Barkerville Gold Mines Ltd

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) (the "Company") reports the discovery of the second visible gold ("VG")-cosalite-pyrite-quartz mineralized zone returning up to 1,942 g/T or 56.635 oz/t (resplit 2,156 g/T or 62.875 oz/t) gold – the highest gold grade recorded to date in the area. The new zone is parallel/sub-parallel to the first VG-cosalite-quartz-pyrite zone on Cow Mt. reported by the company on June 27 and July 26, and is about 305 meters (1,000 feet) to the mine grid east. Both zones, running mine grid south and north, are outside the perimeter of the proposed Cariboo Gold Quartz ("CGQ") open pit on the northwest and west flanks of Cow Mountain on the company's project in central British Columbia.

A third mineralized zone, located mine grid southeast of the proposed CGQ open pit, returned assays grading up to 102 g/T (2.975 oz/t) gold in drill hole CM11-44, is controlled by drill holes CM11-28B 29 on Pad G, CM11-43 on Pad H, CM11-44 45 on Pad M, and CM11-46, 47 48 on Pad J-K. The size of the controlled area of the zone is approximately 15 meters (50 feet) around.

The new VG-cosalite-quartz-pyrite zone is controlled respectively by drill holes CM11-85 86 on drill pad W, CM11-83 84 on pad V, M11-93 on pad X6, and CM11-97 on X2 at present, which is about 244 long meters (800 feet). It is preliminarily interpreted that the zone plunges at depth to the mine grid south. Drilling of CM11-97 is still in progress.

For the first time, it is confirmed that, in addition to pyrite, quartz and cosalite (a bismuth and lead sulphide mineral) are also the dominant minerals to carry gold, especially visible gold. Length of visible gold in a quartz vein in CM11-85 is up to 0.7 centimeter and that in drill hole CM11-93 is 0.25-0.50 cm in size.

Drilling on Cow Mountain continues. The Company currently has five drill rigs in operation and a sixth is en route. Results will be released as they become available. Highlights are as follows (see full Table 1 below) and drill sections will be posted on the company's website at www.barkervillegold.com:

CM11-86
• 10.2 m (33.6 feet) of 4.37 g/T (0.101 oz/t) gold between 596.4' and 630.0'

CM11-85
• 2.7 m (8.8 feet) of 23.5 g/T (0.684 oz/t) gold between 934.2' and 943.0'
– including 0.5 m (1.5 feet) of 130 g/T (3.791 oz/T) gold between 938.5' and 940.0'

• 3.4 m (11.0 feet) of 459 g/T (13.393 oz/t) gold between 1,007' and 1,018'
– including 0.8 m (2.6 feet) of 1,942 g/T or 56.635 oz/T (resplit 2,156 g/T or 62.875 oz/t) gold between 1,010.4' and 1,013.0'.

CM11-84
• 3.2 m (10.6 feet) of 11.5 g/T (0.336 oz/t) gold between 296.4' and 307.0'
• 5.5 m (18.0 feet) of 3.48 g/T (0.102 oz/t) gold between 749.0' and 767.0'

CM11-83
• 10.8 m (35.4 feet) of 7.69 g/T (0.224 oz/t) gold between 731.6' and 767.0'
– including 1.7 m (5.6 feet) of 30.5 g/T (0.889 oz/t) gold between 751.4' and 757.0'

CM11-46
• 4.1 m (13.3 feet) of 6.02 g/T (0.175 oz/t) gold between 196.8' and 210.1'

CM11-45
• 1.2 m (3.9 feet) of 24.2 g/T (0.706 oz/t) gold between 208.0' and 211.9'

CM11-44
• 9.1 m (29.9 feet) of 7.90 g/T (0.230 oz/t) gold between 147.0' and 176.9'
– including 2.2 m (7.3 feet) of 29.0 g/T (0.846 oz/t) gold between 166.6' and 173.9'
• 6.2 m (20.3 feet) of 14.9 g/T (0.434 oz/t) gold between 227.0' and 247.3'
– including 0.6 m (1.9 feet) of 102 g/T (2.975 oz/t) gold between 233.0' and 234.9'
• 5.3 m (17.3 feet) of 12.4 g/T (0.360 oz/t) gold between 767.6' and 784.9'
– including 1.3 m (4.3 feet) of 44.0 g/T (1.283 oz/t) gold between 777.2' and 781.5'

CM11-43
• 5.5 m (17.9 feet) of 3.38 g/T (0.099 oz/t) gold between 775.9' and 798.3'

CM11-29
• 3.8 m (12.4 feet) of 5.24 g/T (0.153 oz/t) gold between 146.0' and 158.4'
– including 0.4 m (1.3 feet) of 46.0 g/T (1.341 oz/t) gold between 156.4' and 157.7'

CM11-28B
• 3.2 m (10.6 feet) of 5.80 g/T (0.169 oz/t) gold between 446.0' and 456.6'

TABLE 1