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BCGold Corp. Announces Financing

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December 15, 2006 – BCGold Corp. (the "Company") announces that it intends to complete a private placement of up to 1,500,000 units of the Company ("Units") at a price of $0.60 per Unit for gross proceeds of up to $900,000 on a non-brokered basis, subject to regulatory approval. Each Unit is comprised of one flow-through common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one non-flow-through common share at a price of $0.80 per share for a period of 12 months after the date of issuance, subject to acceleration in the event the closing price of the common shares of the Company on the TSX Venture Exchange is $1.25 per share or higher over a period of 20 consecutive trading days beginning on the date that is four months and one day after the date of issuance of the warrants.

The Company intends to use the proceeds from the private placement for exploration activities on its Canadian properties.

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:
Sacha C. Fernandes
Manager, Investor Relations
Tel. (604) 773-7213

Freeman Smith, P. Geo
President & CEO
Tel. (250) 804-4931

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.