BCGold Corp fka BCG

[LGL8054]

Option Agreement With Kaiyue International Inc.


BCGold Corp. (or the "Company") (TSX VENTURE:BCG)(PINKSHEETS:BCGOF) is pleased
to announce that the Company has entered into a Letter Agreement with Kaiyue
International Inc. ("Kaiyue") (TSX VENTURE:KYU.P) whereby, subject to regulatory
approval, Kaiyue can earn up to a 70% interest in BCGold Corp.'s 100% controlled
Toe Property, Yukon.


BCGold Corp. has granted Kaiyue the option to acquire a 60% interest in the Toe
Property ("Property") by making $255,000 in cash payments, $1,900,000 in
exploration expenditures and issuing 400,000 shares of Kaiyue to BCGold Corp.
over a four year period. Kaiyue can earn an additional 10% interest in the
Property by completing a feasibility study, for a total interest of up to 70%.
In addition to regulatory approval, the Kaiyue option is subject to BCGold Corp.
and Kaiyue entering into a definitive option and joint venture agreement on or
before August 31, 2012.


The 1,600 hectare Toe Property is one of BCGold Corp.'s 16 Minto/Carmacks Copper
Gold Properties (15,925 hectares) in Yukon, strategically located proximal and
adjacent to Capstone Mining Corp.'s currently producing, high-grade copper-gold
Minto Mine and Copper North Mining Corp.'s Carmacks Copper Project. BCGold Corp.
is the largest land holder in the Carmacks Copper-Gold Belt, having spent
approximately $4 million in exploration expenditures over the past 4 years and
discovering 7 copper-gold mineralized zones.


The Toe Property is located 7 kilometers northwest of the Minto Mine and 255
kilometres northwest of Whitehorse, Yukon. The Toe Property is drill-ready and
hosts a number of copper-gold soil anomalies and "Minto-type" geophysical
targets. The Toe Property is subject to a 2.5% net smelter returns royalty
interest held by BCGold Corp. and a third party.


BCGold Corp. also announces that BCGold Corp. and Pacific-Link Capital Inc. have
mutually agreed to terminate the March 14, 2012 letter agreement regarding the
Toe Property.