Barkerville Gold Mines Ltd.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Barkerville Gold Mines Ltd. has focused on the exploration and development of its gold projects in the Cariboo Goldfields in central British Columbia, Canada since 1994, terminus of the famous Cariboo Gold Rush.

On February 2, 2010 Barkerville Gold announced the acquisition of the QR Mine and Mill and all of its associated assets and that mining operations had commenced. On September 8, 2010 the Company poured its first gold bar and achieved full gold production.

PROJECT IN HAND

Cariboo Gold Project, Central British Columbia

Barkerville Gold's mineral tenures now cover over 1,147 square kilometers, encompassing seven past producing hard rock mines and three NI 43-101 gold deposits, including the QR Mine & Mill. The QR Property was acquired in February 2010 and includes a 900 tonne/day gold milling facility and a permitted gold mine located approximately 110 kilometers by highway and all-weather road from the Barkerville Gold Camp. Mining operations commenced at the QR West Zone in February 2011 and the Company began pouring gold dore bar in September 2010.

Barkerville intends to pour dore bars every 6-7 days as full production from the QR Mine continues. It is the Company's objective to achieve 50,000 ounces of gold production in its first year operation from a combination of ore from the QR Mine and the proposed Bonanza Ledge open pit mine, currently in the final stages of permitting.

The permitting of the Bonanza Ledge property should allow the Company to source addition mill-feed from its existing properties and raise the anticipated production goals for 2011 to 50,000 oz. In conjunction with gold production a number of aggressive drill programs have been initiated on the Company's Cariboo Gold Project with the goal of significantly expanding the existing 43-101 gold resources that have been identified to date.

Gold Resource Expansion and Exploration

• 5 drill campaigns planned for 2011
• Permitted to drill over 1,300 holes for over 300,000 meters
  • Cow Mountain: Permitted to drill 300 holes totaling 94,000 meters
  • Bonanza Ledge Zone: Permitted to drill 900 holes totaling 193,500 meters
  • Grouse Creek: Permitted to drill 92 holes totaling 14,000 meters
  • Red Gulch Zone (Island Mountain): A diamond drill program has begun at the Red Gulch Zone, an untested area northwest of Cow Mountain.
• 112,000 hectare mineral tenure in Cariboo Gold Belt
• 7 past producing mines on property
• Three N143-101 gold resources

Highlights:

1. Currently in the final throws of the permitting process to put its Bonanza Ledge Project into production
   • The Company is expecting to have a Mines Act permit for Bonanza Ledge sometime before the end of the 3rd quarter of fiscal 2012 (November 30th, 2011)
   • Given permit by the government to build, now complete, the 4 km haul road from the “proposed open pit” through a provincial park to the provincial highway.
   • Seeking a permit to put Bonanza Ledge ore through the Company’s 100% owned QR Mine and Mill for the first 2 years. A second mill (3,000 t/d) has been purchased and is planned to be relocated close to Bonanza Ledge and is anticipated to be up and running by the end of 2012.
2. Currently waiting for an updated resource calculation to be completed on all its 43-101deposits
   • Last resource update was completed in 2006. The company has  been drilling ever since (over 100 holes)
   • These are some of the highlight intercepts (world class) that will be included in the updated resource calculation expected to be completed November 2011:
     Bonanza Ledge
     • 84.4 meters of 16.5 g/t gold, including 37.5 meters of 36.1 g/t gold
     
     Cow Mountain
     • 19.9 meters of 83 g/t gold, including 821 g/t gold over 1.9 meters - the highest gold grade recorded to that date in the area by the Company
     • 3.4 meters of 459 g/t gold between 1,007 feet and 1,018 feet, including 0.8 meters of 1,942 g/t ( re-split 2,156 g/t)
     
     BC Vein
     • 4.6 meters of 28.7 g/t gold between 106.7 and 111.2 meters (BCV11-01), including 1.5 meters of 81.5 g/t gold between 109.7 and 111.2 meters
     • 14.1 meters of 6 g/t gold between 101.2 and 115.3 meters (BCV11-06), including 0.6 meters of 53.5 g/t gold between 107.0 and 107.6 meters
   • Currently awaiting more drill results from Cow Mountain’s new zone (Highlight results above)

Current NI 43-101 Gold Resources

MANAGEMENT

Management and Directors

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