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BCGold Corp. Announces Closing of Qualifying Transaction, Voigtberg Property, Completion of Drill Program by Project Partner, Completion of Financing and New Stock Symbol

September 15, 2006 – BCGold Corp. ("BCGold") is pleased to announce the closing of its Qualifying Transaction under the policies of the TSX Venture Exchange, subject to the receipt of final approval of the TSX Venture Exchange. BCGold has issued 100,000 units to Kaminak under the option agreement signed with Kaminak Gold Corporation ("Kaminak"), whereby BCGold can acquire up to a 70% interest in a group of claims known as the Voigtberg property, located in the Iskut River Area, Liard Mining Division, British Columbia. In addition, BCGold has closed a private placement which was increased from its initial announcement to $1.0 million due to oversubscription.

The common shares of BCGold are expected to resume trading on the TSX Venture Exchange as of Wednesday, September 20, 2006 under a new trading symbol "BCG".

Voigtberg Property
The Voigtberg property covers approximately 20.6 km 2 of mountainous terrain in northwestern British Columbia, 140 km northwest of Stewart and 30km east of the Galore Creek deposit. Highway 35 is located approximately 25 kilometres to the southeast.

The Voigtberg property has been sporadically explored since the early 1980’s, by Lac Minerals, Hemlo Gold Mines and lastly by Hayden Resources. Between 1984 and 1996, an estimated $700,000 of exploration was carried out on the Voigtberg property that included 8.9 line-km of induced polarization survey and 455 metres of diamond drilling.

Three zones of alteration and mineralization have been recognized on the property: Gossan, Gold and North zones. The Gossan Zone is intensely clay-sericite-pyrite altered porphyry with 6-10% pyrite; gold grades within it are generally low, but a 16.1 g/tonne Au sample was reported in 1991. The Gold Zone consists of sericite-carbonate-chlorite-pyrite altered tuff, with abundant surface grab samples in the range of 100 ppb to 1.5 g/tonne Au. The area of alteration is overlain by a 400 x 700 m soil geochemical anomaly with elevated Au (>205 ppb) and Cu (>238 ppm) values.

The North Zone covers an area of 900 x 600 m marked by >100 ppm Mo and >250 ppm Cu in soil geochemistry. Geology and alteration are similar to the Gold Zone, but rocks show higher Ag, Cu and Mo, relative to the Au levels. The North and Gold zones are marked by chargeability and resistivity highs.

Three diamond drill holes totalling 455 metres were cored from a single site within the Gold Zone in 1996 by Hayden Resources. These holes were drilled entirely within low-grade pyritic gold mineralization, averaging 263 ppb (0.263 g/tonne) Au over their entire length. Hole VGT96-3 bottomed in mineralization, with the last sample grading 2.01 g/tonne Au over 2.45 metres.

It appears that the Gold Zone represents a pyrite-Au halo associated with a porphyry system. The consistently elevated Au values within the pyrite-Au halo deserve investigation for their potential for bulk-tonnage low-grade mineralization, as does the property’s potential for porphyry mineralization.

An independent geological report (the "Report") has been prepared by Murray Jones, P.Geo. and Adam Simmons, M.Sc. of Equity Engineering Ltd. of Vancouver, British Columbia for the Voigtberg property in accordance with National Instrument 43-101 and has been filed and is available under BCGold’s profile on SEDAR at www.sedar.com. 2006 Prospecting Results

BCGold’s project partner Kaminak contracted Equity Engineering Ltd. of Vancouver, British Columbia to map and prospect the Voigtberg claims in July 2006. Prospecting 400m from the known "Gold Zone" (see Kaminak press release dated August 22, 2006) identified an area approximately 80m by 80m of surface bedrock molybdenum mineralization. This represents the first recorded molybdenum occurrence on the 2060 hectare property. A total of eight grab samples were collected from the area yielding an overall average of 0.211% Mo (0.353% MoS2). Six of these samples assayed >0.10% Mo (0.167% MoS2). The highest assay graded 0.404% Mo (0.647% MoS2). Mineralization is hosted in fractured and potassium altered volcanic rocks proximal to an interpreted porphyry core.

2006 Drilling Update
Kaminak has now completed the previously announced diamond drill program at Voigtberg (see Kaminak press release dated September 14, 2006). The program consisted of four drill holes, totaling 717.09 metres, designed to test known surface gold mineralization and targets identified by previous drilling on the property (see Kaminak press release dated August 22, 2006). In addition, the drill program tested the depth extent of the new molybdenum occurrences. Core samples have been shipped to ALS Chemex Labs of Vancouver for analyses (ISO 17025 accredited laboratory). Drill core assay results are expected within six weeks.

Murray Jones, P.Geo. of Equity Engineering Ltd. of Vancouver, British Columbia is the Qualified Person who prepared the Report in respect of the Voigtberg property and has reviewed the technical contents of this news release.

Overview of Acquisition
At the closing of the Acquisition, BCGold issued an initial 100,000 units (the "Initial Units") to Kaminak under an option agreement between BCGold and Kaminak dated August 18, 2006, each Initial Unit consisting of one common share of BCGold and one-half of one common share purchase warrant, each whole warrant being exercisable to purchase one common share at $0.40 per share until September 15, 2007.

In addition to the issuance of Initial Units above, to earn a 60% interest in the Voigtberg Property, BCGold must:

  1. issue an additional 100,000 units (the "Additional Units") to Kaminak on each of September 15, 2007, 2008 and 2009 for an aggregate of 300,000 Additional Units, each Additional Unit consisting of one common share of BCGold and one-half of one common share purchase warrant, each whole warrant being exercisable for one year following the date of issuance to purchase one common share at an exercise price to be determined by taking the weighted average closing price of the common shares of BCGold for the twenty consecutive trading days immediately prior to the date of issuance plus 25%;
  2. incur minimum exploration expenditures over a four-year period as follows:
    • $350,000 on or before September 15, 2007;
    • $350,000 on or before September 15, 2008;
    • $650,000 on or before September 15, 2009; and
    • $650,000 on or before September 15, 2010;
  3. operate the exploration program after November 1, 2006.

Upon incurring $1,000,000 in exploration expenditures and issuing 200,000 of the Additional Units, BCGold will have earned a 50% interest in the Voigtberg property and, upon the issuance of all of the remaining 100,000 Additional Units, incurring all of the expenditures and operating the exploration program as set out above, BCGold will have earned a 60% interest in the Voigtberg property. BCGold may earn an additional 10% interest in the Voigtberg property by completing a bankable feasibility study, for an aggregate 70% interest in the Voigtberg property.

Private Placement Financing
In connection with the Acquisition, BCGold has completed a non-brokered private placement financing of approximately $1.0 million through the sale of 790,000 flow-through units ("FT Units") at a price of $0.40 per FT Unit and 1,958,747 units ("NFT Units") at a price of $0.35 per Unit of BCGold. Each FT Unit is comprised of one flow-through common share and one-half of one non-flow-through common share purchase warrant, each whole such common share purchase warrant exercisable to purchase one additional common share at a price of $0.55 per share until September 15, 2007. Each NFT Unit is comprised of one non-flow-through common share and one-half of one non-flow-through common share purchase warrant, each whole such common share purchase warrant exercisable to purchase one additional common share at a price of $0.50 per share until September 15, 2007.

The net proceeds of the Private Placement are intended to be used to undertake the Company’s proposed work program on the Voigtberg property, for administrative expenses and for general working capital requirements.

The securities are subject to a hold period and may not be traded until January 16, 2007, except as permitted by Canadian securities legislation and the TSX Venture Exchange.

The private placement included participation by five directors and/or officers of BCGold on the same terms as arm’s length investors in the aggregate amount of 60,000 FT Units and 120,000 NFT Units. Shareholdings of insiders in BCGold have increased as a result of such participation.

Capitalization
On closing of the Acquisition and the Private Placement, BCGold has 8,755,247 common shares issued and outstanding, of which 3,000,000 are subject to escrow restrictions. In addition, under the Company’s stock option plan, the Company granted an additional 300,000 incentive stock options to directors and/or officers at a price of $0.45 per share, exercisable until September 15, 2011. As a result, there are an aggregate of 820,000 incentive stock options currently outstanding, of which 520,000 are exercisable at a price of $0.10 per share and 300,000 are exercisable at a price of $0.45 per share. In addition, there are 180,000 outstanding options issued to the agent in connection with BCGold’s initial public offering in June 2006.

Filing Statement
BCGold filed a Filing Statement under TSX Venture Exchange policies in connection with the Qualifying Transaction. The Filing Statement is available for viewing under the Company’s profile on SEDAR at www.sedar.com.

Resumption of Trading and Post-Closing Status
The common shares of BCGold are expected to resume trading on the TSX Venture Exchange as of Wednesday, September 20, 2006. BCGold’s trading symbol will be "BCG" and the Company will be classified as a Tier 2 mining issuer.

News Release Required under Section 111 of the British Columbia Securities Act and National Instrument 62-103
Freeman Smith of Salmon Arm, British Columbia reported the acquisition of 20,000 common shares of BCGold, common share purchase warrants exercisable to acquire up to an additional 10,000 common shares of BCGold and stock options exercisable to acquire up to an additional 80,000 common shares of BCGold.

Mr. Smith reported ownership or control of 750,000 common shares and stock options to acquire up to 125,000 common shares of BCGold prior to the acquisitions described above. The 770,000 common shares, 10,000 common share purchase warrants and 205,000 stock options currently held by Mr. Smith represent approximately 11.3% of the issued and outstanding common shares of BCGold assuming the common share purchase warrants and stock options were exercised.

Mr. Smith reported that he does not have any present intention to acquire ownership of or control over additional securities of BCGold.

A copy of the report pursuant to the above-captioned provisions of the applicable Securities Acts is filed under BCGold’s profile on the SEDAR website at www.Sedar.com and may be obtained by contacting Freeman Smith in Salmon Arm, British Columbia.

News Release Required under Section 111 of the British Columbia Securities Act and National Instrument 62-103
Darren Bahrey of Richmond, British Columbia reported the acquisition of 20,000 common shares of BCGold, common share purchase warrants exercisable to acquire up to an additional 10,000 common shares of BCGold and stock options exercisable to acquire up to an additional 80,000 common shares of BCGold.

Mr. Bahrey reported ownership or control of 750,000 common shares and stock options to acquire up to 125,000 common shares of BCGold prior to the acquisitions described above. The 770,000 common shares, 10,000 common share purchase warrants and 205,000 stock options currently held by Mr. Bahrey represent approximately 11.3% of the issued and outstanding common shares of BCGold assuming the common share purchase warrants and stock options were exercised.

Mr. Bahrey reported that he does not have any present intention to acquire ownership of or control over additional securities of BCGold.

A copy of the report pursuant to the above-captioned provisions of the applicable Securities Acts is filed under BCGold’s profile on the SEDAR website at www.Sedar.com and may be obtained by contacting Darren Bahrey in Richmond, British Columbia at 604 646-4530.

About BCGold Corp.

BCGold Corp. is a new resource-based junior mineral exploration company that believes British Columbia and Yukon hold the most promise for the discovery of significant new precious and base metal deposits, particularly in under-explored historic mining and exploration districts. BCGold acquires and advances conceptual, early and mid-stage, quality exploration opportunities towards resource development, primarily by joint venture with preferred partners in order to minimize share dilution and exploration risk.

On behalf of the Board of Directors,
Freeman Smith, P. Geo.
President and Chief Executive Officer

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.

Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures 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.

For further information, please contact:
Freeman Smith, P. Geo
President and Chief Executive Officer
Tel. (604)646-4530
Fax (604) 646-4526

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.