2.8

0.9

1.02

0.030

185.2

188.7

3.5

1.1

1.09

0.032

CM11-121

1138.8

1140.4

1.6

0.5

1.19

0.035

1484.2

1493.3

9.1

2.8

2.34*

0.068*

1504.0

1505.2

1.2

0.4

9.49

0.277

CM11-123

331.5

347.0

15.5

4.7

1.97*

0.057*

448.7

477.0

28.3

8.6

4.38*

0.128*

645.1

649.7

4.6

1.4

1.62

0.047

654.7

658.8

4.1

1.2

4.58

0.134

837.0

852.7

15.7

4.8

4.42*

0.129*

CM11-124

125.8

127.0

1.2

0.4

2.27

0.066

185.8

190.3

4.5

1.4

1.84*

0.054*

286.5

292.5

6.0

1.8

3.14*

0.092*

504.7

508.3

3.6

1.1

7.12

0.208

575.5

583.3

7.8

2.4

1.11*

0.032*

617.0

634.1

17.1

5.2

1.51***

0.044***

715.2

718.1

2.9

0.9

14.73

0.430

732.5

733.5

1.0

0.3

3.72

0.108

Note: Uncut and uncapped grade; * weighted grade; ** lead collection/gravimetric assays

*** weighted intercept of both metallic & lead collection/gravimetric assay results

All the significant intercepts in CM11 drill holes described above and in Table 1 may not be the true width. Due to the complexity of analyzing three types of quartz veins; namely, strike, diagonal & orthogonal veins, the true width will be determined after the Company's 3D geological model is updated.

The standard fire assay technique was conducted on a relatively small (30 g) aliquot of sample material that may or may not be truly representative of the gold content of the sample as a whole, particularly if coarse gold or visible gold is present that is notoriously difficult to homogenize within a sample pulp. The Metallic Screen technique utilized in the Company's Double Assay Program effectively evaluates 1,000 grams of pulverized material for each sample and was specifically developed by laboratories to measure coarse or visible gold within pulverized sample materials to provide a more representative estimate of overall gold content.

The collection of reject samples, infill core sampling and core sample cutting of 239 Cow Mt. drill holes conducted in 2007, 2009, 2010 & 2011 has been completed. News on complete holes that include metallic screen fire assay results of reject samples and lead collection fire assay results of previously unassayed infill core samples will be published as they become available. The Company is in the process of utilizing this information to update the drill hole database.

Drill core processing included descriptive logging and sampling for geochemical analyses. The NQ-size drill core was cut/split in two halves using saws at the Company's Lowhee Creek Compound in Wells-Barkerville, central B.C. One-half of the core is put in a sample bag. After all the samples are placed in the rice bags at the mine site, they are transported by BGM's personnel to a shipping company in Quesnel for trans-shipment to ACME Analytical Laboratories Ltd. in Vancouver, which is under the Bureau Veritas Group Company, for analysis. Sample preparation and geochemical assaying is done at ACME, following their own internal standards for quality control and verification. The gold assaying method uses a 1,000 g metallic screen gold assay and 50 g lead collection fire assay. ACME is certified under the Assayers Certification Program of B.C.

The information contained in this news release has been reviewed and approved by the Company's Chief Geologist Jim Yin, Ph.D., a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

"J. Frank Callaghan"

J. Frank Callaghan

President and CEO

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