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Re:   News - Thursday, February 10, 2011
      Barkerville Intercepts 16.7 Meters Grading 15.9 g/T Gold in
      Replacement Mineralization On Cow Mountain and Hits 32.6 Meters
      Grading 10.8 g/T Gold 190m NW of Cariboo Gold Quartz Mine
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Vancouver, BC -- Barkerville Gold Mines Ltd. (TSXV:BGM) (the "Company")
announces the final results from its 2010 drill program at Cow Mountain
and Barkerville Mountain. This last round of drilling for 2010 includes
the discovery of replacement style gold mineralization on Cow Mountain
and quartz-pyrite vein hosted gold mineralization approximately 190
meters mine grid NW of the Cariboo Gold Quartz proposed open pit mine.
 
Highlights include:

- 15.9 g/T gold over 16.7 meters (55.0 feet), including 42.0 g/T
  gold 3.0 meters (10.0 feet) and 27.3 g/T over 5 meters (16.4 feet) -
  (DDH CM10-13, semi massive to massive pyrite replacement mineralization
  in light grey/grey calcareous phyllite with lesser quartzite)

- 10.8 g/T gold over 32.6 meters (107.0 feet), including 30.6 g/T
  gold over 10.7 meters  (35.1 feet) - (DDH CM10-18, quartz-pyrite
  veins and pyrite blebs within argillite with lesser/minor quartzite,
  located approximately 190 meters mine grid NW of the proposed pit)

The Company also announces the start of the 2011 drill campaign on Cow
Mountain. This year's drill program is intended to extend the proposed
pit an additional 300 feet below the current resource level in an
effort to double the tonnage of the current NI43-101 resource.  At the
same time, drilling to twin some older, non-43-101 compliant drill
holes is underway in an effort to return the resource to historic
levels.  Additional drill plans for this year to expand on the two new
developments announced today will be forthcoming and the Company is
already permitted to drill another 178 drill holes on top of the
current 122 drill hole program underway on Cow Mountain.

J. Frank Callaghan states, "These are exciting developments around the
proposed Cariboo Gold Quartz mine.  The current NI43-101 resource and
our past drilling here have been based on gold hosted in a quartz
stockworks. Finding gold in replacement mineralization similar to the
style found at Bonanza Ledge and the neighboring historic Island
Mountain Mine brings a new dimension to Cow Mountain.  Additionally
encountering a higher grading gold in quartz-pyrite veins 190 meters
outside of the Cariboo Gold Quartz proposed open pit area really brings
up the potential to extend the mineralized area."
 
Additional drilling on Cow Mountain was done in 2010 to test the
footprint bounds of the Cariboo Gold Quartz proposed pit right to the
historic tailings lake at the foot of the mountain.
 
The Company drilled an additional 10 holes (included in the final 2010
drill results) on Barkerville Mountain that were designed to provide a
better understanding of the BC Quartz Vein and any possible extension
of fine-grained pyrite replacement mineralization around the Bonanza
Ledge gold deposit.
 
Full assay tables of the 2010 drill program are available on our
website. To view, please visit the following link:
http://www.barkervillegold.com/s/DrillResults.asp.

About Barkerville Gold Mines Ltd.

Since the mid 1990s the Company has focused on exploration and
development of gold projects in the Cariboo Mining District in central
B.C. The Company's mineral tenures now cover over 1,225 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 QR in February 2010 and the Company began
pouring dor� gold in September 2010. In November 2010, the Company
acquired a second permitted mill currently on care and maintenance in
Revelstoke, B.C. for relocation to the Barkerville Gold Camp near
Wells, B.C. and upgrade it to a 2,000-tonne/day facility subject to
government approvals. In November 2010 the Company and the Lhtako Dene
First Nation also signed a Project Agreement in relation to its Bonanza
Ledge and Cariboo Gold Projects. The Company has not hedged any of its
future gold production.

The technical information in this News Release has been reviewed and
approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as
defined in National Instrument 43-101.

On behalf of the Board of Directors
 
"J. Frank Callaghan"

J. Frank Callaghan
President and CEO

Tel:  (604) 669 - 6463

This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events and conditions
and therefore involve inherent risks and uncertainties. These
statements are only predictions and involve known and unknown risks,
uncertainties and other factors that may cause our or our industry's
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements.  While these forward-looking statements,
and any assumptions upon which they are based, are made in good faith
and reflect our current judgment regarding the direction of our
industry, actual results will almost always vary, sometimes materially,
from any estimates, predictions, projections, assumptions or other
future performance suggested herein. Except as required by applicable
law, the Company does not intend to update any of the forward-looking
statements to conform these statements to actual results. All phases of
the Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance that
the Company will obtain all the requisite permits for future
development. Mining is an inherently risky business with large capital
expenditures and cyclical metals markets.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

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Copyright (c) 2011 BARKERVILLE GOLD MINES LTD. (BGM)  All rights
reserved.  For more information visit our website at
http://www.barkervillegold.com or send mailto:info@barkervillegold.com
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