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BGM Announces Filing of the Cariboo Gold Project Technical Report

TORONTO, July 11, 2019 /CNW/ - Barkerville Gold Mines Ltd. (TSXV:BGM.V - News) (the "Company" or "Barkerville") is pleased to report that it has filed on SEDAR the independent NI 43-101 Technical Report to present and support the results of the Mineral Resource Estimate Update and metallurgical testwork for the Cariboo Gold Project as per the Company's news release dated May 29, 2019. The technical report was prepared by InnovExplo Inc. and BBA Inc., both independents consulting firms based out of Val-d'Or, Québec and in Montréal, Québec.

Barkerville Gold Mines Ltd. (CNW Group/Barkerville Gold Mines Ltd.)

Qualified Persons

Each of Christine Beausoleil, P.Geo. and Carl Pelletier, P.Geo. of InnovExplo Inc. and Alain Dorval, P.Eng. of BBA Inc., is an independent "qualified person" (as defined in NI-43-101). Maggie Layman, P.Geo., Vice President of Exploration for Barkerville, is a "qualified person" (as defined in NI 43-101) for the Company. The Company strictly adheres to CIM Best Practice Guidelines in conducting, documenting, and reporting its exploration activities on the Cariboo Gold Project.

About the Cariboo Gold Project

The Company is focused on developing its extensive mineral rights package located in the historical Cariboo Mining District of central British Columbia. BGM's Cariboo Gold Project mineral tenures cover 1,950 square kilometers; along a strike length of 67 kilometers 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 upgrading and expanding the May 2018 43-101 resource within the 8 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 completing required studies to permit underground mining on Cow and Island Mountains.

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.

SOURCE Barkerville Gold Mines Ltd.

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