Barkerville Gold Mines Ltd. - Files Amended Financial Statements and MD&A

The effect of the restatement is detailed as follows:

Notes:

1. (a)The restatement was due to Revenue and Amount receivable previously recognized on the date of shipment and valued on the date of settlement but should be recognized and valued on the date when the risks and rewards of ownership have been transferred to the customer in accordance with the agreement entered into between the Company and its customer (date of receipt);

2. (b)The restatement was related to misallocation of costs between Mine Development and Inventory;

3. (c)The restatement was related to Provision for site reclamation and closure and Accretion expense not accrued for wastes produced during the period;

4. (d)The restatement was related to royalty payable not accrued;

5. (e)The restatement was due to assignment of Loan from related party to Due to related parties not presented correctly on the balance sheet;

6. (f)The restatement was due to change in deferred tax liability not recorded;

7. (g)The restatement was due to legal fees related to private placement not being recorded to share issue cost and loss on shares for debt not recorded;

8. (h)The restatement was related to total impact on the Consolidated Statements of Loss and Other Comprehensive Loss;

9. (i)The restatement was related reclassification of costs between Mine Operating and Cost of Sales and Direct Costs;

10. (j)The restatement was related to the impact of unrecorded change in Gold Loan Facility during the three months period ended May 31, 2014;

11. (k)The restatement in cash outflows from operating activities consists of adjustment of a $(1,752,501) in items included in net loss which do not involve cash and adjustment of $1,530,974 in change in non-cash working capital. This adjustment also impacted investing and financing activities; and

12. (l)The restatement was related to total impact on the Consolidated Statements of Loss and Other Comprehensive Loss.

The Company will continue to review its financial disclosure for the nine month period ended November 30, 2014 and may determine to restate the financial statements and related management discussion and analysis for this period.

For further information on Barkerville Gold Mines Ltd., please contact:

Tom Obradovich

President & Chief Executive Officer

(416) 361-2511

tobradovich@sympatico.ca

Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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