Thu Feb 26, 2015
Barker Minerals Lodges a Fraud and Market Manipulation Complaint to the Royal Canadian Mounted Police on Trading and Settlement Irregularities

For Immediate Release

BM-15-233

Barker Minerals Lodges a Fraud and Market Manipulation Complaint to the Royal Canadian Mounted Police on Trading and Settlement IrregularitiesPrince George, B.C., February 26, 2015 -- Barker Minerals Ltd. ("BML" on TSX/V) (the "Company") reports that in follow-up to its last news release on trading and settlement irregularities dated January 9, 2012, BM-12-197 trading and settlement data has now been compiled on a continuous daily basis from January 2006 to the present. The review of the compiled results indicate that between January 1, 2006 and January 31, 2015 there were frequent ongoing irregular trading and settlement patterns which are indicative of "settlement failures" or "delayed settlements" in Barker's public market. As advised by Dr. Susanne Trimbath and special legal counsel, Wes Christian, the Company has recently submitted a formal complaint to the Royal Canadian Mounted Police (RCMP) which evidences the irregular patterns, identifies which institutions they are occurring in and when they occurred. It is clear that within this entire period of more than eight years there has rarely been a month without irregular trading and settlement patterns with most activity occurring around important Company events such as news releases on financings, exploration results and mining conventions etc., as well as around time periods of increasing or decreasing net changes of total Barker share holdings in the CDS system. The results of this compilation and review further confirm Mr. Christian's opinion in the March 10, 2014 news release BM-14-229. "It is quite apparent to me that the stock of Barker Minerals has continuously and systematically been manipulated to the detriment of the Company and shareholders." This irregular market activity has occurred in conjunction with ongoing malicious attacks on both the Company and its management, through relentless harassing phone calls with veiled threats and boasting of "continuing the naked shorting with a goal to not stop until management changes, or they drive the Company into bankruptcy." Other activities involve the distortion of public information, contacting financial institutions to try to thwart financing opportunities, defamation, slander and libel through various internet forums, emails and through person to person contact. Information the Pro Long System (PLS) Compiled Data Reveals
The continuous use of the Pro Long Strategy was first incorporated by Barker in November 2010. Barker has found the system effective and increasingly valuable with the monthly summary results very informative in providing transparency in a number of areas including that of trading and settlement activities in its public share market which would otherwise not be transparent. The daily collection and compilation of Barker's trading and settlement data using the PLS allows for early detection of irregular trading and settlement patterns which are indicative of failures to deliver. This is completed by accurately identifying which transactions are settled on a timely basis, settled by another broker, or never settled. Not only does PLS identify which brokerages are not settling as required, it also effectively identifies which brokerages are providing (lending or supplying) excess shares to other brokers which should otherwise have respectively been subtracted or added to their own individual holdings according to their net public market settlement activities. By process of elimination the Company can also determine which institutions are trading through Anonymous and Jitney. These irregular patterns appear indicative of a methodology used to effectively by-pass reporting requirements for shorting (ie: Naked Shorting) and evading the required settlement time period of 3+T. (3 days plus the day of trade) If this destructive activity is not stopped it will allow those responsible to basically continue to "take the money" at the detriment of investors and companies while at the same time degrading the integrity of the public marketplace. The only way to know where the abuses are occurring in the marketplace is to create better transparency for companies and investors, especially in the trading and settlement areas where much harm can be done. Improved transparency will allow for early detection of abnormal market trading and settlement activities in order to determine the cause of such irregularities which can be dealt with quickly. Barker's mineral properties exhibit district size potential which has been confirmed by numerous independent 3rd parties such as Provincial and Federal Government geologists and scientists, independent consultants, Foreign Government scientists and geologists and a number of major mining companies who have expressed serious interest in possible joint venture partnerships as Barker's initial discoveries are advanced and proven out through more drilling. The harm inflicted on Barker from this ongoing manipulation is severe and damages are considered to be significant, not only to Barker and its shareholders but to the Province and possibly the Country. The ongoing delay of the development of an important mineral district with high economic potential, for any reason, comes at a great price to all involved. Barker is considering its options regarding possible litigation and will continue to determine a potential damage model as per the request of special legal counsel Wes Christian. The Company is hopeful that any identified illegal activities will be stopped immediately and management can focus on advancing its easily accessible high potential mineral properties unimpeded by fraudulent illegal activity. Barker continues to monitor its trading and settlement activities on a daily basis and upon legal advice will from time to time continue to report trading and settlement irregularities to regulatory authorities where and when applicable. As recently as December 2014, Mr. Christian states: "After reviewing the detailed data compiled by Barker executives, it is obvious to me that the stock of Barker has been manipulated and a large amount of stock sold has not been delivered. This is indicative of the systemic problem I believe exists in the US and Canadian markets where the clearing systems are full of IOU's resulting in, in effect counterfeit shares." In conjunction with the above, Barker plans to investigate possible fund manager and/or market maker exemption abuses, misleading market depth patterns, possible use of nominee accounts, total broker holdings including IOU type accounts, historical stock trade ticket information, possible registered account abuses (RSP's and TFSA's) as well as stock borrowing pool activities. About James Wesley Christian
(http://www.csj-law.com/attorneys/jchristian.html)
Mr. Christian will provide legal advice, access to his wide network of professionals when and where required, and work together with management in developing the strategies to move the company forward in the most effective manner to stop these harmful and abusive activities from occurring, to hold those participants who are responsible accountable and to determine and recover any significant damages that were caused to the Company as a result of such activities. Mr. Christian's experience with market manipulation and irregular trading activities is vast and impressive, as is the expertise of the professionals that he brings with him as a team. Mr. Christian was part of the legal team representing such companies as Overstock.com, Eagletech Technologies and Taser International Inc. in their lawsuit and subsequent settlement with a number of U.S. brokerage firms. (Taser International Inc. lawsuit announcement) http://www.law360.com/articles/252507/bofa-goldman-others-settle-taser-short-selling-suit The legal consortium created by Mr. Christian is one of only a few which, on the merits of each case, consider representing companies on a "contingency arrangement", where the legal consortium provide legal services in return for a percentage of any monies received through litigation efforts. Typically the cases taken on by his team, amount to tens or hundreds of millions of dollars in damages. About Dr. Susanne Trimbath
Dr. Trimbath is a former operations manager for depository trust and clearing corporations in San Francisco and New York. Since 2003, STP has provided support, primarily in securities litigation, to law firms, investors, companies and regulators. STP services can be viewed on the following link: http://www.stpadvisors.com/ Dr. Susanne Trimbath, Ph.D. is CEO and Chief Economist of STP. Dr. Trimbath's credits include appearances on national television and radio programs (CNBC's Power Lunch and NPR's Marketplace and most recently The Wall Street Conspiracy Documentary) and the Emmy(r) Award nominated Bloomberg report Phantom Shares. Dr. Trimbath's articles appear in the national publications US Banker, The International Economy, The American Enterprise, and The Mergers & Acquisitions Advisor. Dr. Trimbath was formerly Senior Research Economist at the Milken Institute and Senior Advisor on the Russian capital markets project for KPMG. Dr. Trimbath taught at both the University of Southern California's Marshall School of Business and New York University's Department of Economics. She gained 20 years' experience in financial services operations at Depository Trust Company in New York, Pacific Depository Trust and Clearing Corporations in San Francisco and the Federal Reserve Bank of San Francisco. Historical Information
For details leading up to today's news release please refer to the following news releases: March 21, 2011 BM-11-173; April 18, 2011, BM-11-177; May 24, 2011 BM-11-180; July 26, 2011 BM-11-181; August 8, 2011 BM-11-183; September 8, 2011 BM-11-187 and October 24, 2011 BM-11-192. Then, the February 23, 2012 BM-12-200 news release reports the hiring of Dr. Trimbath for a follow-up review and the January 21, 2013 BM-13-217 release reports the results of her follow-up analysis confirming continued settlement failures. Subsequent to Dr. Trimbath's findings, Barker Minerals announced on March 10, 2014 BM-14-229 that James Wesley Christian joined the Company as special legal counsel regarding the irregularities exposed by trading and settlement event analysis. The data and results are deemed to be accurate as they are derived from reliable public sources and have also been validated through a number of checks through the compilation and interpretation process, as well as being confirmed by consultants who have vast expertise in this regard. About Barker Minerals
Barker Minerals is advancing exploration on its mineral properties in the Cariboo Gold District, one of the most mineralized belts in British Columbia. The Company has more than 20 projects on its exploration properties, all of which are 100% owned by Barker Minerals. Eight projects have drill-ready gold and/or massive sulphide targets. Certain statements in this press release may be considered forward-looking information, including those relating to "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns or unanticipated costs and expenses and other risks identified by the Company in its public securities filings -- that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.