June 24, 2009

BCGold Corp. Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 24, 2009) - BCGold Corp. (TSX VENTURE:BCG) ("BCGold" or the "Company") announces that it intends to complete a non-brokered private placement financing for proceeds of up to C$1,000,000 by issuance of up to 8.33 million non-flow-through units ("NFT Units") at a price of $0.06 per NFT Unit and up to 6.25 million flow-through units ("FT Units") at a price of $0.08 per FT Unit.

Each NFT Unit consists of one common share and one-half of a common share purchase warrant. Each whole such warrant entitles the holder to purchase one additional non-flow-through common share of the Company at a price of $0.12 per share for one year after the date of issuance.

Each FT Unit consists of one flow-through common share and one-half of a common share purchase warrant. Each whole such warrant entitles the holder to purchase one additional non-flow-through common share of the Company at a price of $0.15 per share for one year after the date of issuance.

The Company intends to use the proceeds of the private placement to continue generative and project exploration on the Company's Carmacks Copper-Gold and Engineer Mine properties, and for general working capital purposes.

Finder's fees may be payable in connection with the private placement. The above transaction will be subject to regulatory approval. The units issued will be subject to a four-month hold period from the date of issuance.

About BCGold Corp.

BCGold Corp. (TSX VENTURE:BCG) is a Vancouver-based junior resource company focused on copper and gold exploration in under-explored historic mining and exploration districts in British Columbia and Yukon. BCGold Corp. acquires and develops conceptual, early and mid-stage, exploration opportunities and advances them towards resource development by using internal expertise, engaging preferred joint venture partners, and creating strategic alliances with major exploration and mining companies.

On behalf of the Board of Directors,

Brian P. Fowler, P. Geo., President & CEO

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future payments, expenditures and unit issuances and exploration, development and production activities. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the timing of future payments, expenditures and unit issuances and the timing and success of future exploration, development and production activities.


Neither 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.

CONTACT INFORMATION:

BCGold Corp.
Investor Relations
(604) 646-1589
Fax: (604) 642-2411
info@bcgoldcorp.com
www.bcgoldcorp.com

INDUSTRY: Manufacturing and Production - Mining and Metals