Wednesday, May 01, 2013 4:15:01 PM
Provides Engineer Mine Update and
Announces Changes to Board of Directors
Vancouver, British Columbia, May 1, 2013 (TSX-V: BCG) – BCGold Corp. ("BCGold" or the "Company") announces that pursuant to terms of the March 3rd, 2013 Letter of Intent with Solid Holdings Ltd., both parties have agreed to extend the 45 day due diligence period to further refine capital and operating cost estimates for the proposed small tonnage gold mining operation. During this extended due diligence BCGold is permitted to pursue alternative Engineer Mine development opportunities with other parties. The Company is considering a number of expressions of interest received subsequent to the March 3rd, 2013 announcement.
BCGold also wishes to announce that Mr. John Kowalchuk, P.Geo., has joined the Company’s Board of Directors. Mr. Kowalchuk has served as technical advisor to BCGold’s board since the Company’s inception in 2006. Mr. Kowalchuk possesses more than 43 years of mineral exploration experience with both senior and junior mining companies working in Canada, US, Mexico, Chile and Nicaragua. He was Yukon and Northern B.C. District Geologist for Placer Dome for over 6 years and was instrumental in the discovery of several worldclass mineral deposits, including the Howard's Pass SEDEX lead-zinc deposits operated by the Selwyn Chihong Mining JV, and the Kerr-Sulphurets copper-gold porphyry deposits operated by Seabridge Gold. Mr. Kowalchuk is a director and officer of numerous junior exploration companies.
"We are very pleased that Mr. Kowalchuk has agreed to join the BCGold Board of Directors" states Brian P. Fowler, P.Geo., President and Chief Executive Officer of BCGold. "Mr. Kowalchuk’s extensive copper-gold exploration background and unique skill set is a natural complement for BCGold’s exploration and development strategy. Mr. Kowalchuk’s technical prowess and exploration insights will greatly assist the Company’s exploration, acquisition and growth strategies, particularly in B.C. and Yukon."
BCGold Corp. also announces that the Company has accepted board resignations from Messrs. Guy Le Bel and Wes Roberts. The board and management would like to thank Mr. Le Bel and Mr. Roberts for their respective contributions and wish them success in their future endeavors.
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