Barkerville Receives Drill Permits For Exploration on Barkerville Mountain

Vancouver, BC - Barkerville Gold Mines Ltd. (the "Company") announces that it has received drilling permits for 900 drill holes totaling 193,500 meters of drilling from the Government of British Columbia for exploration on Barkerville Mountain located in central British Columbia. The permit takes in all of Barkerville Mountain, an area of approximately 2,700 hectares encompassing the Company's Bonanza Ledge proposed open pit mine (currently in the BC Mines Act review process) and the new discovery area originally announced in September (see News Releases Sept 20, 2010 and Oct 4th 2010).

Detailed drill plans for winter 2010/2011 drill programs at the new discovery zone as well as beneath and along strike of the Bonanza Ledge proposed open pit will be announced as they are finalized.

J. Frank Callaghan, President & CEO states: "With the Company's gold production now fully underway, we are pleased to be able to focus on accelerating gold resource expansion and exploration. In the past, most of our resources were spent on the delineation and permitting of our two original gold deposits. This large exploration permit allows us to now aggressively explore the Bonanza Ledge area to depths largely unexplored and along a 2 km strike corridor. An exciting addition is the new discovery area 100 meters away from the proposed open pit having bedrock trenching samples returning up to 618 g/t gold and will be an significant part of this winter's drill program".

About Barkerville Gold Mines Ltd.

The Company continues to develop its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The Company commenced operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the historic Cariboo goldfields encompass approximately 1,112 square km (112,484 hectares) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining. The Company began gold dore production at its QR Mine in September 2010 and has not hedged any future gold production.

On behalf of the Board of Directors

"J. Frank Callaghan"
J. Frank Callaghan
President and CEO
604-669-6463