Barkerville Gold Mines Ltd. provided a project update on its Cariboo Gold Project including the Gold Quartz (Cow Mountain) prospect, Bonanza Ledge Mine and the historic Island Mountain prospect, near Wells, British Columbia and the QR Mine and Mill near Quesnel, British Columbia. Core cutters have cut 237 of 250 drill holes to date and the remaining 13 will be completed before the end of January. There are three core cutting rooms shared by two core cutting teams that have been working on cross shifts.

Available reject samples of all Cow Mt drill holes will be shipped to the AcmeLabs for metallic screen fire assays before the end of January. Thus far, reject samples of all 2009, 2010 and most of the 2011 diamond drill holes have been delivered to the lab after being reorganized by inserting the company's own standard and blank samples. AcmeLabs has over 8,000 reject samples from BGM to analyze.

In total, 25,280 samples have been sent to AcmeLabs, of which approximately 5,400 reject and infill core samples have been analyzed with the other approximately 19,900 samples awaiting assaying. The lab has been tasked to finish all assaying by the end of February. The 25,280 samples include 1,565 soil and 1,154 channel samples from Island Mt.

collected in 2013, in addition to more than 22,400 reject and infill core samples. An update of the Cow Mt. drill hole database has been in progress as the new assay results from both reject and infill drill core samples are received.

A drill program to cover the mine grid north drill gap area of the proposed open pit on Cow Mt is being planned to help provide more solid data for the NI 43-101 technical report update. Infrastructure work (haul roads in the pit) is almost complete in preparation for mine startup. A focus has been to keep the roads open throughout the winter in and around the Bonanza Ledge &Barkerville Mt, Cow Mt., the town of Wells and Island Mt.